TSX:AX.PR.E - Post by User
Comment by
Torontojayon Oct 21, 2024 7:19pm
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Post# 36275794
RE:OCTOBER 31
RE:OCTOBER 31
garyreins wrote: Yes its Halloween, but in 2023 it also signified something else- related to our investments in REITS.
Its the day where the 10yr bond yield began plunging almost straight and fast from close to 5% to 3.8% by early January.
I think we can get a repeat after this "flush", isnt that what these traders do, play both sides of the trade based on a few data points?
If the 10yr peaks next week at 4.30%, then it will likely dive back to 3.5% by Jan. Too much money they need to get off into risky investments to profit
You are forgetting something. They lowered rates in September and almost immediately the 10 year began to rise. There are more rate cuts ahead. Eventually they will taper Qt and then Qe.