Bond gyrations
bonds gyrating madly to maximize vig and stop out - up 5 full pts last week, down 4 full pts this week. using friday closes. hats off
what is difference between an open position and a closed position in markets and board games and how should you adjust your play accordingly? how to define?
and with all the gyrations bonds have moved from (say) a 1.4% a year inflation forecast to a 1.5 % a year forecast. if these forecasts are too low, which probably they are quite accurate, then purchasers of bonds would be going into probable losses in real money terms.