German Bunds dropped to catch down to US Bonds
Given all of the attention on German Bunds in the past two days, I thought I would graph an overlay of the US Bond market over the German Bund market. They both peaked almost simultaneously on January 30 and the US Bonds have been backing off since that time while German Bunds went back up to test those highs before rolling over.
The last two days were quite dramatic and has led to a strong "deleverage" signal to the markets and all asset classes seemed to decline into month end: bonds, stocks, and gold all fell on April 30.
There is a very tight correlation between these two markets and hopefully one market can give us a heads up for the other one.
I'm trying to trade the TLT here from the long-side and looking for signs to know when to get out. Weak economic data seems to suggest to hang in there.
The last two days were quite dramatic and has led to a strong "deleverage" signal to the markets and all asset classes seemed to decline into month end: bonds, stocks, and gold all fell on April 30.
There is a very tight correlation between these two markets and hopefully one market can give us a heads up for the other one.
I'm trying to trade the TLT here from the long-side and looking for signs to know when to get out. Weak economic data seems to suggest to hang in there.
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