One would think this morning’s ice-cold PPI numbers would send bonds rocketing higher. Nope, the five-year bear market in bonds (I say again – -why can’t we have a world in which I can type those words about the EQUITY market??) continues apace, as vividly illustrated by the fund TMF, which is the leveraged bullish fund.
It’s especially remarkable how much volume has picked up on this collapsing beast.
