The Long Bond has erased all its losses for March as 30Y yields drop back below 3.00% for the first time since Feb 28th.
The Long Bond has erased all its losses for March as 30Y yields drop back below 3.00% for the first time since Feb 28th.
So much for the rate-hike...
(Click on image to enlarge)
Given the massively over-extended length of shorts, there seems plenty of room for yields to fall further...
(Click on image to enlarge)
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