Trading de títulos

Posicione-se comprado ou vendido nas tendências das taxas de juros especulando sobre os preços dos títulos governamentais e corporativos.

COMECE A NEGOCIAR

O que é trading de títulos?

Um título é um instrumento financeiro de dívida de renda fixa emitido por empresas ou governos para levantar capital. Os títulos ajudam empresas e estados a pagar suas dívidas e financiar suas operações. Existem dois tipos de títulos: títulos com cupom e títulos com cupom zero. Os títulos com cupom oferecem pagamentos periódicos de juros, adequados para investidores que buscam fontes de renda regulares. Os títulos com cupom zero geralmente são adquiridos com grande desconto e não pagam juros durante o prazo; no entanto, os investidores recebem o valor integral no vencimento.

Os títulos são negociados tanto no mercado primário (novas emissões) quanto no mercado secundário (revendas). Os detentores dos títulos recebem os juros e o valor principal no vencimento. A negociação de títulos é considerada adequada para a diversificação de portfólio, pois proporciona retornos mais estáveis em comparação com ações.

Tipos de mercados de títulos:

Títulos de Mercados Emergentes
Títulos lastreados em hipotecas (MBS)
Títulos Municipais (Munis)
Títulos do Governo (US10Y, GILT)
Títulos Corporativos (Alto Rendimento, Grau de Investimento, Garantidos e Assegurados)
Índices de títulos
Títulos Conversíveis

Quais fatores podem afetar a negociação de títulos?

A negociação de títulos pode ser impactada por uma série de fatores que os traders devem considerar antes de desenvolver seu plano de negociação. Os traders devem ter em mente que o preço de um título sempre se move na direção oposta ao seu rendimento.

Taxas de juros: Os custos de empréstimos são provavelmente os principais impulsionadores dos preços dos títulos. O aumento das taxas de juros significa queda nos rendimentos dos títulos devido à relação inversa entre preço e rendimento.
Risco de crédito: seja um título governamental ou corporativo, a classificação de crédito do emissor desempenha um papel na definição dos rendimentos do título.
Oferta e demanda: Novas emissões de títulos aumentam a oferta; se a demanda não corresponder à oferta, os preços dos títulos podem ser afetados.
Inflation Expectations: High inflation levels tend to diminish returns making bond trading less appealing.
Liquidity: Bonds with high liquidity, such as US Treasuries, are easier to trade, especially during market downturns.
Currency Risk: Sometimes bonds may be denominated in foreign currencies; exchange rates may affect returns.

Bonds are split into various categories:

Short-term bonds (1 - 5 years)

Intermediate-term bonds (5 - 12 years)

Long-term bonds (12 - 30 years)

High bond yields / Low bond prices

Low bond yields / high bond prices

Why trade Bond CFDs?

Investors purchase government or corporation bonds as part of their diversification strategy. Traders can do the same with Bond CFDs as these derivatives track the price movements of the underlying asset.

Trading CFDs on Bonds gives traders exposure to global fixed income markets without the need to own bonds themselves. They can speculate on price fluctuations in both directions and find short-term trading opportunities. Bond CFDs are also used to hedge against interest rate movements thanks to their inverse relationship.

As with all CFDs, high leverage and low margin help traders build their portfolios with less capital when compared to investing in actual bonds.

Bond trading example

Suppose you want to trade CFDs, where the underlying asset is the US10YR, known as ‘US 10yr T-Note’. Let us suppose that the US10YR is trading at Bid 130.62 / Ask 131.76.

You decide to buy 100 contracts of US10YR because you think that the US10YR price will rise in the future. Your margin rate is 1%. This means that you need to deposit 1% of the total position value into your margin account.

ETF trading example

In the next hour, if the bond price moves to 132.3/133.2, you have a winning trade. You could close your position by selling at the current (bid) price of US10YR, which is 132.3.

Instead, imagine that in the next hour after opening your long position, the market moves against you. The US10YR drops to Bid 129.80 / Ask 130.90.

ETF trading example

You decide to cut your losses and close the position. To do so, you must sell at the current bid price of 129.80.

Since you bought at 131.76 and sold at 129.80, your loss per contract is 1.96 points.

Bond trading example

In the next hour, if the bond price moves to 132.3/133.2, you have a winning trade. You could close your position by selling at the current (bid) price of US10YR, which is 132.3.

Instead, imagine that in the next hour after opening your long position, the market moves against you. The US10YR drops to Bid 129.80 / Ask 130.90.

You decide to cut your losses and close the position. To do so, you must sell at the current bid price of 129.80.

Since you bought at 131.76 and sold at 129.80, your loss per contract is 1.96 points.

Advantages of Bond CFD trading

Exposure to fixed income markets
Access to bond markets with low capital through leverage
Trading on price movements on both directions
Portfolio diversification potential
Ability to resell bond CFDs before the bond’s maturity date

Bonds spreads

SEARCH BY SYMBOL

Symbol	Product	Standard A/c
Symbol	Product	Min	Avg
GILT	UK Long Gilt vs Great Britain Pound Future	-	0.06
US10YR	US 10yr T-Note vs US Dollar Future	-	0.07

Bonds trading - FAQs

What is a bond CFD?

CFDs (Contracts for Difference) on bonds are derivative financial instruments that allow traders to speculate on the price movements of bond instruments without owning the underlying bond itself. Depending on the broker and financial plan, traders can add different types of Bond CFDs to their portfolio.

How does bond trading work?

Governments, corporations and other institutions issue bonds (debt obligations) in the public debt markets for a fixed period of time to finance their projects and honour other liabilities. Bonds are issued in the primary market and subsequently traded in the secondary market through brokerage firms.

Traders aim to profit from bond price movements due to inflation fluctuations, interest rate changes and credit ratings shifts.

While bond holders may receive the face value at maturity and periodic coupon payments depending on the bond type, bond traders seek to capitalise on short and medium market opportunities.

What are the risks of bond trading?

Bond trading comes with risks that traders should be familiar with.

Trading CFDs on bonds involves leverage that may amplify profits but can also magnify losses when markets move against your trading plan.

Market volatility is a factor that is important in Bond CFD trading. Bond prices are sensitive to a series of economic data reports such as interest rate decisions, inflation figures, etc., which can in turn cause price swings in CFD values.

Low liquidity can be a risk if CFDs are tied to government or corporate bonds with low trading volume. Low liquidity could result in wider spreads and slippage that could derail a trading plan.

Is Bond trading profitable?

Bond trading, just like any other type of investment, can be profitable depending on circumstances. Trading bonds allows traders to purchase or resell a bond before its maturity date. This provides flexibility if markets move against their forecasts. Nevertheless, lack of knowledge on macroeconomic indicators and fixed-income markets as well as low liquidity periods could be obstacles on the road to profitability.

Trade with a trusted Forex and CFD broker