A diary of the thought process behind my investment decisions
Strange Action In Treasuries
It is quite strange to see treasuries down over the past two days, with the market down as well. As I wrote earlier it is important for interest rates and commodities to correct with the market. Commodities are doing their part but interest rates are stubbornly higher. It could be that too many hedged their long equity exposure with long treasuries and are now bleeding from both ends. Regardless of the reason the bulls would like to see this reverse soon as higher rates are a headwind.