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January 26, 2007


Long Bond Moves to New Relative Low

Bonds have been a crappy place to be for a good long while, and they’ve now moved to the lowest level (relative to the S&P 500) since the TLT (the handiest way to play the long bond) came out back in 2002.

tlt

This entry was posted on Friday, January 26th, 2007 at 10:36 am (utc+8) and is filed under Bonds.

5 Responses to “Long Bond Moves to New Relative Low”

  1. Eyal said:
    January 26th, 2007 at 5:29 pm

    So what does it mean for now and going forward?

  2. C. Maoxian said:
    January 26th, 2007 at 7:48 pm

    Eyal: It means the long bond sucks and we can assume future suckage as well, unless the trend reverses of course (like it almost did last July).

  3. Eyal said:
    January 26th, 2007 at 7:52 pm

    Thanks. Sometimes I get confused between that and the “you gotta buy’em when they ain’t” approach :) Btw, the ETF tables are sorely missed, maybe a members section..?

  4. C. Maoxian said:
    January 26th, 2007 at 7:59 pm

    Eyal: True, at every “buy ‘em when they ain’t” time the trend looks awful, but remember that BEWTA is based on the sentiment being truly horrific which leads to deeply undervalued goods… who can say if US T Bonds are undervalued?

    I’m opposed to members-only stuff and am a big fan of free (as you know from long personal sacrifice, lol) … but if you’re dying to know how something in particular stands, just drop me an email.

  5. Eyal said:
    January 26th, 2007 at 8:03 pm

    I see your point about the undervalued. Lol. Thanks, again.

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