Interesting how the market basically topped out in July around the same time bond traders started correcting the inversion on longer term bonds.
I said a few months ago that bond traders don't know what they're doing, lol. They were assuming rates were just gonna drop back down, now they've adjusted. Problem is, all of the bonds banks have bought in the past year are now under water.
I said a few months ago that bond traders don't know what they're doing, lol. They were assuming rates were just gonna drop back down, now they've adjusted. Problem is, all of the bonds banks have bought in the past year are now under water.