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What's this? Bond market bounces

Published 01/11/2018, 02:35 PM
© Reuters.  What's this? Bond market bounces
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  • "The stuff falls for over 4 months, everybody talks about 'new highs' in stock market, some sophomoronic China and Gross stuff comes out ... It firms up." So tweets wise old trader Kevin Ferry, dispensing a market lesson for a lifetime in 140 characters or less.
  • The 10-year Treasury yield is down nearly another three basis points today and a full seven basis points since it spiked higher to 2.60% yesterday morning on back of an absurd story about China halting its purchases of U.S. government paper.
  • That news came alongside Bill Gross declaring the three-decade bond bull market as definitively over.
  • TLT +0.55%, TBT -1.1%
  • Previously: China could slow/halt U.S. Treasury purchases - Bloomberg (Jan. 10)
  • Previously: Gross: Bond bear market confirmed today (Jan. 9)
  • Now read: Is The Bond Market Signaling A Shift In Central Bank Policy?


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