BOND-gy Jumping

Monday, September 18, 2006

Record longs in the 10yr are beginning to tell, and there is no more room at the fixed income inn. The bond market looks set to do a bit of BASE jumping, and Macro Man is stopped into doubling his short at 106-23. The wretched rear view TICs data may have given the market the push it needed; all we need now is a surprising rise in the NAHB to snip the bungy cord and allow the bond market to plummet off a cliff a la Wile E. Coyote.

Posted by Macro Man at 2:23 PM  

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