Bond Vigilantes Getting Ahead of Helicopter Ben

The news today will be about the Dow ($ES_F, $SPY). The real news ought to be the mid point of the Eurodollar curve ($GE_F). Gold’s were down 30 points. That’s a two standard deviation move. Notes and bonds ($ZN_F, $ZB_F), were down big too.

For gold ($GLD, $GC_F) bugs, it was a miserable day. Market up, treasuries getting hammered, oil up, and gold getting smacked lower.


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

You might be interested in:
blog comments powered by Disqus
Points and Figures Blog