Every time I look at this chart, I shake my head in wonder:
In what possible futures are U.S. nominal and real Treasury bonds worth so much to make their current prices so high?
Every time I look at this chart, I shake my head in wonder:
In what possible futures are U.S. nominal and real Treasury bonds worth so much to make their current prices so high?
As technicians don’t care about fundamentals, according to them, in light of the Wednesday morning news from Dubai that so shocked markets on Thursday, we can look at the charts to see at what levels the buyers and sellers acted today. The 50 day moving average in the S&P futures [...]
As noted yesterday (Look Out Below!), the sovereign debt default warning by the nation of Dubai (UAE) has caused some turmoil.
It is the excuse to send the Yen to a multi-decade highs, rally the US dollar, pressure stocks overseas, and pound the US Futures. Futures on the Standard & [...]
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Jim has run Bianco Research out of Chicago since November 1990. He has been producing fixed income commentaries with a circulation of hundreds of portfolio managers and traders. Jim’s commentaries have a special emphasis on: money flow characteristics of primary dealers, mutual funds, hedge funds, futures [...]
How to say "keep out" in futurese
MEGAN MCARDLE directs us to an interesting Slate piece on the trouble with trying to deter future excavation of dangerous nuclear waste facilities:Even if future trespassers could understand what keep and out mean when placed side by side, there's no reason to [...]
I teach the Futures & Options (financial engineering) course at the Melbourne Business School. The students find it pretty hard going (despite my world class teaching). By way of motivation I tell them that you can always tell whether a person has taken a financial engineering course because they think of risk management [...]
With the FOMC last Wednesday reiterating the continuation of their extraordinary accommodation, followed by the G20 over the weekend saying fiscal policy will also stay the same having lit fire again to the anti US$/reflation trade today, the fed funds futures can help us quantify the markets belief of what [...]
The Glide Path Option
November 6, 2009With respect to future fed policy, here is an update in the fed funds futures for what is priced in for rate hikes in 2010. Odds of a 25 bps hike by the April meeting is now down to 28% vs 54% priced in just prior to yesterday’s FOMC statement [...]
James Bianco has run Bianco Research out of Chicago since November 1990. He has been producing fixed income commentaries with a circulation of hundreds of portfolio managers and traders. Jim’s commentaries have a special emphasis on: money flow characteristics of primary dealers, mutual funds, hedge funds, futures traders, banks, and [...]
As commodity prices start rising again -- at least some -- the question of whether futures are useful indicators seems relevant. Figure 1 shows the IMF commodity price indices, as reported in the October World Economic Outlook:
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