tyb
AZAZ09O9 C-560 NE from JBA to Utica, Ny, circling and then west. Had a flight from Melbourne, Florida to JBA on 022620
GAF648 Bombardier GLEX west from Delhi and came from Guwahati (Indian state of Assam)
The Entire Treasury Yield Curve Is 'Inverted'
The market is now demanding almost 4 rate-cuts this year - a stunning example of the desperation for monetary policy mavens to save the world through easy money… and maintain the 'buy the dip' strategy that a generation of money managers has become conditioned to.
As former Dallas Fed's Fisher noted yesterday:
"Does The Fed really want to have a put every time the market gets nervous? …Coming off all-time highs, does it make sense for The Fed to bail the markets out every single time… creating a trap?"
"The Fed has created this dependency and there's an entire generation of money-managers who weren't around in '74, '87, the end of the '90s, anbd even 2007-2009.. and have only seen a one-way street… of course they're nervous."
"The question is - do you want to feed that hunger? Keep applying that opioid of cheap and abundant money?" "The market is getting ahead of itself, because the market is dependent on Fed largesse… and we made it that way……but we have to consider, through a statement rather than an action, that we must wean the market off its dependency on a Fed put."
But the expectations have driven Treasury yields drastically lower…With the entire curve now below the Fed Funds target rate.
https://www.zerohedge.com/markets/entire-treasury-yield-curve-inverted
no it's not however it's the message they are trying to send and the normies pay attention to this..unfortunately.
they also think that the FED sets rates. Already done late last week and earlier this. FOMC is the grocery clerk and always has been.
F-15 off Long Island at low altitude-rare to see these switched on
in the repo process and Tri-party stuff, 3 letter bailout programs.. yes. But they are told by the big banks what to set them at.
Don't forget the FED is owned, via illiquid shares by these same banks/'tutes.
agree with this. They did the same shit in 2008 but in a different way.
Treasury's 'ain't buying this action off the bottom
https://www.marketwatch.com/investing/bond/tmubmusd10y
we shall see.
if I still participated I would be closing a short or two about here. But that is just for profit and not an indication of direction.
Friday's…after 09 I never held over weekend.
Fire erupts at a train station in central #Paris, #France.
https://twitter.com/raveenaujmaya/status/1233443064292761607