Only Limited Flight to Quality Buying in 30-YR T-Bond Futures


U.S. stock index futures are lower today due to concerns about the health of the tech sector after quarterly results for some large companies disappointed.

September personal income increased 0.9% when a gain of 0.3% was expected.

The 8:45 central time October Chicago PMI is anticipated to be 58 and the 9:00 October consumer sentiment index is estimated to be 81.2.

Increased volatility, in light of the uncertainties of the U.S. November election, is a good reason to reduce trading size or stand aside.


The U.S. dollar is lower, and the euro currency is higher on news that the gross domestic product for the euro zone expanded by 12.7% in the third quarter, compared with the previous three months. Analysts had expected growth of 9.4%.

The German economy posted a record expansion in the third quarter in output. The country’s gross domestic product increased 8.2% compared with the previous quarter. Economists forecast a 6.8% expansion.

The British pound is higher as investors hoped that some kind of trade agreement between the U.K. and the E.U. could be secured by early November, after the European Commission president said on Thursday that negotiations were making good progress.

The Japanese yen advanced against the U.S. dollar as investors moved into the safe-haven yen ahead of the U.S. presidential election next week.

The Australian dollar is higher after a report showed Australia’s final demand producer price index advanced by 0.4% quarter-on-quarter in the three months to September, after a 1.2% fall in the previous period.


Sharp declines yesterday for futures took place on news of a poorly received seven-year note auction.

Limited safe-haven buying is coming into the interest rate futures markets today in light of concerns over the state of the global economy, uncertainties surrounding the U.S. November elections and lower stock index futures.

Financial futures markets are predicting there is almost a 100% probability that the Federal Open Market Committee will keep its fed funds rate unchanged at the November 4-5 policy meeting.

Political markets are the most difficult to trade, which is a reason to reduce trading size.

Click here for full report

Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.                  

A subsidiary of Archer Daniels Midland Company.

© 2024 ADM Investor Services International Limited.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore the latest edition of The Ghost in the Machine

Explore Now