Bonds started to rally, 10 yr was down 2, but now down 5 bips. The dollar selling off a little.
Nothing to write home about yet, especially for some of the silver shares that are still down, but the slightest glimmer of light.
If bonds can gain some momentum, I’m sure there are more than plenty of shorts in the bond market ready to be squeezed. Fed funds rate is at 4%, well below the rate on the 10 yr., there’s plenty of room for them to fall.
But I digress, that’s a lot of hopium! 🙂