Rising too fast! On the eve of CPI data, the US bond yield approaches the key resistance level of 4.5%.
The overnight yield on the 10-year US Treasury bond rose to a four-month high of 4.43%, just a step away from the key resistance level of 4.5%. Once the yield exceeds 4.5%, the only barrier to reaching 5% will be 4.66%. In addition, the rise in US Treasury yields is also putting pressure on US stock valuations.
US Treasury put positions continue to rise, with US October CPI data becoming a focus of attention.
Data released on Tuesday shows that the open interest of two-year US Treasury futures has risen for the fourth consecutive trading day, indicating traders are building put positions ahead of the release of October inflation data on Wednesday.
Ishares Iboxx $ High Yield Corporate Bond Etf Options Spot-On: On November 12th, 385.2K Contracts Were Traded, With 5.39 Million Open Interest
On November 12th ET, $Ishares Iboxx $ High Yield Corporate Bond Etf(HYG.US)$ had active options trading, with a total trading volume of 385.2K options for the day, of which put options accounted for 7
BofA's Global FMS: U.S. Equity Positioning Surged to 11-year High, Sentiment Rose Post-election
Trump's proposed economic policies may not all be fully implemented? Wharton School professor: He does not want to disrupt the bull market!
①Jeremy Siegel, a finance professor at the Wharton School of Business, said on Monday that in order to avoid losing the support of stock and bond investors, Trump may not fully implement his proposed economic policies; ②he pointed out that Trump has been keen in the past to use the stock market as a measure of the success or failure of a president, and as such, he may not want to disrupt the current bull market.
"Widow's trades" are still ongoing! Last week, the TMF, which tripled its bottom in US treasuries, saw a record inflow of funds.
You bought TMF because you believed that interest rates would fall, but this trade seems to have never worked out. It has hurt many people's hearts.