Futures Momentum Model Signals – Number of Bond Sell Signals Increase
By Bilal Hafeez and Ben Ford
(2 min read)
• All bond models signal net-sell.
• All equity models continue to signal buy for the sixth week.
• Over the past three months, the best performing bond and equity model has been the one-month lookback for gilts (3.5%) and the twelve-month lookback model for the Nikkei.
This week’s release of the Federal Reserve minutes for the 3 November FOMC meeting confirmed the possibility of a faster taper announcement in December. This has seen US yields rise, especially at the front end. Meanwhile, euro area and Chinese COVID-19 restrictions tightened on rising cases and hospitalisations.
• All bond models signal net-sell.
• All equity models continue to signal buy for the sixth week.
• Over the past three months, the best performing bond and equity model has been the one-month lookback for gilts (3.5%) and the twelve-month lookback model for the Nikkei.
This week’s release of the Federal Reserve minutes for the 3 November FOMC meeting confirmed the possibility of a faster taper announcement in December. This has seen US yields rise, especially at the front end. Meanwhile, euro area and Chinese COVID-19 restrictions tightened on rising cases and hospitalisations.
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