This morning’s jobs data confirms that the U.S. economy is back to sort of healthy pre-financial crisis levels. While I am happy about the number I remain skeptical of our ability to reach escape velocity …
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All eyes are on the FOMC’s policy statement due out this afternoon and if you were to read the financial press over the last few days you would think that the fate of the entire …
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Earlier, Enis highlighted the sharp move lower in the IYR, the iShares Real Estate etf. It is down about 4% on the week and 2% today alone. Obviously, the move in rates this week is …
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After a brief decline last week, Treasury notes and bonds have rallied the past 3 days and are back near 1 year highs. Traders have commented that even new all-time highs in the S&P 500 …
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On Friday we detailed how we were looking to “fade” the fear trade in U.S. Treasuries (read here: Name That Trade $TLT: Bonds – From Russia With Love) in the event of another spike and a …
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About a month ago, we wrote a post about how volatility metrics throughout global financial markets were all near all-time lows: Even NPR’s Morning Edition is highlighting the VIX. As CC pointed out to us this …
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A couple weeks ago I made a bearish bet on Treasuries (below), via TLT puts when the etf was $113, or about 1% lower. Since then the Sept 112 puts that I bought for 1.90 …
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Since last week’s stronger than expected June non-farm payrolls, which coincided with the lowest unemployment reading (6.1%) since Sept 2008, bonds have, in a fairly counter-intuitive manner, rallied. Measured by the iShares 20 yr Treasury etf (TLT), Treasuries are …
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Back in late May when the TLT was approaching $115 we made a contrarian bearish bet that bond yields would rise, siting the following: With the Fed’s apparent desire to tighten, coupled with what many economists/strategists /investors …
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Earlier today we laid out some thoughts on how we are considering managing our winning trade in TLT. As we consider 2 events, the ECB’s rate decision tomorrow, and U.S. jobs data Friday morning, and …
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