Going nowhere, FAST!
2Y & 5Y down... but markets aren’t reacting.
We've got the 7Y treasury auction up next!
Despite the bond market convulsing at the thought of financing Trump-Netanyahu’s war on Iran, the equity market is still hanging in there - even as headlines fly from US-Israel that a cease fire is near. And despite repeated attempts by Iran to dismiss.
Premarket:
This afternoon:
2:09 PM ET:
Israel’s working assumption: Trump may announce a ceasefire by next Saturday, according to Israeli reports.
3:24 PM ET:
There are no talks going on with the U.S., according to Iran’s foreign minister.
Bulls are betting all will be well; Bears are waiting for the next shoe (or auction) to drop:
From this morning’s live trading room: what’s working right now!
