TFMR Podcast – Tuesday, August 13th

It was an unusual day for August…a month that is often remembered for boring, inauspicious, AlgoHell trading where small moves in bonds and/or POSX make huge moves in CDG and CDS. However, today was different as Comex PMs were reduced as rates and POSX fell sharply.

Could this be for “interference” from the Bank desk with CDG near ATHs and CDS at the critical $28 level? I’ll tell you what I think in this podcast and then you can decide for yourself.

The big event tomorrow will be the release at 8:30am ET of the latest CPI. What are the expectations for the numbers?…