Research: Oil Options Skews, U.S. and China Policy Impacts on Gold

Taking Cues from Oil Options Skews, U.S. and China Policy Impacts on Gold By Erik Norland, Senior Economist, CME Group Oil: Are Options Skews Reliable Price Indicators? Out-of-the-money oil options skews signal fears of a slump 90% of the time Gasoline, ULSD markets also showing significant downside concerns Market slump fears are fueled by surging … Read More

Interpreting the U.S. Bond Rally

Interpreting the U.S. Bond Rally By Blu Putnam, Chief Economist, CME Group Highlights U.S. 10-Year Treasury yields have declined from 3.2% to 2.2% since Oct 2018 Are low yields a signal of a coming recession, or just decelerating growth? Subdued inflation is diminishing risk premium in bond yields Zero German and Japanese bond yields are pulling … Read More