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FormerXBC Inc XEBEQ

Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.


GREY:XEBEQ - Post by User

Comment by iiioiiion Jan 14, 2021 7:01am
213 Views
Post# 32292188

RE:RE:RE:Take note of this

RE:RE:RE:Take note of this
Thanks TT, I believe this was the article you were pointing me to (paywall - sorry all, but perhaps now is as good a time as any to pay $52 for access for the year): 

https://www.wsj.com/articles/treasury-yield-climb-extends-into-sixth-session-11610392090?page=1 

The talking heads on Bloomberg seem confident that, whether it's an issue of the rate of rise (30-50 basis points over 2-3 weeks) or a breach of upwards of 1.6% on the 10-year yield, equities will be largely unfazed by the current increase... For now. The article below provides a cursory review of the current yield uptick for anyone interested (another paywall but at least Bloomberg is a little more forgiving when handing out a free taste - I suggest clearing your data if you're using the app...): 

https://www.bloomberg.com/news/articles/2021-01-14/when-will-higher-treasury-yields-upset-the-risk-asset-apple-cart 

And just in case anyone needs more help either getting to sleep this morning or is further interested in the byzantine nature of the bond market, its effect on equities, and how it relates to the currently hot 'reflationary trade' talking point, a few more links to explore (again, I'm about as far from an expert as you can get; user mileage may vary):  

https://www.bloomberg.com/opinion/articles/2021-01-08/ponzi-stage-stocks-are-far-too-reliant-on-low-bond-yields 

https://www.bloombergquint.com/quicktakes/what-s-a-reflation-trade-and-who-wins-and-loses-quicktake 

My own personal take on this is that while the $2 trillion stimulus sticker shock is high, what we end up with will likely be a fair bit smaller; think $1.1 - 1.3 trillion as the horse trading is finally finished. This will likely serve to calm the bond market somewhat over the medium term and allow the equities party to continue throughout 2021 since the Fed seems very keen now to make everyone aware that they won't be winding down thier bond buying program any time soon and thus prevent another taper tantrum. 

For added fun should Biden get his wish and the stimulus package dual-track with the impeachment proceedings in the Senate, I'd expect a lower still package passed (no less than $750 billion) as favours are traded, political capital is expended, and a few tempers flare. 

Crazy times. Good luck out there. 
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