SHORT THE 30 YEAR T-BOND

Today’s report of the lower CPI (@ 5%) was initially greeted by buying in Treasuries across the board. However at a time when later in today’s session, while the shorter term 2 Year Treasury notes contract REMAINED UP 38/256 to 103 99/256, the 30 Year T-Bond contract had actually TURNED LOWER by 4/32 to 132 8/32! I think it probable that this action (th…