skip to main content
Market Strategy

Sonata Forms in the Treasury Market

The behavior of U.S. Treasurys seems at times to display the compositional features of a classical sonata.

We have been through the expositional section—where the major themes were presented—and are now in the development section where themes play out in a modified form with considerable (harmonic) instability. If we had to extend the musical simile further we should soon be in the reprise section, which recaps the themes in the exposition with minor changes in key.

Would that the financial markets follow so tidy an arrangement! Yet for all the disorderliness of the real world we[...]

Access to this content is restricted to RGE clients.

If you have a client code, please enter it here to activate your client account.

Click here for a free trial.

Learn About Our Services:

RGE Research

Our dynamic and intuitive macroeconomic research platform keeps you on top of the extraordinary shifts that transform our global economy, allowing users to uncover unique connections and insights. Discover the resource central banks and that 70% of the world's leading hedge funds, asset managers, PE firms, banks and corporations around the world depend on.

Our market strategists build on the work of our macroeconomic research team, incorporating market dynamics to answer crucial questions and generate actionable investment recommendations. RGE's Market Research and Strategy team gives clients actionable insight across six key asset classes:

• Currencies • Commodities
• Credit • Equity • Gov’t Bonds / Rates
• Emerging Markets • Financials
• Cross Asset Model Portfolio

RGE Strategy

Sometimes, reading research is not enough. Many RGE clients participate at the Roubini Direct Access level to gain a deeper understanding of specific issues. Through interactive live sessions, we engage with world-class thinkers, encourage knowledge sharing, idea generation, risk identification and validation of client initiatives.

Learn More »