Tuesday, August 7, 2012

Off the Deck

He's got a brand new car
Looks like a Jaguar
It's got leather seats
It's got a CD player, player, player
--Feeder

Multi-month downtrend in 10 year yields has been decisively broken. TNX is approaching near term resistance just below 17 (1.7%).


Action in bonds corresponds to the SPX moving thru 1400, and first Fed repos since 2008.

position in SPX

1 comment:

dgeorge12358 said...

A repo man spends his life getting into tense situations.
~Repo Man, 1984