$TREASURIES - Confidence in continued demand for US treasuries, with potential benefits from liquid markets and derivatives, despite possible increased volatility.
$HFT - High-frequency traders are playing an increasingly important role in the treasury market, potentially offering more efficient market-making.
Bearish:
$BONDS - Potential for increased volatility in long-term bonds due to changing investor base and market dynamics.
$YIELDS - Current economic uncertainty could lead to downward pressure on treasury yields in the near term.
$DEALERS - Primary dealers are playing a diminishing role in treasury auctions, indicating a structural shift in the market.