Here’s a chart, TLT on the left, long bond futures on the right… 5 minute bars, those are the largest range bars I’ve ever seen in bonds on such a short timeframe.
High Frequency Indicators for the Economy
6 hours ago
Wednesday, January 28, 2009
FOMC Rates Unchanged, Lacker Dissented Wanting Treasury Buying NOW!
Very wordy statement… the key to me is that Lacker voted no, saying that he wanted Treasury buying now. The long bond market tanked on that statement because it’s saying that their talk is lip service to date and that they haven’t actually been buying the long end.
Here’s a chart, TLT on the left, long bond futures on the right… 5 minute bars, those are the largest range bars I’ve ever seen in bonds on such a short timeframe.
Here’s a chart, TLT on the left, long bond futures on the right… 5 minute bars, those are the largest range bars I’ve ever seen in bonds on such a short timeframe.
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