Today must be a risk-on day, my entire screen isn't crimson all at once and the bonds are taking a breather.
I got a bunch of feedback from my recent post on the bull market in bonds the other day, and much of it was of the disbelief variety. Anyway, from regular Peter F in NYC comes this interesting bit of speculation on what some in the The Business think may have actually gone on over the last month to propel government paper to its recent peak:
Just putting it out there, responses encouraged:
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The Reformed Broker is a blog about Wall Street, the economy, politics and anything else. Joshua Brown has been managing money for high net worth clients, charitable foundations, corporations and retirement plans. (More »)
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