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T.NWH.DB.G
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Bonds down big, another leg down on this badboy.
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T.NWH.DB.G
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Because there is literally no liquidity to "buy all day at 5-6"...
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T.NWH.DB.G
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I think it's more about 10Y/long end yields rising in a bear steepener...
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T.NWH.DB.G
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The more i look at it the more i realize the biggest mover for this...
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T.NWH.DB.G
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At least the debentures are recovering, that's a good sign of overall...
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T.NWH.DB.G
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Yeah 5 1/4 area proving to be massive sticking point.. this wil be I think...
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T.NWH.DB.G
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Is simple, this has both defensive pick (recession proof) elements, as well...
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T.NWH.DB.G
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Big purchase yesterday, enough to see these 6.25 debs trading at 87, good...
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T.NWH.DB.G
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The good news is that corporate paper is in good shape.. just look at HYG or...
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T.NWH.DB.G
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Bc most of the debt is USD denominated so stock will be most weighted toward...
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T.NWH.DB.G
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My guess is, even though price top coincides with ER, inflation outlook is...
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T.NWH.DB.G
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Certainly buyouts at 100% premium have happened in the past, but it seems far...
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T.NWH.DB.G
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Absolutely part of it is indeed Forex, look at how dominant the USD has...
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T.NWH.DB.G
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Pretty clear bull flag on hourly i would say 5 1/4 is not too far off?
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T.NWH.DB.G
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It went up my guess bc bargain hunting in REIT's is happening now.. AI...
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T.NWH.DB.G
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I think people are trying to rationalize why it's trading what it's...
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T.NWH.DB.G
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MPW is a big problem since it shares a 90% correlation for the last couple...
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T.NWH.DB.G
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Yeah this is how i see it too, it's too defensive a sector to share beta...
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T.NWH.DB.G
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Looking like it.. it's strange bc this is/was an insane amount of premium...
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T.NWH.DB.G
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Gary the ER is tomorrow before open.. Conference call at 10AM. https:...
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