10 year futures options markets tied to 10 year futures

Options markets tied to 10 year futures are reflecting elevated implied volatility levels, hinting at possible sharp moves post next Fed communication, with current probabilities favoring upside in yields. Moreover, Bitcoin is not even outperforming gold right now. Over the past year, gold is up 45%. So why would you settle for 30% gains with Bitcoin right now? On a risk-adjusted basis, gold would appear to be the better buy. "Given the potential upside to JNJ's Pharma business, lower Pharma tariff and pricing risk, and investor confidence that JNJ can grow through the Stelara LOE, we could see JNJ's valuation move higher," analyst Larry Biegelsen said Friday in a note to clients. Chartists tracking 10 year futures note that the 200-day moving average is holding firm, suggesting a strong long-term support level that may attract more buyers if yields retreat.