What we have going on is a dis orderly unwind…when large funds are long bonds they hedge short assets against them…when those funds are long JGB’s and they are getting crushed and forced sales they must also unwind positions that clearlyget Tepper all gushy and confused…the fundementals he’s referring to only exist in his imagination.
Friday: Personal Income and Outlays
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Friday:
• At 8:30 AM ET, *Personal Income and O...
3 hours ago