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Choppy day in the bond market ends with a strong bid
It was an interesting day in the bond market. There was a strong bid for bonds but that was undermined by a terrible Treasury auction with a 3.3 bps tail.
But in the last minutes of the day, the bid returned. Could that be short-covering ahead of CPI? Or a flight to safety after a rough decline in stocks.
Plenty has been written about the US election and the crypto meltdown this week but the inflation report is going to be the driver of markets.
This article w... Read More Posted: Nov 9 2022, 21:21
Author Name: forexlive
Views: 110686