Bonds Analysis & Opinion

A quantitative run through of the Swedish Fixed Income market, starting with the Riksbank and Money Markets before moving on to government and mortgage bonds. To Read the Entire Report Please Click on...

U.S. 10-Year future correction phaseAlthough we remain bullish for the second half of August, we stated in our last report that “early this week, however, the intraday setback Friday likely...

In Sweden, the week ahead has only one data point of interest: the labour force survey (Thursday at 09:30 CEST), including hours worked, employment and the unemployment rate. In the government bond...

The 10-Year government bond yield in Japan is now around 0.5%, following an almost linear decline that started in 2006. The only way to rationalize buying 10-yr JGBs at 0.5% is believing that Japan...

Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note U.S. 10-Year Treasuries: Large futures market traders and speculators edged their net bearish bets higher in the 10-year treasury...

Although we would never dispute that markets often pivot on external catalysts, as we noted recently (see here) - they often are just instigators of larger forces at play. For every time that it's...

ReviewThe trend for lower long bond yields has continued among rising geopolitical tensions and the view of lower terminal rates from central banks. In the meantime, short-end rates in the US and...

The Germany 10-Year yield dipped below 1.0% briefly Thursday for the first time, encouraged by the unexpected contraction in Germany's Q2 GDP. Ideas that the area's stagnation in Q2 coupled with...

Bund bottomed exactly at immediate support of 149.10/05 as expected and rocketed to retest Friday's all time high at 149.84. We topped almost exactly here and of course if this level holds today we...

Gilts hit the 111.66 target and rocketed through 112.21/26 to our target of 112.46/51. A break above 112.60/62 today could then lead to a retest of Friday's high and resistance at 112.80/85 which is...

Ten-Year Government of Canada Bond bottomed just above the next downside target of 137.30 and shot straight back up to 138.05/10 resistance for a selling opportunity with stops above 138.20. So far we...

The hefty cross market moves in linkers/BEIs seen over the summer offer a very good opportunity to position for tighter front-end BEI boxes/real rate spreads. We recommend buying OBLi 2018 versus...

Ten-Year Government of Canada Bond topped exactly at 138.05/10 resistance to hit good support at 137.57/54 for a buying opportunity, with stops below 137.40. So far we have bottomed at 137.44 but will...

Bund resistance at 149.50/55 held perfectly again yesterday. Below 149.40/35 adds pressure today and risks a slide to immediate support at 149.10/05. This could hold the downside but below here today...