Chinese Yuan Per U.S. Dollar (Right Scale)
Source: LPL Research, Bloomberg 11/12/18
Record Net Short Position
in Treasury Futures,
10-Year Yield Closes at 3.10%
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Net Positioning (Number of Contracts)
10-Year Yield vs. LPL Research's Year-End High
New Orders of Nondefense Capital Goods (Excluding Aircraft)
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Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
The term Futures refers to future contracts, a financial contract obligating the buyer to purchase an asset (or the seller to sell an asset) at a predetermined future date and price. Contracts detail the quality and quantity of the underlying asset, and are standardized to facilitate trading on a futures exchange. Futures are used to either hedge or speculate on the price movement of an underlying asset, such as a physical commodity or financial instrument. U.S. Treasury Note and Bond Futures are listed for trading on and subject to the rules and regulations of the Board of Trade of the City of Chicago, Inc. (CBOT). CBOT lists futures on Treasury securities covering a broad set of maturities, including the benchmark 10-Year Treasury Note futures.
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