My observation of the bond market, indicates that bonds started to take a stronger move up with the pending election of House Speaker. That being that McCarthy was looking strong in the beginning. Yet when the votes came in and McCarthy was short on support, that the bond market has seemingly stagnated until this election of House Speaker can be resolved.
Thoughts?
I've been trading interest rates for years and I don't see the causation in this event. JMHO
i should give my sargent schultz reply... i know nothing, i see nothing.
but here is my random thought that may be way off. i think it may have more to do with the economic figures that came out today, rather than the political stalemate.
the initial gut feelings of many traders may be... inflation seems to be coming down. jobs are plentiful. maybe we will get that soft landing (?), so lets bid up stocks, and bid up bonds.
but this is weird... on some sites the buck was up strong, and on other sites it was down strong... go figure.