Originally posted at the Stool Pigeons Wire.
The US Treasury’s 30 year bond auction didn’t go so well yesterday, unsurprisingly. It immediately reminded me of this song from yesteryear.
I’m back in the channel again
Out where the trend is your friend.Where the longhorn cattle feed
While they’re out there smokin weed Back in the channel againRidin’ the tradin’ range of fate
Buyin’ my 4.48 Where you fear you will be late So you buy at any rate Back in the channel againWhoopi-ty-aye-oh
Rockin’ to and fro Back in the channel again Whoopi-ty-aye-yay The yield will go its way Back in the channel again