The majority of the managers canvassed by the VAN Macro Sentiment Indicator maintain a bearish outlook on the U.S. Treasury 10-year Note, as 65% expect the 10-year (price) to move lower in February.
In regards to the U.S. Dollar, the bullish consensus has abated somewhat from January as 48% expect the Dollar to continue moving higher and 35% expect it to remain unchanged. Finally, the manager’s view on the S&P 500 is divided for February with 43% anticipating the index will close the month higher and 35% to close lower.
VAN Macro Sentiment Indicators are based on the outlook of hedge fund managers employing a macro view and who manage, in aggregate, in excess of $30 billion in assets. The purpose of the indicators is to reveal how these managers believe the S&P 500, the U.S. Dollar and the U.S. Treasury 10-year Note will perform over the current month.