The team put out a piece this week titled Shorting the Long End of the Yield Curve.
I can't pretend to understand the first thing about interest rates, how or why they behave the way they do, nor how their moves in relation to each other mean certain things. Thankfully, I don't need to. I just need to follow price.
And right now, price is signaling loud and clear that we need to take a short position in some of these bond vehicles.
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