“10-year Treasury yield falls below 4% as traders evaluate Fed decision” – cnbc
and how do they evaluate jerome’s smoke signals’ yik-yak ?
glad you asked: 10-yr 3.918, LoD 3.912%
obviously they are pricing something else than march no cut smoke signal
Jerome has a credibility food fight with players
on the other hand a rush into bonds could be indicative of risk-off
Tomorrow is Budget Day… Release of the Annual Economic Budget… I was not able to verify when someone told me today one of the brokers got knocked offline… or probably another refco…
So there, RBI has taken action against one of the micro-payment systems,… Markets would talk of that company as darling of the markets but then, it has sent jitters throughout the length and breadth of the country. Buffett had a good sized stake in it as well but then he exited it fully a few months ago.
It is safer for investors, depositors to deposit their money into RBI for 182 days at a stretch, I think their rate is 7.17% which is the highest in the category and compared to bank deposits which are offering 8%+ per annum, however I would still bid the 182 over the bank deposits, because there is going to be a global increase in geo-political variables which are gonna cause rates to well…?
Ok Monedge is back in GVI. We love Global View and hope you all have a great trading day. What worked for us last night was a sell stop in Usd/Jpy. Pretty dicey but our model simply said place it, sometimes you have to trust your model. The pair will obviously rebound but we do not feel like going long at this point, even though it is considerably sold. Jay has told everyone for decades to be careful about catching a falling knife. That could apply here.
As I said before – Data’s and FOMC tonight – perfect reasons for the market to have it it’s way….
While waiting for the Fed’s decision, go play a bit with some gadgets like Economic Calendar
If you click on any data , you’ll get a little chart , showing the past performance. An interesting add on 😀
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