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Bloomberg takes toll on current treasury market massacre
Most interesting during the past week or so. I placed two charts in the below links. Set for 50, 100 & 200 day averages over 3 years backwards. I am sure there are other eft or index charts that are similar over the same time period; but there are quite a few cross-over points on these that one would not normally see when viewing a typical mutual fund chart. One can see at the most recent dates how the 50 day blew through the 100 and 200 day.
Reply to @catch22: a few bits from our desk: • Mr. Bernanke not-withstanding, Fed Funds are pricing in almost a 100% chance of a rate increase by year end 2013, almost a year ahead of FOMC guidance. Expectations now call for 25 bps by the end of ‘013, 50 bps by mid-2014 and a full 75 bps by year end ‘014.
different world from a week ago. and yes, important technicals have been broken. any portfolio changes on your end, Mark?
Have not moved any of the bond holdings, regardless of the sector. Seeing a bit of a positve bump with the tips and 7-10 year T areas. The $ is down most of the day; and yet emerging market bond sector is weak again today. Something is going on with money moves in this area. I anticipated a bit of relief in the high yield bond area today; but it does not appear that will happen, as well as with the IG corp. bond area. If I have enough time for the weekend Funds Boats write, I may offer my non-professional viewpoint about the bond areas; in particular the Treasuries.
Comments
Most interesting during the past week or so.
I placed two charts in the below links. Set for 50, 100 & 200 day averages over 3 years backwards. I am sure there are other eft or index charts that are similar over the same time period; but there are quite a few cross-over points on these that one would not normally see when viewing a typical mutual fund chart. One can see at the most recent dates how the 50 day blew through the 100 and 200 day.
---10 year Treasury (yield)
http://stockcharts.com/h-sc/ui?s=$TNX&p=D&yr=3&mn=0&dy=0&id=p89240738106
---10 year Treasury (price)
http://stockcharts.com/h-sc/ui?s=$UST&p=D&yr=3&mn=0&dy=0&id=p68474271730
Take care,
Catch
• Mr. Bernanke not-withstanding, Fed Funds are pricing in almost a 100% chance of a rate increase by year end 2013, almost a year ahead of FOMC guidance. Expectations now call for 25 bps by the end of ‘013, 50 bps by mid-2014 and a full 75 bps by year end ‘014.
different world from a week ago. and yes, important technicals have been broken. any portfolio changes on your end, Mark?
Have not moved any of the bond holdings, regardless of the sector. Seeing a bit of a positve bump with the tips and 7-10 year T areas. The $ is down most of the day; and yet emerging market bond sector is weak again today. Something is going on with money moves in this area. I anticipated a bit of relief in the high yield bond area today; but it does not appear that will happen, as well as with the IG corp. bond area.
If I have enough time for the weekend Funds Boats write, I may offer my non-professional viewpoint about the bond areas; in particular the Treasuries.
Ok, take care of yourselves.
Mark