Browse Symbol Stacks: TBT: TNX - Weekly - 6.13.16.png

TNX - Weekly - 6.13.16.png

10-year bond yield, weekly. This is not investment advice.

Comments

TombTomb
Dink I am not a bond trader. What should I buy or sell (not as investement advice of course)? T 6/13/16
DinkDink
The 30 year bond just hit a new all-time high a few minutes ago. I am shorting ZN and ZB futures here at 132'180 and 170'25, respectively. Equities should bottom and rally, in kind. 6/16/16
ClawsClaws
I appreciate Dink's timely post. It's a good time to play safe re:Bonds with Brexit on the cards on June 23rd next week. Just moved 100% out of bonds and in to cash. Even though I would usually wait for a spike. Brexit made my mind up with some inspiration from Dink. Other sources of inspiration include the S&P500 move after Yellen's speech and the likelihood that government of the UK's recommendation to stay in the EU will be ignored on the Brexit vote. 6/16/16
DinkDink
@Honeybee: Trust no one. Don't trust me. Don't trust TK. Trust no one. 6/16/16
ClawsClaws
That's the best advice there is. I still have no clue why equities still have their heads in the clouds. It's like trying to buy a business in Florida or California. Everything is overpriced. Nothing is making a worthwhile profit. They wouldn't be selling it if it were any good in any case. But methinks that when in doubt it is rarely a bad idea to be in cash even if bonds launch from here. 6/16/16
DinkDink
Equities will suffer its bubble-demise eventually...but not yet. All in due time. When that time comes, I will be more bearish than TK ever was, but we need time to unwind this equity bull. 6/16/16
ClawsClaws
The price point for the bonds I sold last Thursday was Friday and got a really good price for them. So I've placed an order to buy back tomorrow Tuesday because Brexit is no longer on the cards. Something incredible would have to happen for the UK to go for Brexit post Jo Cox. Jiggled the portfolio about and I think I got lucky. But won't know for sure before tomorrow. 6/20/16
ClawsClaws
ok it's official. I would like to thank Dink. The bonds I sold and bought back with just over 2 per cent gain. 
 
It may not sound like much. But that was a truck load of bonds that I sold and bought back. 
 
Thank you Dink for that timely reminder that I had those snuggled away. 6/21/16