have bond prices gone mad?
- Thread starter Poole
- Start date
10 year is going lower over the mid-term. Start building your long position, but keep in mind price direction is near random in the very-short term.
Why not a flight to cash vs bonds? Bonds have an easy 5% of risk in them. The stock market perhaps 5-10% here at most.
Just remember guys: the lower the yield goes, the more valuable the stock market becomes based on the same earnings.
Waiting to buy 1370 ES.
Usual herd-like mentality.....
oh I feel better now, its mostly hedge funds increasing their long bonds positions....
at least they are long term strategic investors, instead of speculators with a 2 week attention span (...... heh......)
and this report obviously excludes todays action and last weeks
Nov. 26 (Bloomberg) -- Hedge-fund managers and other large speculators increased their net-long position in two-year note futures to the most since at least 1994 in the week ended Nov. 20, according to U.S. Commodity Futures Trading Commission data.
``It's the trade of uncertainty within the market and the economy,'' said Sean Simko, who oversees $8 billion at SEI Investments Co. in Oaks, Pennsylvania. ``The market's definitely pricing in additional Fed cuts.''
Speculative long positions, or bets prices will rise, outnumbered short positions by 61,114 contracts on the Chicago Board of Trade, the most since Bloomberg began collecting the data in 1994. Net-long positions rose by 34,256 contracts, or 128 percent, from a week earlier, the Washington-based commission said in its Commitments of Traders report.
Benchmark two-year notes rose today, with the 3.62 percent October 2009 note up 11/32 to 101 12/32 in New York, according to Cantor Fitzgerald LP. Its yield fell 19 basis points to 2.88 percent at 4:39 p.m. in New York. A basis point is 0.01 percentage point.
Two-year note futures rose today, gaining 0.3 percent to a price of 105 11/32.
Each Friday the CFTC publishes aggregate numbers for long and short positions for speculators such as hedge funds and institutional investors, as well as commercial companies that buy or sell futures to protect against price moves. Analysts and investors follow changes in speculators' positions because such transactions can reflect an expectation of a change in prices.
at least they are long term strategic investors, instead of speculators with a 2 week attention span (...... heh......)
and this report obviously excludes todays action and last weeks
Nov. 26 (Bloomberg) -- Hedge-fund managers and other large speculators increased their net-long position in two-year note futures to the most since at least 1994 in the week ended Nov. 20, according to U.S. Commodity Futures Trading Commission data.
``It's the trade of uncertainty within the market and the economy,'' said Sean Simko, who oversees $8 billion at SEI Investments Co. in Oaks, Pennsylvania. ``The market's definitely pricing in additional Fed cuts.''
Speculative long positions, or bets prices will rise, outnumbered short positions by 61,114 contracts on the Chicago Board of Trade, the most since Bloomberg began collecting the data in 1994. Net-long positions rose by 34,256 contracts, or 128 percent, from a week earlier, the Washington-based commission said in its Commitments of Traders report.
Benchmark two-year notes rose today, with the 3.62 percent October 2009 note up 11/32 to 101 12/32 in New York, according to Cantor Fitzgerald LP. Its yield fell 19 basis points to 2.88 percent at 4:39 p.m. in New York. A basis point is 0.01 percentage point.
Two-year note futures rose today, gaining 0.3 percent to a price of 105 11/32.
Each Friday the CFTC publishes aggregate numbers for long and short positions for speculators such as hedge funds and institutional investors, as well as commercial companies that buy or sell futures to protect against price moves. Analysts and investors follow changes in speculators' positions because such transactions can reflect an expectation of a change in prices.