$TLT Long or short?
Last week, the bond markets were a bit volatile, and the US10Y broke below the support ~98. Fitch Downgrade, JP govt selling US treasuries were other catalysts. The US CPI (Y/Y) Jul: 3.2% (est 3.3%; prev 3.0%) also showed inflation easing ...
So, what do you expect?
Case (a) false breakdown, and bonds rallying in the coming months?
or
(b) inflation surprises on the upside for the later half of 2023 would further add to the bond market selling and hence higher yields?
So, what do you expect?
Case (a) false breakdown, and bonds rallying in the coming months?
or
(b) inflation surprises on the upside for the later half of 2023 would further add to the bond market selling and hence higher yields?
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