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Maybe they used the holiday and the low volume??
I don't know. All seems quiet now on the US bind market.
Maybe the ECB bought up the USTs??
I don't know. Since you brought it up the other day I guess it's still possible that this move is coordinated. Markets worldwide seem quiet.
Nearly too quite
The fed is meeting this week. Perhaps a surprise, shocking rate cut comes on Wednesday? I honestly can't imagine that, but it certainly would seem like a coordinated move.
Cutting into re-accelerating commodity prices... madre mía
Yes it is a very good moment to intervene. But they have not confirmed to be an intervention. They can only confirm it next month I think. It certainly looks like they did something, but they can do much more. They still don't like it above 150.
Either that or just a crazy short squeeze. Apparently it was getting pretty lopsided.