TSX:BPO.PR.A - Post by User
Comment by
SONOFFERGUSon Apr 11, 2024 9:17am
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Post# 35982974
RE:RE:2024
RE:RE:2024Good morning.
Price action in the UST10 was insane given how likely that inflation would come in hot. Leveraged longs had to unwind fast. Whipsawed this morning by a better-than-expected PPI. Good times!
IMHO there's going to be a fight over the "pyschologically important" 4.50% level on the 10 -- a credible move below will get equiies back on track. Hopefully that includes BN and friends.
It would be fascinating to know what forces make the treasury yield bounce around like that.