We used to have fun commenting about the bond market, including Treasuries, Mortgages, Municipals, and Corporates. But that was before the dark times. Before deleveraging. Contact the Author: accruedint at gmail.com
Tuesday, January 30, 2007
TIPS redux...
I wrote about how much I hate TIPS recently. My opinion on them is less about trading and more about fundamentals. Capital Spectator has a post today on the subject, which is a pretty good one. Unlike my commentary, they have some trading ideas. I think if you read my piece and their piece together, you can see where I'm coming from, but you can also see that even if the long-term fundamental value is poor, trading opportunities can always arise.
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I say if the Fed isn't cutting, the curve should be severely steeper. Take a look at my post from last Wednesday.
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