30YR Bond updates

Research
1

Does anyone know how often the screener’s 30yr bond updates. According to the documentation:

#BOND30YR The yield of the 30-year Treasury bond, calculated as an average of issues. CompuStat provides monthly spot checks of the daily yield on the last day of the month.

I have yet to see it update since at least last month. Is there something I am not seeing?

I am using the Close(0,#BOND30YR) as a formula in the screener. It still states 3.21 which is clearly not the bond yield on the last day of October.

Thanks in advance,

Joe

2

Monthly.
To see this, run a daily screener backtest using the single following rule:
FOrder(“MktCap”) < Close(0, #BOND30YR)*100

3

I meant to write that I added Close(0,#BOND30YR) as a formula in the report to display in the screener.

4

I don’t think I understand how that will display the current bond yield. Should I add that formula to a custom formula in which I add to a custom report so I can see the values in the screen?

thanks,

Joe

5

Check out this screen.

  1. Click the ‘Backtest’ tab.
  2. Make sure to select Rebalance Frequency: “Daily” .
  3. Click “Run Backtest”.
    Ignore the returns, they are meaningless for this screen. The number of stocks per period will be the bond yield * 100. I like to ignore the chart and scroll down to the table of backtest results per period and study the dates and the #ofPositions.
6

Yes, that definitely works and a creative way to view historic bond yields to boot. I am unsure of why up to just a few minutes ago in the custom report (in which I created a custom formula of “Close(0,#BOND30YR)”) every time i ran the screen it was 3.21 as the value (Septembers value). Now it displays 3.07 after running your back test even for my previous screens. I am curious if the report doesn’t reset some of the fields without running another back test / screen??? I will keep an eye on this as the behavior is very strange.

Thanks again for the help!

-Joe