This is exactly the strategy but it is failing miserably.
The reason for the pivot was because the 10-30 year yields didn't come down, the price on the 30 year got crushed. The 30 year almost went back to the lows.
There was literally no flight to safety. Completely the opposite.
The reason for the pivot was because the 10-30 year yields didn't come down, the price on the 30 year got crushed. The 30 year almost went back to the lows.
There was literally no flight to safety. Completely the opposite.