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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Mike Johnston who wrote (69089)8/30/2006 4:34:49 PM
From: bart13  Read Replies (1) of 110194
 

Yes, this is a mother of all conundrums.
What are bond traders smoking ?


Some large percentage of it is due to "Fed management". Check how moves in the 10 year are preceded by changes in rates of change of Fed securities lending and also that they were trying for a long time to pull rates down during the last year or so:

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