As crowded trades go this flight to safety into the long end of the curve and the 30 Year Bond, nicknamed Big Daddy by the bond traders, is about as jammed up as it gets. It will be interesting to see what happens with the equity markets over the next two to three months given this measure of fear and uncertainty.
30 Year Treasury Weekly Chart
26 August 2010
US Bond: Our Hearts Belong to Big Daddy
Category:
Big Daddy,
US Long Bond