While it is unclear if August’s exuberant buy-it-all strategy will hold for September, the following chart from BofA should raise a few eyebrows. In August, practically all the gains for bonds (yield compression) occurred in the overnight session (from 8pmET to 6amET)…
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Normal trading? Well it’s better than no trades at all like in Japanese govvies…
Chart: BofA
via Zero Hedge http://ift.tt/1nSJsn5 Tyler Durden