01:15 The Bank of England: the selling price of index-linked Treasurys will not be allocated if the real yield is below the level observed at Monday's close. At the end of index-linked bond purchases, most bids above the market median yield are likely to be accepted. The minimum yield will be set for temporary purchases of index-linked government bonds.
01:09 The Bank of England: intends to buy index-linked gilts with a maturity of three years or more.
01:05 The Bank of England: it will be ready to buy up to £10 billion of government bonds a day.
$USD (USDindex.FX)$ initially started dropping with treasury yields in the US and in England when the news started releasing.
Moomoobo : Implying a rebound of equity due to dollar drops is coming?
SpyderCall OP Moomoobo : possibly for the short term. The fed is going to release meeting minutes Wednesday and people are expecting that to help the dollar. so this could just be a pump fake. but definitely keep an eye on the monetary and fiscal policies world wide
SpyderCall OP Moomoobo : I would not go long in the markets just yet
Moomoobo SpyderCall OP : Not Until This week is over ? Many key events this week
Moomoobo : Can’t Think of reasons for market to rally From the cpi and fomc . Bearish Sentiment through Out
SpyderCall OP Moomoobo : agreed
SpyderCall OP Moomoobo : SPY is really trying to go green today. interesting
Ben 23 SpyderCall OP : $Dow Jones Industrial Average (.DJI.US)$ closed green today. probably very closed to the covid highs. I am thinking what is the best way the market is trying to wreck the bulls and bears. Maybe a rally on cpi to flush the bear and trap the bulls then the final push down to covid highs for SPY and NQ
Ben 23 : But they have to do it pretty soon cos option expiry coming next Friday.
SpyderCall OP Ben 23 : Those greedy market makers do it like that every time. especially if there is not enough liquidity to pay out those gains. they must pump and dump to get some liquidity
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