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Note from dshort:The 1.17% decline in the S&P 500 today was accompanied by a further rally in Treasuries, as the falling yields illustrate. The 10-year note closed today at 1.82, a new interim...
Note from dshort:The 2.83% deline in the S&P 500 over the past week has been accompanied by a predictable rally in Treasuries, as the falling yields illustrate. The 10-year note closed the week at...
Equity markets and risk currencies continue to trade lower as global growth concerns are sending investors back into the US Dollar. Commodities have commanded a good deal of headline space, as...
Note from dshort: The selloff in equities has, of course, been accompanied by a rally in Treasuries, as the falling yields illustrate. The 10-year note closed today with at 1.92. That is 50 basis...
Bunds:Bunds opened lower, but reversed direction and came sharply higher—breaking to 136.83. This hasmade the short term charts overbought and therefore we look for weakness leading down...
Bunds:The rally petered out at 137.12 and down we came, breaking through all barriers until reaching 135.30. We have closed at the lows as well...therefore this morning if we open below 135.30 we...
Bunds:Initial moves lower captured 134.55 but from there we saw the market push higher to 136.21. Short term we have double topped at these higher levels and there is a risk this morning of...
Bund: Bunds reversed direction yesterday and came sharply lower to the first 23.6 short term fib level located at 134.08, reaching 134.06. we do now look oversold on both the short and med term charts...
Bund:Bunds fulfilled the prediction yesterday and up we came. We have fallen shy of the 136.05 target, but we have at least now made the break above the neckline of this inverse H&S pattern and we...
Bund:Bunds have made a small inverse Head and Shoulder pattern on the 60 min charts. Now this pattern should provoke the buyers into making a move to the topside.. We have the neckline located in...
The Euro crisis is getting deeper into the uncharted territory with bond yields surging across Europe on Friday Nov. 25, after Fitch Ratings cut Portugal’s debt rating to “junk”...
Note from dshort: With the Thanksgiving selloff in equities, the flight to safety (and accompanying decline in yields) was again driven by the fear of eurozone contagion, although the yield on the...
The euro is on the retreat. During the course of the week, the single currency weakened against the “risk off” currencies – particularly against the US dollar and its Chinese...
Market commentThe negative headlines have been plentiful this week and a few positive macro numbers at the end of the week were not enough to change the overall risk-aversion mode of debtinvestors....
With the US out on holiday the focus has been squarely on Europe. First Portugal’s credit rating was downgraded to junk status by Fitch, second, German bond yields continue to rise after...