10-year, 2-year yields fall to lowest levels since September
Let's get to the bond market now. It's been all the talk as we're closely watching some key levels, especially on the tenure Rick Santelli. What are they? Yes, key levels in the tenure if we close above 347 and I'm not sure that's even possible at this point But that would be a positive below the market right around 323 is very solid support, but do keep in mind these price are moving around like commodity prices like crazy wheat prices in the heat of the summer Big ranges liquidity sometimes an issue this morning 945 Eastern service sector was better. It reversed rate higher look at two year It was over 5% this month and if you look at 10s, they were over 4% this month But go back to October. They never traded over their fall highs HYG high yield ETF not keeping up with the investment grade LQD and that differentiation of credits important When was the last time you saw people avoiding banks moving into corporate? Hey, let's go see what Dave's up to Dave David yeah, Rick. All right Dave. We're on camera here.
It's been a crazy week. What do you see? There's panic. There's panic in the air people want these zero-day options They want options expiring near term because they never know going into a weekend Friday You don't know what's gonna happen. You know when they say we have everything under control. Don't worry. What usually happens exactly And it always comes out on a Friday afternoon They wait till the markets close down give people time to kind of relax and adjust the news and then all the sudden then Monday comes around You know many are pointing out and me included that when you look at the big VIX it barely touch 30 It's well below that point you think zero-day options have taken a little of the thunder away from the historic relevance of VIX Absolutely because they're always constantly exploring and so there's there's that premium that Where you'd before hold an option for a month or two well that's that that option's expiring in a couple days fun futures They're very good. It's a wonderful contract, but I personally say it's just like a T-bill market when things get nuts It's pricing and eases your final thoughts Do you really think we're gonna see the Fed pause pause and then start to ease absolutely? They kind of have to they're forced here if there's a real banking situation Politicians the media they'll tell you everything's okay, but if there's a real banking situation They can't keep raising it's always interesting to get your opinions Dave never great weekend Tyler back to you Right love that man not enough energy there not enough energy love it.
CNBC, Business, News, finance stock, stock market, news channel, news station, breaking news, us news, world news, cable, cable news, finance news, money, money tips, financial news, stock market news, stocks