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Friday, October 14, 2011, 9:48 AM Long term Treasury yields are pushing higher again as money continues to flow into equities and the economy might not be falling off a cliff. The 30 year bond is 10 bps higher to 3.25%, roughly 45 bps above its level when the Fed said it was going to lower long rates through The Twist. Treasury flattener ETN FLAT is off nearly 10% since the Fed meeting. 2 Comments [U.S. Economy]
Wednesday, October 12, 2011, 8:03 AM Treasury rates are shooting higher again - the 10 year back to August levels at 2.22%. The world may be changing, and it's not about Europe. China looks to be moving into easing mode - buying bank shares, lifting property restrictions, and trying to make credit more available. 4 Comments [U.S. Economy, Global & FX]
Tuesday, October 11, 2011, 1:20 PM DoubleLine's Jeff Gundlach, who appears to have understood - among other things - the implications of QE2 and its withdrawal as well as anybody, holds a webcast on the question, "Are Risky Assets Cheap Enough?" Printed materials here. Comment! [U.S. Economy]
Monday, October 10, 2011, 12:07 PM The bond market is closed for Columbus Day, but bond futures are trading and the long end is plummeting. The 30 year has now given up all of its post-Operation Twist announcement gains, and the 10 year price is significantly lower than it stood on September 21. 5 Comments [U.S. Economy]
Tuesday, September 27, 2011, 8:24 AM Treasury bonds are falling (yields rising) for the third consecutive day as investors rush back into risk assets. The 30-year yield is back up to 3.10%, meaning it has given back the entirety of its eye-popping rally from the 36 hours following the Fed's Operation Twist announcement. TLT -1.5% premarket. Comment! [U.S. Economy, On the Move]
Thursday, September 22, 2011, 1:09 PM "Inflation is going to absolutely melt," says uber bond bull David Rosenberg, strutting his stuff today (forgetting his boner of a call to get long stocks ahead of the Fed meeting). We haven't seen anything yet, he says, and 2% on the 30 year Treasury "is not at all out of the question." TLT +30% YTD. Comment! [U.S. Economy, Quick Ideas]
Thursday, September 22, 2011, 10:25 AM The yield on the 30-year Treasury is down the most over a two-day period since the crisis of 2008, moving from 3.00% to 2.85%. One bond trader says the Fed delivered "shock and awe" with its commitment on the long bond. "They will be buying 90 percent of the 30-year sector for the next nine months, so that’s more than anyone anticipated." Comment! [U.S. Economy]
Thursday, September 22, 2011, 1:00 AM Yields at the long end of the U.S. Treasury curve continue to sink. The 10 year is off another 5.5 basis points since the NY close to 1.80%. The 30 year drops another 7 bps to 2.93%. While the 10 year is in uncharted territory to all but The Greatest Generation, the 30 year got as low as 2.5% in late 2008. 3 Comments [U.S. Economy]
Wednesday, September 21, 2011, 4:41 PM The Treasury curve definitely shows a twist at the end of the day, with short rates up a few basis points, while yields at the long end plummet. The 30 year falls 19 basis points to 3.01%. Of interest is the Fed's decision to have 29% of its purchases in the 20/30 year maturities, a higher ratio than expected. Comment! [U.S. Economy]
Wednesday, September 21, 2011, 12:44 PM Late in the game, the consensus forecast from investment banks on FOMC action narrows in on buying in the 7-yr to 10-yr time frame in a range of $135B-$440B. Nomura comes in as the contrarian, calling for balance sheet expansion - instead of "disruptive" front-end sales. Comment! [Financials]
Wednesday, September 21, 2011, 12:22 PM Bonds are rallying ahead of the Fed policy statement, with the 10-year yield returning to its multidecade low of 1.90%. One bond veteran believes the move is a short squeeze, nailing those who got into a "buy the rumor, sell the news" trade a little too early. Comment! [U.S. Economy]
Wednesday, September 21, 2011, 8:42 AM A report that net speculative long positions in Treasuries has fallen off a cliff draws wonder from David Adler, given the Fed is likely to announce today an operation to lower long term rates. However, with the 10 year falling 125 basis points over the last 3 months, it's likely traders have had their fill of frontrunning the Bank of Bernanke. Comment! [U.S. Economy]
Thursday, September 15, 2011, 9:59 AM Li Daokui, a top adviser to the PBOC utters the words "liquidate" and "Treasuries" in the same sentence, reports Ambrose Evans-Pritchard. The news is not necessarily bad for the U.S., as Mr. Li says there are trillions waiting to be invested in "real" American assets. For buyers of Treasuries yielding less than 2%, however, "there is a big seller out there, just itching to let go." Comment! [Global & FX, U.S. Economy, Tech, Consumer]
Wednesday, September 14, 2011, 1:37 PM "Taxpayers are smart and know that any fiscal bone thrown at them today will most likely be snatched back in the future," say analysts from RBS, explaining the shortcomings of fiscal stimulus. "Operation Twist?" Sure the Fed can do it, but don't look for the economy to benefit. Instead, get on board and buy long-dated Treasurys. 2 Comments [U.S. Economy]
Tuesday, September 13, 2011, 5:18 PM Julian Robertson doesn't like the macro picture, telling CNBC, Europe is in a "state of financial collapse." Turning to the U.S., he loves big cap tech, particularly Apple (APPL) and Google (GOOG). "If this were the 1980's Apple would be selling at 3 or 4 times what it is now. The multiple it is now is almost ridiculous." 1 Comment [Tech, Global & FX, Quick Ideas, U.S. Economy]
Friday, September 9, 2011, 12:27 PM The 10 year U.S. Treasury yield dips to 1.896%, the lowest rate in at least 60 years. The German 10 year Bund - at 1.77% - is also at a record low. Since its introduction in late March, the German Bund ETN BUNL +13.6%. Comment! [U.S. Economy, On the Move]

TBF ProShares Short 20+ Year Treasury ETF

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ProShares Short 20+ Year Treasury ETF