Strange Combo of Excitement and Boredom

Unusual Combo of Pleasure and Boredom

Boring stuff first: there was no important knowledge, information, quantity, or volatility in the present day. Bonds gained modest floor early after which held largely sideways by the 3pm CME shut. In that sense, it was similar to most different days throughout the federal government shutdown (and fairly a couple of even earlier than the shutdown). The joy is totally as a result of outright ranges. It was the second finest shut for 10yr yields in over a 12 months and the 2nd finest for 2yr yields in over 3 years (a mirrored image of the speed minimize outlook).