Extremes In Bond Market Sentiment

Extremes In Bond Market Sentiment

3 Quickfire charts on US bond market sentiment… some of these sentiment charts are clearly at an extreme – and that’s usually when you go looking for contrarian signals.  But then I look at a lot of charts on the bond market and it’s quite easy to make a case for a major trend change.

[REITs]

Q3 hedge fund letters, conference, scoops etc

  1. Speculative futures positioning: The standout here is speculative futures positioning in the 30 year… gone from around neutral to extreme short.  Total capitulation.

Extremes In Bond Market Sentiment

  1. Stocks vs Bonds futures positioning: This one shows were equity vs bond market futures positioning lies right now – notice how the gap is at a record high.  Traders are doubling down on growth/inflation here.

Extremes In Bond Market Sentiment

  1. Bond mutual fund flows: Last one shows a massive lurch in bond fund flows, with net-outflows the most extreme since the taper tantrum.

Extremes In Bond Market Sentiment

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Article by Top Down Charts


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