The Boston Marathon Bombing After Four Years

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, War

Since their peak ‘shortedness’ in mid-January, US Treasury bond bears have covered 500,000 10-year-equivalent contracts, reducing the net speculative short to its lowest since before Thanksgiving 2016.
At the same time, however, Eurodollar shorts (bets on Fed rate hikes) have soared to a new record high (over $3.2 trillion notional).
However, both the absolute level of Treasury yields and the short-term eurodollar curve (bets on The Fed’s path in the next 18 months) are losing their faith in Trumpflation and Janet Yellen.

This post was published at Zero Hedge on Apr 16, 2017.