Bonds 06 (Oct 23 - Dec 26)

[behappyalways]

The world's second biggest bond market is about to freeze up:
https://x.com/zerohedge/status/1955652472283820464

[behappyalways]

The last 125 bps of bank rate cuts by the BoE have seen the 10-year Gilt rise 87 bps.

Cutting rates is NOT lower long rates!
https://x.com/biancoresearch/status/1956678715653358045

[behappyalways]

French Bonds, Stocks Tumble As Government Risks New Collapse In Weeks
https://www.zerohedge.com/markets/frenc ... apse-weeks


*Yields near one-year highs; France, Japan, UK, Germany, and Canada.
https://x.com/Convertbond/status/1960134565525135580

[behappyalways]

*FRENCH 30-YEAR YIELD RISES ABOVE 4.5% FOR FIRST TIME SINCE 2011

*UK 30-YEAR YIELD CLIMBS TO 5.66%, HIGHEST SINCE 1998
https://x.com/zerohedge/status/1962833387711848851


"Quite Dangerous": Gilt Yields Hit Highest In 27 Years As UK Budget Bungle Rattles Investors
https://www.zerohedge.com/markets/quite ... -investors

[behappyalways]

Probably because investors are losing confidence in these governments.

Most will have to debase their currencies further by running high deficits. As a result a higher yield premium is being demanded.
https://x.com/Mayhem4Markets/status/1963320975262433634

[behappyalways]

The skepticism is warranted. I wouldn't want to lend to any of these countries for 30 years at prevailing long-end rates.
https://x.com/Mayhem4Markets/status/1965076453181280267

[behappyalways]

With 135 billion of U.S Treasuries, Tether is now the 17th largest holder of U.S debt, passing also South Korea.
Soon Brazil!
https://x.com/paoloardoino/status/1983455972636111011

[winston]

US govt shutdown may prompt first-ever inflation bond workaround

By DAVIDE BARBUSCIA and And ANIRBAN SEN

With the standoff now the second-longest on record, the White House warned there will likely be no inflation data published next month, which means the BLS’ October CPI report scheduled for Nov 13 won’t be released.

That could be a headache for Treasury Inflation-Protected Securities (Tips) market participants, as the value of those bonds, which investors use to protect their capital from inflation, hinges directly on the index.

Tips pay a fixed interest rate, but the interest is calculated on a principal amount that rises with inflation and falls in periods of deflation.

Source: The Star

https://www.thestar.com.my/business/ins ... workaround

[behappyalways]

Yields Spike After Treasury Refunding Unexpectedly Warns Bessent Considering "Increases To Future Auction Sizes"
https://www.zerohedge.com/markets/treas ... ng-preview