Friday, January 29, 2021

Let The Hand-Wringing Begin -- The Ten-Year Treasury --- January 29, 2021

The 10-year Treasury "spiked" today, according to some over on social media.

From CNBC:

  • the close from yesterday / pre-opening: 1.0995
  • opened at 1.0740
  • a little after noon ET the TYT dropped to an intraday low of 1.0650
  • closed at 1.0740

For the five days this week:

  • a low of 1.0040 (someone may want to fact check me on this)
  • a high of 1.1010

Let the hand-wringing begin.

My hunch: the Reddit traders are shorting the 10-year Treasury. Or maybe just shorting the US in general. LOL.

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2 comments:

  1. rjsJanuary 29, 2021 at 7:46 PM

    Fed losing control. did anyone react?

    ReplyDelete
    Replies
    1. Bruce OksolJanuary 29, 2021 at 8:00 PM

      We will have to wait to see what happens next week.

      With regard to the US economy, the person to watch very, very closely: Yellen.

      I never saw Mnuchin as particularly political or much of an activist SecTreasurer.

      That really isn't the job of the "treasurer" at any level. But I get the feeling that Janet Yellen is going to very, very political and will be very much an activist Secretary of the Treasury.

      Delete

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