Bonds of PG&E and Edison International broadly weakened on Monday after California lawmakers rebuffed a key provision of Governor Gavin Newsom’s plan to shift wildfire liabilities from the state’s utilities
Bonds had awesome Sell Short day. These sentiment swings are extreme!. Dogpile into resistance area, 2 days low to high, and left a giant cave to be filled.
Bonds having trouble stabilizing not because of supply but because of oil. I still think most of the rise in yields comes form oil, not supply but the 30 year as poorly timed and marketed.