What's Going on in the Bond Market?

Last week we were testing the two thousand 20 his, and we were well above two thousand on the upside. Here we are traiding around 19 forty three at the time of recording. We never even got to a new alltime hih on this cycle, despite the fact that before the russian news came out, we were fairly close to it. So i think old continues to under perform on every imaginable front compared to what its pundits thought it was likely to do under different economic conditions. And there certainly have been better hedges, like copper, that made more sense than gold in this market.