Five Hundred Words 11/30/2018

Friday, November 30, 2018 Daily Writing 10:14 AM Today is the final trading day of November.  Yesterday we exited our short US 10-year Treasury position as it is becoming clear that yields are struggling to keep their head over the 3.00% support level.  Although the historical volatility of the PST exchange-traded instrument was within a… Continue reading Five Hundred Words 11/30/2018

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Five Hundred Words 11/13/2018

Tuesday, November 13, 2018 Daily Writing 9:44 AM The yield on the 10-year Japanese government bond currently sits at 0.10%.  Who buys Japanese bonds?  How is it possible for yields to move lower or even be negative? Oil is down more than 7.00% today.  What is the cause of this? 4:59 PM There isn’t really… Continue reading Five Hundred Words 11/13/2018