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S&P 5c is hovering around the 50d ema & just above the sma. Levels ~ the 50d have been a floor & bounce level 4x since late last year. If there's a clear break down from here, we might have a change in the wind.
Two year high for 10 year Teasury (Seeking Alpha) 10-year Treasury yield wants 3% • 1:24 PM
It's thin trading conditions, but the 10-year Treasury yield jumps 9 bps all of a sudden to 2.86%, touching a new 2-plus-year high. This despite weaker-than-expected consumer and housing data this morning. TLT -0.8%, TBT +1.7%. The move is taking a toll on stocks, where the S&P (SPY -0.4%) has slipped more than half a percent off the session high. The mortgage REITs (REM -1.7%), (MORT -1.5%), (MORL -3.5%) quickly react to the downside. Leading are: Armour (ARR -2.9%), CYS (CYS -4.2%), Javelin (JMI -3.5%), Hatteras (HTS -2.3%), (MFA -2.6%), Annaly (NLY -1.9%), American Capital (AGNC -1.8%), Dynex (DX -1.4%).
Interesting to see mkt selling off, bonds selling off and gold going higher. Interest rate movements continuing to surprise me, although they ramped today apparently after a Bill Gross tweet: "Gross: Pogo said, We have met the enemy & he is us. I say, All asset mkts peaking; W/o central bank ck writing we only have ourselves 2sell2"
I still don't get twitter. I want to read detailed thoughts from people I'm interested in. I don't want to have Bill Gross eventually tweeting, "Cntrl bnks end cntrl-p $$$, djia tlt frown Bernanke no moar lolz."
Reply to @MaxBialystock: (-: I'll take that as a tease Max. Although would maybe agree with you for some bonds, like high yield & and EM. But with the higher-grade stuff, that ain't necessarily the case - due to the pitifully low yields.
Hi, Hank. Agreeing with you. The lion's share of my bonds, it so happens, are in EM: PREMX. Less than 3% of total portfolio in DLFNX, with uncle Jeffrey. Still reinvesting all profits. Come to think of it, I own MAINX, too. It's been unremarkable, lately. That's a good thing, I think--- rather than to be falling in value quite a bit, like so many others---including PREMX. ...MAINX = 2.77% of total, here.
Comments
10-year Treasury yield wants 3% • 1:24 PM
It's thin trading conditions, but the 10-year Treasury yield jumps 9 bps all of a sudden to 2.86%, touching a new 2-plus-year high. This despite weaker-than-expected consumer and housing data this morning.
TLT -0.8%, TBT +1.7%.
The move is taking a toll on stocks, where the S&P (SPY -0.4%) has slipped more than half a percent off the session high.
The mortgage REITs (REM -1.7%), (MORT -1.5%), (MORL -3.5%) quickly react to the downside. Leading are: Armour (ARR -2.9%), CYS (CYS -4.2%), Javelin (JMI -3.5%), Hatteras (HTS -2.3%), (MFA -2.6%), Annaly (NLY -1.9%), American Capital (AGNC -1.8%), Dynex (DX -1.4%).
I still don't get twitter. I want to read detailed thoughts from people I'm interested in. I don't want to have Bill Gross eventually tweeting, "Cntrl bnks end cntrl-p $$$, djia tlt frown Bernanke no moar lolz."
https://twitter.com/PIMCO
PRULX (T. Rowe Price Treasury-Long) was off over 12% YTD as of yesterday and close to 12% year-over-year.
Agreeing with you. The lion's share of my bonds, it so happens, are in EM: PREMX. Less than 3% of total portfolio in DLFNX, with uncle Jeffrey. Still reinvesting all profits. Come to think of it, I own MAINX, too. It's been unremarkable, lately. That's a good thing, I think--- rather than to be falling in value quite a bit, like so many others---including PREMX. ...MAINX = 2.77% of total, here.