Last Friday on CNBC’s Options Action my co-panelist Carter Worth made the case for a near term rally in U.S. Treasury bonds . I am not going to revisit Carter’s entire technical thesis, but his …
Continue readingSearch Results for: tlt
In case you missed it, U.S. Treasury yields have been on the rise, with the 10 year at 2.15%, above the dividend yield on the S&P 500 (SPX) for the first time in a long …
Continue readingExpectations for a Fed Funds rate increase at the November 2nd FOMC meeting aren’t particularity high at only about a 19%. For all intents and purposes, this might as well be zero, especially just 6 days …
Continue readingThis morning I had some thoughts on interest rates (MorningWord 9/14/16: Basket of Predictables). To recap, I don’t think they are going meaningfully higher anytime soon. Maybe we get back to 2.25% in the 10 …
Continue readingA little less than a month ago when the TLT. the iShares 20 year U.S. Treasury bond etf was trading $130, I expressed a bullish view on bonds, bearish view on yields in the etf …
Continue readingOn May 20th we laid out out bullish view for U.S. Treasury bonds, expressing it with a Risk Reversal in September expiration (Must Yield to Fedestrians). Here was the trade an rationale: TLT ($130) Buy …
Continue readingJust a few weeks ago, when odds of a June or July rate hike spiked on FOMC minutes that indicated a willingness for a Summer rate hike, we made the argument that it was more …
Continue readingYou know the drill by now, Fed Fund futures went from pricing about a 4% chance of the Fed raising interest rates for the first time since December 2015, and only the second time since …
Continue readingLast week in this space (MorningWord 5/5/16: Bail Bonds – $TLT) I had some thoughts on the direction of U.S. Treasury yields (below). Regular readers know that I have been fairly steadfast in my belief that the U.S. Federal …
Continue readingRaoul Pal, the founder of the Global Macro Investor, is one of the few guests we have on CNBC’s Fast Money program that connects macro dots back to the stock market in a way that even a monkey …
Continue reading