Gold is highly correlated with the TIPS yield and over at least the last 10 years it is inversely correlated with real rates.
Data source: @TenYearNote
Tag: bonds
Pre-Election Year Seasonal Pattern
Midterm Election Year Seasonal Pattern
Post-Election Year Seasonal Pattern
Election Year Seasonal Pattern
30-year T-Bond Seasonal Pattern
30-Year T-Bonds (CBOT): (High: Nov-Dec//Low: Apr-May) Prices decline (and interest rates firm) during first quarter, perhaps as market anticipates tightening liquidity with massive shift of financial resources from private to public sector in form of tax payments. By FND for June contract, FED may begin recirculating funds, fueling rally through remainder of tax year. Taxes due Apr 15; US fiscal year begins October 1.
