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1/10 calling for an end to the secular bull market in rates, starting with Bill Gross ,who said that the "bond market was confirmed today", followed by Jeff Gundlach who said that while Gross is early, it will only take 2.99% on the 30Y to break the trendline….Should Gundlach be correct, and 10Y yields explode higher once 2.63% is breached, we may find out [SOON].Trades with cats wrote:Zerohedge saying today's Treasury auction went well with plenty of foreign buyers. So panic is over. Still Bill Gross is short the market and he and his wife didn't get matching Ferraris by making stupid market calls. You knew this string of up days was close to the end so why not now.
That is consistent with the RATE WATCH way back in 2014, when the "experts" opined that at a certain point, higher rates start being too stressful for long equities. Those possible stress points (on the TNX) in 2014 were estimated at: SocGen: 2.60%, GS: 2.75%, JPM: 2.75%, Jeff Gundlach: 3%, Bill Gross: 2.6%. Those numbers look errily similar to the chatter today.Al_Dente wrote:So the “consensus” seems to be that bonds (and equities) will get stressed when the 10yr treasury yields are somewhere between 2.63% and 3%.
Right now they are at 2.56% (25.61 on $TNX)
Al_Dente wrote:chatter today...
thanks for that news bossTrades with cats wrote:Current selling seems to be due to Reuters blasting out a series on Trump pulling out of NAFTA.