Deliberately empty
Yield calls are not scored here.
The desk publishes calls on government yields — US02Y, US05Y,
US10Y. This page exists so that is stated plainly, and so the reason no
result is shown sits on the record instead of behind an absent page.
No result published
By design, not by omission.
topics-2026-10-14-signal-following
1. The rule is inverted on this instrument. A yield is quoted as a
rate, not a price. The stated exit rule is written as a percentage of the quote
— SL -3.5%, trailing from +5% — and that arithmetic only means
what it says against a price.
$US10Y publishing @ 4.529 is a yield of 4.529 percent. Applying
the stated stop gives 4.370 — a 0.159-point move in the rate, which for a
bond of roughly eight years' duration is close to a 1.3 percent gain in
price. The stop would fire on a profitable move. The rule is not imprecise on
this instrument; it is inverted. This paragraph is the reason no figure is published, not
a result drawn from these calls.
2. These rows never reach this site at all. The release pipeline already
refuses a yield quote as an anchor, under its own stated reason —
yield_quote_not_a_tradable_price — because there is no venue that fills an
order at a quoted rate. So a yield call is excluded upstream of this dashboard, on the
same ground this page would exclude it: no transactable quote, therefore nothing to
score. The empty page is structural, not a display choice.
Scoring a yield needs a basis-point rail that does not exist yet, and it needs its own contract version. Until then, a figure computed this way would be wrong in the direction opposite to the truth, which is worse than publishing nothing.
No yield record is read, counted or scored on this page. The desk's yield calls are published to members; none is scored here.
Why this is a separate page
- Three populations, three units. A traded result is a realised trade with a signed return. A correct call on an index level is a hit with no position. A yield result is a move in a quoted rate. Blending them produces a headline nobody can interpret.
- The page is not hidden. An absent page would imply no yield calls were ever made. They were. What is missing is a rail that can score them honestly.