Notes and Bond Recover Some Composure

January 23, 2017 5:18AM CST

The Trump administration's rocky weekend has helped put some pressure on the dollar, and triggered a bit of risk off of buying in coupons to start the new week. His promise of higher growth, which has brought such a jar to the markets post-election, is still lacking any serious details. This has left some hedge funds who have placed big bets on higher rates a little nervous about holing these positions. CFTC data has levered funds, holding record speculative positions as institutional buy, and holders have begun to look at the big rise in rates as an opportunity to add to core long term holdings. Of course the correct view is up in the air for now awaiting new data and new political news. You can reference this week's economic calendar here . As you take notes, keep in mind that presidential tweets and news interviews might be the real driver of price action for the week and near future.

10 yr Treasury Daily

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