Understand how big banks, hedge funds, and commercials are positioning themselves in US Treasuries. Analyze institutional money flows to identify historical extremes and gain a deeper understanding of underlying market dynamics.
The Inverse Relationship: It is crucial to remember that Treasury bond prices move inversely to yields! A massively bullish (net-long) positioning in bond futures implies that the market is expecting interest rates to fall.
The True "Smart Money": In the US Treasury market, large asset managers ("Commercials") often reflect long-term macroeconomic investment convictions, while leveraged funds ("Non-Commercials") are more likely to execute shorter-term arbitrage or speculative trades.
The 10-Year Treasury Note is the primary benchmark for global interest rates and mortgage pricing.
The 2-Year Treasury Note is highly sensitive to Federal Reserve rate decisions and near-term monetary policy expectations.
The 30-Year T-Bond is the longest-duration standard Treasury, making it the most sensitive to inflation expectations and long-term interest rates.
The 5-Year Treasury Note sits at the yield curve's midpoint, balancing Fed policy sensitivity with longer-term economic growth expectations.
The Ultra 10-Year is an amplified version of the standard 10-Year (ZN) – same maturity point on the yield curve, but with higher duration, meaning price swings are larger for the same interest rate move.
The Ultra T-Bond is an amplified version of the standard 30-Year (ZB) – it has the longest duration of all Treasury futures, so even small rate changes cause outsized price reactions. Used by institutions for aggressive rate bets.
Don't worry about rising interest rates, the well-known tech bull says.
Southwest Airlines is rated a buy with 15–20% upside, driven by a commercial overhaul yielding record unit revenue and a resilient profit mix. LUV's transformation into a merchandised airline, with...
Berkshire Hathaway remains undervalued, with a fair value estimate of $1.18 trillion, about 8% above the current market cap. Greg Abel's leadership is delivering: $10B invested in Alphabet, a $6.8B...
Berkshire Hathaway is well-positioned for higher rates, with $324.9B in T-bills repricing upward and a $177.5B insurance float funding growth. Succession concerns are overblown; Greg Abel has deliv...
Vanguard finally built a T-bill ETF to challenge the category king, and the fee story is not as simple as Vanguard fans expect. The real tiebreaker has nothing to do with basis points.
Last week we argued that gold investors should stop obsessing over limited US monetary policy moves and start paying attention to the next $1 trillion of U.S. debt.
The latest Kitco News Weekly Gold Survey showed Wall Street unanimously bullish after gold's post-Fed gains, while Main Street bolstered its bullish majority following gold's solid weekly performance.
Spot gold and silver prices are higher in late-afternoon U.S. trading Friday, with both metals holding weekly gains as lower oil prices offset part of the pressure from a rebound in Treasury yields...
Spot gold and silver prices are higher in late-afternoon U.S. trading Friday, with both metals holding weekly gains as lower oil prices offset part of the pressure from a rebound in Treasury yields...
A lot more appears to be going on in the gold market than monetary policy alone can explain, as prices continue to hold critical support heading into the weekend, even after the Federal Reserve rai...
Silver and platinum have also gained strong upside momentum ahead of the weekend.
Silver and platinum have also gained strong upside momentum ahead of the weekend.
Gold and silver rebound as lower Treasury yields, a weaker dollar and falling oil prices support metals, putting four mining stocks in focus.
Spot gold and silver prices are higher in early U.S. trading Friday, as lower crude oil prices, easing Treasury yields and a softer dollar helped precious metals extend their post-Fed rebound.
The yen extends its drop against the dollar after BOJ Governor Ueda gave mixed signals about future interest-rate hikes. The central bank lifted interest rates by a quarter point to 1.25%.
The Nikkei 225 and KOSPI advanced on Friday as falling oil prices and easing US Treasury yields revived demand for Asian technology shares, while investors absorbed another step towards tighter mon...
Silver and platinum also gained strong upside momentum.
The gold market is trading just off its session highs after the Bank of England decided to leave interest rates unchanged following its September monetary policy meeting.
Swiss federal lawmaker Andrea Caroni on Thursday said he was withdrawing his motion from the upper house of parliament to send back to the government draft legislation overhauling bank ...
France is running a 5%-of-gross-domestic-product budget deficit, with prospects of consolidation faint at least until presidential elections next April.
Publicis Groupe successfully prices EUR 500 million of bond issue Paris – September 16, 2026 – Publicis Groupe [Euronext Paris FR0000130577, CAC 40] announces that it has successfully priced its of...
Gold prices are moving higher as traders prepare for the key event of the week.
The legacy investor, who now is chairman of Berkshire after spending decades as its CEO, has believed for a long time that stocks almost certainly outperform bonds. He turned out to be right.
Gargi Pal Chaudhuri, of BlackRock, recommends investors stay invested in the artificial-intelligence sector but broaden into themes like quality and healthcare.