Welcome Back 30-Year One Handle We Missed You
Mike (Mish) Shedlock | Oct 07, 2019 12:55AM ET
The 30-year long bond yield just fell back below 2.00% for the first time since September 4.
The 30-year long bond yield rose above 2.00% on September 5 and stayed above that rate for over a month.
From September 13 through 15, the yield topped at 2.375%.
I am wondering how much of that spike is related to overnight funding topping 10.0%.
Regardless, welcome back sub-2.0% we missed you.
A slew of bad economic reports is behind the collapse.
On October 1 the ISM reported manufacturing worst since 2009 on severe contraction of export orders.
Also note, the Fed has recession tools, promises to use them quicker next time.
Original Post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.