While stocks are bid off earlier lows, US Treasury bond yields are plunging this morning, extending the week’s collapse and perhaps signaling the record short speculative positioning is starting to unwind…
Who will be right?
10Y Yields are way below the 3.00% Maginot Line…
And 30Y Yields are at 6-week lows…
Is the big bond bear positioning about to unwind en masse?
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