Duration
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Treasury futures need a duration budget before the next yield move
A higher long-end yield makes 10-year note futures useful, but only when traders define duration exposure and stop logic first.
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The Global Rates Trade Is Back And Duration Is Starting To Hurt Again
A July 1 jump in U.S. rate-hike odds is turning Treasuries, Bunds, JGBs, and Korea Treasury futures back into one macro trade. That matters because when duration takes over, equity optimism usually has less room to hide.