Post by Contra_Manon Jun 02, 2015 3:30pm
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Post# 23790327
Fed Lift Off: Already +50 bps Priced-In on 10yr
Fed Lift Off: Already +50 bps Priced-In on 10yrAdding ten (10) starting positions into ZROZ-N @ $108.98 ACB or better as even 10-year CAD/US bond spreads have widen just too far, too fast with no fed rate hike for billions of loaned-out dollars in interbank overnight swap lending operations @ 0.01%-0.25%. One and now done. Contra_folk will now start being paid to wait, slowly adding on pull backs, but now are watching for 20 years longer (in USD) as we are all just standing around for another two decades of no growth but all wait-for-it zombie derivative recovery that is pending for right around the next corner, next year, next spring, next meeting, next Greek/Euro/China/Russia deadline to pass, next election, next ... snough! So now we're all content sitting back, eating your 2.29% cake while chillaxing waiting to find out who really does indeed take off their tights first and who really does lets things fly out; lifting all things off into 19 x forward space earnings multiples, or at least see if anyone ever reaches this now fabled "no/low growth" escape velocity "they" are now waiting for (End/Sarc).