Wednesday, September 17, 2008

Bond Trouble

I'm watching the bond market extremely closely now and I see that the U.S. 3-month T-bill is trading with a yield of 0.0456%. The 3-month T-bill is about to collapse and the 6-month T-bill is right behind it.

If the yields on the major bonds like the 2-year, 10-year, and 30-year continue to plunge we could be looking at an emergency Fed rate cut situation happening.

As I said earlier, do not get into new dollar long positions. Stay out of the dollar. I am not letting EUR/USD shorts that are in profit go into drawdown, I have +1'd all profitible shorts that are in this market range.


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