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"Bond Bears Have Had Their Fun": Why One Trader Expects A Sharp Move Lower In Yields Next

"Bond Bears Have Had Their Fun": Why One Trader Expects A Sharp Move Lower In Yields Next

Having correctly predicted the dovish relent by the ECB's QE taper announcement last week, whose explicit "open-endedness" appeared to surprise many of his hawkish Wall Street colleagues, overnight Bloomberg macro commentators Mark Cudmore looked at bond yields and concluded that "bond bears have had their fun", as "almost all upcoming risk events are skewed to drive 10-year Treasury yields lower rather than higher."

S&P Futures Slide After Chinese Stock And Bond Rout; Spain Rebounds, Dollar Drops

S&P Futures Slide After Chinese Stock And Bond Rout; Spain Rebounds, Dollar Drops

U.S. futures slid 0.2% as investors await a barrage of announcements including Wednesday's Fed decision, Friday's jobs report and, most importantly Trump's imminent announcement of who the next Fed chairman will be, although after the latest trial balloons, Jay Powell is now largely priced in. Asian equities edged modestly higher despite a tumble in Chinese stocks and bonds with Japan's Nikkei closing 3 points in the green, while European shares hold steady after concerns eased about the Catalan crisis with no notable developments over the weekend, pushing Spanish stocks and bonds higher.

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