Good day to be buying bonds... any of my fellow yield grubbers out in effect today?

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Why was it a good day to buy?

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Rates have held two days above 3.00% (10-yr TSY), which has been a hard resistance level for the entirety of the year since touching 3.10%. China’s lower-than-anticipated tariffs helped buoy the stock market and reduce fears of drastically higher input prices (inflation), which caused bonds to sell off. Also, in munis a few large deals hit the market today flooding us with supply, so both taxable and tax frees went on sale today

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Get axe’d big homie!

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Interesting. But why would yields come back down after breaking resistance?

3.00% has been a resistance SINCE we touched 3.10% earlier this year.

So, you’re saying 3.10% is the new resistance level?

Who buys bonds?

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