Despite the reversal (lower) in stocks, bond prices are tumbling (yields surging) this morning, seemingly catalyzed by yet another sudden surge in crude oil prices. Algos appear to have read comments on shale production coming back as bullish – well if they are producing more, there must be more demand right? At the same time – starting around 530ET, stocks are bonds began to both sell off, unwinding the post-Fed "QE Trade" bounce.
Crude is rallying as bonds dump…
amid what appears like selling of US assets… (despite no big moves in USD)
As the QE Trade unwinds…
Запись Bonds Dump, Stocks Slump, Crude Jumps As “QE Trade” Unwinds впервые появилась crude-oil.top.