INTEREST RATES SURGING
Interest rates are surging both short term (Eurodollars) and long (30 Year T-Bond
check it out:
I am short the June 2025 Eurodollar: https://futures.tradingcharts.com/chart/GE/65?anticache=1601925272
I just shorted today the December 2020 T-Bond: https://futures.tradingcharts.com/intraday/ZBZ20
Interest rates have been kept artificially low due to extended Federal Reserve Quantitative Easing purchases. Recent announcements by the Fed that they are easing back on such purchases could be the reason for todays action. I also suspect that the US election is close enough so that rise in interest rates is unlikely to have much impact on voting trends- meaning the Trump Administration is easing pressure of the Fed to continue holding interest rates down.
I recommend sale of all bonds or bond funds with a maturity of greater than- say 2 years.