BOE panic panicked the European markets but gives turnaround to US

TNX returned from 4% ... now down to 3.75

2-yr Tr 4.3%

30 year heading to 8%

market beats its June low today ..!

 but is she ready to turn around ..?

life in financial world

Market had been waiting for the bond bubble to burst over 10 years and it happens in 2022 ..!

FOMC - feds raised rates by 0.75%

pre-FOMC

  2 years touches 4% ; from a 0.25% an year ago ..!

 10 year at 3.6%, up form 1.3% an year ago ..!

 30 years go from 1.8% to 3.6% - doubled ..!

  so 2/10 is inverted; so is 2/30

 labor market showing signs of weakness across industries

  stocks on +ve note expecting 0.75% increase

post - FOMC

 2% drop followed by recovery by the time JP started speaking, as he made firm commitment to raise rates until inflation drops to 2%; & then gave up more post conference

LT go slight down while ST going up means solid inversion ... hence we are gong lower ..!

looking back last 20 years or so, Feds don't seem friendly anymore ...

I mean accommodating... so we must have messed up badly.

NFP 315K UNEMPL 3.7%

& the market got it right this time!