When the Ten Year US Treasury Note reversed course in March from near 2.62%, dropping to near 2.14% on June 6, analysts observed this with keen interest. The bond market decoupled from the stock market, the question of who was right – bond or stock market participants? More recently, when the yield dropped from near 2.42% on May 9, shedding 20 basis points, what was the cause? Sharp price adjustments over a short period of time, on a fundamental level, can indicate an un-even informational tilt to the market, where something changed investor minds. What was the mechanics? JPMorgan’s Nikolaos…
Who Is Leading The Bond Rally? The usual Suspects, Of Course
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.