Lions and friends..
As you know, I am a shareholder of PDBC.
Many of you are concerned about the fact that PDBC holds short term government debt/treasuries. PDBC does this as to park cash as it rolls into commodities futures contracts.
As of this post PDBC is under pressure along with crude oil, gold, and silver.
PDBC is volatile! So if you choose to put any cash to work in PDBC, expect volatility.
GM
IM AM NOT SUGGESTING THAT ANYONE SHOULD BUY OR SELL ANY SHARES OF PDBC OR OF ANY OTHER SECURITY.
Why did JP10yr bonds get bought up hysterically overnight? Maybe because Japan's bond market is about to crash and their central bank is trying to keep their bond market alive by buying it all up.
Eeeeeeeeeeheheheheheeeeee 😈😈😂
JP10 yr Daily Chart
https://docs.google.com/document/d/1OGd6o7lKkVHpOuy6GxVtpHrQz_rHOzaucXQnBM-0wxw/edit?usp=drivesdk
Everything is under pressure despite the 10yr yield dropping...