Bond Futures

Quote from MDTrader:

I am interested in Bond futures trading. Can someone suggest a broker for electronic on line trading with low commisions?
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Interactive Brokers
 
Doc, I agree. This area is very good to begin building a long position, IMO. I can see a bounce from this area back to perhaps the 115 area on the not too distant future...
 
Why are the quantity of open call options exceeding open put options on the 30 year bond futs and TLT? Wouldn't this be considered an expression of optimism rather than fear?

It also appears that the quantity of TYX (interest rate) open put options exceed open call options which seems to confirm the expectation that rates will fall and bond prices will rise.

Is a contrarian stance generally inappropriate for the bond market or would this time be an exception?
 
Quote from Hugh G Recshun:

Why are the quantity of open call options exceeding open put options on the 30 year bond futs and TLT? Wouldn't this be considered an expression of optimism rather than fear?

It also appears that the quantity of TYX (interest rate) open put options exceed open call options which seems to confirm the expectation that rates will fall and bond prices will rise.

Is a contrarian stance generally inappropriate for the bond market or would this time be an exception?
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P/C ratio is often a great contrarian indicator but probably not an appropriate gauge of sentiment in this case. Note futures have 200k more calls open than puts therefore making the total OI of bond/note opts combined about even. Also a common strategy of fixed income funds is to sell out the money bond calls as a yield enhancement strategy. There have been rallies where some of these funds (Putman mid 90's) severely under performed the Lehman Treasury index because a large portion of their longer duration portfolio was called away during the midst of a rally.
 
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