Bond traders speculate that the bond “lull” won’t last long–and that yields will spike again

Bond traders speculate that the bond “lull” won’t last long–and that yields will spike again

A significant number of bond traders are betting that the calm in bond markets won’t last. Short interest in the $14 billion iShares 20+ Year Treasury Bond ETF (TLT) has climbed to about one-fifth of shares outstanding, the highest since early 2017, according to IHS Markit. Bearish bets, Bloomberg reports, have risen from just 7% at the start of 2021.

Stocks wait on tomorrow’s June jobs report–the bond market looks increasingly volatile

Stocks wait on tomorrow’s June jobs report–the bond market looks increasingly volatile

Today it looks like the financial markets are holding their collective breath waiting for tomorrow’s official jobs report for June. As of 3 p.m. New York time the Standard & Poor’s 500 stock index was down a slight 0.23%. At least that’s the impression an investor gets looking at the U.S. equity markets. But in the bond market, which I’d argue is more important than the market for stocks right now, there’s considerable turmoil not so far under the surface