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Started By
Message
Market Tanks after horrific Treasury Auction, Bond yields rising, Powell talking hawkish.
Posted on 11/9/23 at 3:55 pm
Posted on 11/9/23 at 3:55 pm
CNBC
Tesla down 6% today.
Horrible Treasury Auction + Bond Yields Rising + Hawkish Powell Comments = Trouble.
Tesla down 6% today.
Horrible Treasury Auction + Bond Yields Rising + Hawkish Powell Comments = Trouble.
This post was edited on 11/9/23 at 8:51 pm
Posted on 11/9/23 at 4:39 pm to stealing signs
Wasn’t even down 1% and that is considered “tanking”??
Posted on 11/9/23 at 4:45 pm to stealing signs
quote:
Market Tanks
Lol no it didn't
Posted on 11/9/23 at 5:07 pm to stealing signs
quote:
Market Tanks
quote:
horrific Treasury Action
quote:Your hyperbole will do fine elsewhere. Not so much here.
stealing signs
2 posts
It was the worst auction in a couple of years though. The follow-up was JP's hawkish FedSpeak. But the market response, down ~1%, was relatively tepid IMO.
This post was edited on 11/9/23 at 5:08 pm
Posted on 11/9/23 at 5:09 pm to stealing signs
Who is buying 30 year US debt? Especially when it is clear that the government is just going to inflate it away? What will a dollar really be worth in 30 years?
Posted on 11/9/23 at 6:04 pm to SloaneRanger
quote:
Who is buying 30 year US debt?
Lots of foreign countries/investors love the stability of the 30 year.
Posted on 11/9/23 at 6:44 pm to SloaneRanger
30yr treasury rates around 4.75%. Was edging up on 5%.
There’s a lot of pension funds, sovereign wealth funds, etc. that are considering locking in a portion of their required returns through safe assets.
The rest of the shite they’ve piled into (illiquid private allocation, stocks, etc.) carries too much uncertainty to confidently meet obligations. With yields around 0% in last years they were essentially forced.
Plus, IF long term inflation backs down even to 3%.. they’re getting real yield, right?
There’s a lot of pension funds, sovereign wealth funds, etc. that are considering locking in a portion of their required returns through safe assets.
The rest of the shite they’ve piled into (illiquid private allocation, stocks, etc.) carries too much uncertainty to confidently meet obligations. With yields around 0% in last years they were essentially forced.
Plus, IF long term inflation backs down even to 3%.. they’re getting real yield, right?
Posted on 11/9/23 at 9:52 pm to stealing signs
Wasn’t it due to China not participating? Because of some cyber malware. Whether that’s the real reason or not, of course it would go terrible without the worlds second largest economy bidding. But down less than 1% after 8 straight Green Day’s is hardy crashing. Jeeze
Posted on 11/9/23 at 11:21 pm to stealing signs
What was your previous screen name before you made this new alter to start this thread?
Posted on 11/11/23 at 6:13 pm to stealing signs
This is why you should tune out financial media. They are not your friend or there to help you.
Powell’s speech dropped the market by 0.4%. It was up 2% the next day. Complete non story.
Powell’s speech dropped the market by 0.4%. It was up 2% the next day. Complete non story.
Posted on 11/11/23 at 8:05 pm to LSUcam7
quote:
There’s a lot of pension funds, sovereign wealth funds, etc. that are considering locking in a portion of their required returns through safe assets.
How does that work in terms of say mutual fund NAV. I guess it is mark to market for redemptions?
Posted on 11/12/23 at 9:10 pm to RidiculousHype
quote:all technically indicated too BTW
Powell’s speech dropped the market by 0.4%. It was up 2% the next day. Complete non story.
Posted on 11/13/23 at 8:36 am to stealing signs
The sky is falling!!
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