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jarbo456 wrote:Quote from my buddy on the GS bond desk...
"What’s bizarre about this whole thing is that munis have been on a TEAR. We’ve seen some SERIOUS spread compression. Before I left for FL [this was the beginning of December] one needed to go out 5 years to 2017 to get 1% AAA yield. Now, you have to go to 2019 to go north of 1%. That is INSANE, even with the rolldown….its just bizarre to see both equities and FI rally like this."
this open breaks the upper trend line from the report last night thus negating the bearish case right?Cobra wrote:the open.
let's see how today close first. so far this is a renewed strength.jarbo456 wrote:this open breaks the upper trend line from the report last night thus negating the bearish case right?Cobra wrote:the open.