Running_Man
Thinks s/he gets paid by the post
- Joined
- Sep 25, 2006
- Messages
- 2,844
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Greek 10 year bond about to fall beneath US 10 year Bond, In the world's eyes right now Greece is a better bet than the US for government issued debt.
That's some pretty big hopes, at least if my recollection of how bad the Greek economy was recently. Or maybe it says something about the US economy, in relative terms?LONDON, July 8 (Reuters) - Greek bond yields hit new all-time lows on Monday after a weekend election saw Greece’s opposition conservatives return to power with an outright majority, sparking hopes of a renewed focus on strengthening the country’s economic recovery.
That trend isn't looking too good at the moment!
So next week the FED cuts interest rates 50 basis points - if they don't cut 50 basis points, the markets much like December 2018 will quickly inform them of their mistake. Ironically I am expecting the US dollar to explode out of this rate cut. I think this is the biggest week in FED history, yet totally under the radar, since the decision to let Lehman go bust. The continued rise in equities is keeping the eyes off the spectacular issues with the complexities of the international markets and continuing financing of all the world's markets. I am going to love to see how this comes off. US 10 year bonds will not long stay above Greece 10 year bonds. It changes this coming week.
Does the FED admit their mistake and make an unscheduled cut, they are allowing the inverted curve get away from them?.