@tomkeene @FerroTV
Bond Bomb
"Another, less-understood risk is the potential for price declines should yields tick up just slightly. If the yield on the 10-year Treasury were to rise just 10 basis points, the resulting price drop would wipe out an entire year’s interest income..
Bond Bomb
"Another, less-understood risk is the potential for price declines should yields tick up just slightly. If the yield on the 10-year Treasury were to rise just 10 basis points, the resulting price drop would wipe out an entire year’s interest income..
https://twitter.com/tomkeene/status/1422862098380513281
. That sounds like a miserable investment to me.""
- Jim Tisch, Loews CEO
These days, behind nearly every extreme move, is a hedge fund or an asset manager in distresss.
Think Archegos or Melvin Capital, as examples.
This morning we learned that Alphadyne Asset Management
- Jim Tisch, Loews CEO
These days, behind nearly every extreme move, is a hedge fund or an asset manager in distresss.
Think Archegos or Melvin Capital, as examples.
This morning we learned that Alphadyne Asset Management
marketwatch.com/story/hedge-fu… has lost about $1.5 billion short the fixed income market in the last several months as it positioned for a curve steepening and higher interest rates.
I suspect the panic move lower in the ten year US note's yield in July -to 1.11% (when Alphadyne lost
I suspect the panic move lower in the ten year US note's yield in July -to 1.11% (when Alphadyne lost
almost five percent) was, in part, short covering in bonds by Alphadyne and some other similarly positioned funds.
I often write that 'tops are processes and bottoms are events.'
This might be such a bottoming event (in yields) - in which short covering in bonds have created a
I often write that 'tops are processes and bottoms are events.'
This might be such a bottoming event (in yields) - in which short covering in bonds have created a
marvelous opportunity (to short).
I have recently been adding to my short $TLT position in the .belief that the bond market is mispriced. @threadreaderapp unroll
I have recently been adding to my short $TLT position in the .belief that the bond market is mispriced. @threadreaderapp unroll
• • •
Missing some Tweet in this thread? You can try to
force a refresh
