E.Terrible

Former something. Market don't care about my CFA.

[E.Terrible @5ThalerBill]

@ethanrkho @obermattj Nonsense. I know several top students at elite institutions who have applied for dozens of internships and barely gotten a call back. If anything the market has gotten even more competitive in recent years.

[E.Terrible @5ThalerBill]

@spaghettilisbon only took them five years to surpass the never-again-in-our-lifetimes COVID spending spree... anyone else still old enough to remember "German austerity"?

[E.Terrible @5ThalerBill]

@christankerfund buy a bigger boat

[E.Terrible @5ThalerBill]

@FatMatterhorn @tleilax___ I don't disagree with the thesis but specs covered the bulk of their short late March. Positioning much closer to home now

[E.Terrible @5ThalerBill]

@joeshortsqueeze I picked the wrong day to quit sniffing glue

[E.Terrible @5ThalerBill]

A major feature of private markets is negative convexity. Investors accept the extra yield spread (the liquidity premium) to compensate for this, and should manage their book accordingly.

"Cryin' won't help ya; prayin' won't do ya no good"

[E.Terrible @5ThalerBill]

@TKL_Adam Oil price increases caused by short-term supply disruptions have far less of an impact on broader inflation than "demand-pull" price gains

[E.Terrible @5ThalerBill]

@junkbondinvest IOPIK

[E.Terrible @5ThalerBill]

Unpopular opinion: BOJ finally loses control, JGBs trade at a discount within the next 18 months, Ueda commits seppuku

[©️redit From Ⓜ️acro to Ⓜ️icro @Credit_Junk]

Hot Tokyo CPI Lifts Chances of BOJ Hike in July

Ex fresh food and energy climbed to 3.3% from 3.1%.

[E.Terrible @5ThalerBill]

@joeshortsqueeze calling me out because it traded new highs after settlement

[E.Terrible @5ThalerBill]

Outside reversal day in bonds. Posting this chart because I feel like posting this chart.
#bonds $ZB_F

[E.Terrible @5ThalerBill]

Outside reversal day in bonds. Posting this chart because I feel like posting this chart.
#bonds $ZB_F

[E.Terrible @5ThalerBill]

@joeshortsqueeze It's so awesome to read these words right now. Cheers bud

[E.Terrible @5ThalerBill]

Are we at the point yet where the Fed tries to use moral suasion to stabilize bond markets in front of an auction? Or will they wait and see how it goes first? Either way, all eyes will be fixated on the bond screens at 1pm today and tomorrow.

[E.Terrible @5ThalerBill]

Bond market seems worried about long-end auctions this week. Maybe we should be, too.

[E.Terrible @5ThalerBill]

@CRUDEOIL231 Long end auctions this week - will Beijing boycott? Primary dealers seem worried...

[E.Terrible @5ThalerBill]

Bond market seems worried about long-end auctions this week. Maybe we should be, too.

[E.Terrible @5ThalerBill]

The Fed put expired. Market now hunting for a deep out of the money Trump put

[E.Terrible @5ThalerBill]

Godspeed to the Bund vigilantes. Starting to restore my faith in German fiscal conservatism, one basis point at a time.

[E.Terrible @5ThalerBill]

Bond market participants appear to recognize this new reality. They see a Treasury Sec talking about balancing the budget and are lifting offers as they revise lower their growth and supply forecasts. I don't want to fade these flows. Also, happy month end to those who celebrate.

[E.Terrible @5ThalerBill]

A lot of people don't want to admit this but a huge contributor to growth in recent years was fiscal stimulus. It started during covid and never really stopped. But a new reality is starting to sink in, and with it comes a big shift in confidence and expectations. Bulls beware.

[E.Terrible @5ThalerBill]

A lot of people don't want to admit this but a huge contributor to growth in recent years was fiscal stimulus. It started during covid and never really stopped. But a new reality is starting to sink in, and with it comes a big shift in confidence and expectations. Bulls beware.

[E.Terrible @5ThalerBill]

@Credit_Junk Also the German elections and more talk about increased deficit defense spending, joint EUR issuance, etc