Loading ...Ten Year Bond
Ten year US bonds driving the bus in precious metals. The oversold reading on the weekly chart now completely reset. The stochastics are crossing over. Last two times this happened we had the beginning of another downward leg in yields. Precious metals positive!
I’m looking for yields under 1% in the USA before this bond bubble bursts.
Fed Repo Operations continuing today:
https://www.zerohedge.com/markets/ny-fed-starts-new-quarter-unexpectedly-high-55bn-repo-operation?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
“Well, it’s now the new quarter… and contrary to clearly erroneous conventional wisdom, the funding shortage still persists. Moments ago the NY Fed reported [that in] the first overnight repo operation of the quarter….. The continued demand for reserves, even with $139BN in liquidity locked up in 2-week term repo which expire in the second week of October, suggests that the funding shortage is anything but a calendar event, and confirms that there is an acute reserve shortage, one which the Fed will have to address, most likely by resuming POMO operations to the tune of roughly $20BN per month… which for all the QE denialists, will be the same size as QE1.”
Popcorn anybody.
Good Eye Dadoc1