... market, similar reactions can be anticipated there, too, especially in the interest rate-sensitive groups such as financials and consumer cyclicals. Copyright © 2001 by TradingMarkets.com, Inc. ... testimony and the cumulative reaction is usually double that of the initial reaction. It goes on: one month later, the reaction nearly doubles again (also in the same direction). Ostensibly, ... this spec flow is increasingly shifting to 5-and 10-year T-notes). Also consider long straddles and strangles on bond futures. Although both tend to richen in price (due to increases in implied...