It's Now a Currency War

[GDR]

https://globalnews.ca/news/3641771/sears-canada-pension-plan/

The share of pension plans that wouldn’t be able to meet their obligations regardless of what happens to the parent company is a whopping 73 per cent in Ontario. Quebec could not provide a similar estimate.

If we want to sell govt debt we have to match US rates. Pensions are required to own bonds. They're bleeding to death. Fed has said the rest of the world is on its own, they are normalizing rates for their pension funds.

So I guess it has to start somewhere for higher rates. I would assume that pension funds would hold a large portion of long term bonds, higher interest rates will actually make them worth less. On the opposite side, I assume Gov debt has a mix of maturity terms and will take a few years to really feel the increase, perhaps about the time of a new governing party left to do the dirty work of balancing the books

[farming101]

95.16 on DX is my weekly line in the sand. Looks like a turn point on all the macro markets. 510.25 is required on front month chi wheat on close Friday. Anything less and grains are looking like an Oct low

ZWU18 is 510.75 @ 9:57 eastern
Keep powder dry

[macdon02]

ZWU18 is 510.75 @ 9:57 eastern
Keep powder dry

Done deal as far as the turn being made imo. This rally is gonna take some patience but it'll be worth it. Expect ALL markets to reverse trend