Bonds (& VIX) Ain't Buying It
This morning's exuberance in equity markets, despite weak inventories data and nothing good from AsiaPac, appears to be entirely ignored by the US Treasury market...
Bonds ain't buying it...
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As bonds appeared to have had it correct from the start...
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Even VIX is not playing along...
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Chart: Bloomberg
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Bonds are influenced by massive demand as collateral in derivatives markets, so it is hard to tell if it is an accurate measure anymore. Vix could be better.