Halister News

(Bloomberg) -- “While we maintain a buy-the-dip mentality from a core positioning view, our discipline tells us to be better sellers on upticks from a trading perspective given that the moving averages are in a negative cross now and because yields are above them,” independent strategist Marty Mitchell says in note.

• “Yield curve is showing a corrective steepening bias as the street preps to bring $32bln of fresh 10yr and 30yr supply to market”
• Other observations from strategist morning notes:
• BMO (Aaron Kohli): “Diverging monetary policies continue to support relatively higher yields and a steeper curve in the US vis-à-vis Japan”
• CRT (David Ader): “We don’t find ourselves looking for an immediate give-back of the gains, but rather a consolidation as the market works through the supply and looks for stabilization in risk assets”