Short Term Trading Member Forum

[techcharter]

ABX now 66c on the dollar.

This reminds me of the how the BBB bond index acted relative to the 10 yr US Treasury in the 1930's Depression. Corporate bond crashed out of fear of default while the 10yr US Treasury rallied. That's where we are now. In the future I would expect to see a huge selloff in the treasury, not out of inflationary fears, but from having nothing else to sell to raise cash to pay debt.