This blog will be periodically updated to give debt issuers and debt investors a technical perspective of the United States treasury market. Yield curve flucuations and individual treasury tenor market movements will be analyzed. Debt instruments outside the U.S. treasury market will be commented on as it is seen fit. This author's technical analysis shows that the capital markets are getting very close to a major trend change. I have been a student of the capital markets since 1973.
Greetings....I promise that spring will arrive some day... The winter doldrums can dull the senses to market activity. Hang on tight. As a generic factoid, there is approximately $100B of CMBS loans that come due from now thru the end of 2020....And 2020 is not that far out on the horizon. Deutsche Bank continues to be punished, ( perhaps well deserved?), by the marketplace as its funding costs weigh on this institutions' viability. A headline from late this afternoon states the the Fed says the US dollar may not retain its dominance...Throw in the fact that some public pensions have purchased cryptocurrency and that China continues as a rabid buyer of gold.... I'm not sure how this all shakes out...But I do know from a technical perspective that the 10 year US treasury futures are getting so very CLOSE to establishing a very important price peak. My longer term weekly and monthly indicators have tuned negative on the sector of the yield curve. For the short term, th...
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