The Smart Money Has Never Been This Long The Long Bond by Bryce Coward, CFA, Gavekal Capital Blog
Back at the beginning of 2014 when commercial traders were net long nearly 40,000 options and futures contracts on the US long bond it marked the peak in yields and preceded a 13 month rally in bonds that took 30-year treasury rates from 4% to 2.25%. Just recently the commercial traders, AKA “smart money”, were net long about 61,000 contracts, or 50% more contracts than the peak in 2014. If recent history is any guide then a 1 handle on the 30-year treasury bond could be a reality!
Gator Financial Partners letter to investors for the first half of the year ended June 30, 2022. Q2 2022 hedge fund letters, conferences and more Dear Gator Financial Partners: We are pleased to provide you with Gator Financial Partners, LLC’s (the “Fund” or “GFP”) 1st Half 2022 investor letter. This letter reviews the Fund’s 1st Read More