Bonds and Stocks, from Duncan Coker
Bonds and stocks are both near highs for the year and yet the traditional relationship of moving opposite on a daily basis seems to still hold. I looked at daily changes of stock and bond futures using a time of 1600. Here are the percent of times they move together in the same direction vs opposite along with number of observations. I exclude unchanged days.
2014 28%/72% n= 35/89
2013 43%/57% n=106/139
2012 26%/74% n=63/179
2011 25%/75% n=63/185
2010 36%/64% n=87/155
2009 41%/59% n=101/142