Bonds Analysis & Opinion

Jay Kaeppel
Bonds Rally: Not Everyone Is Surprised
By Jay Kaeppel - Feb 03, 2016

In 2015 there was a great deal of “fear and loathing” related to the bond market. With speculation rampant that the Fed would “finally” raise interest rates, there seemed to be...

James Picerno
U.S. Treasury Yields Are Tumbling Again
By James Picerno - Feb 03, 2016

Treasury yields continue to fall, making mincemeat of the idea that the Federal Reserve will continue to raise interest rates this year. Everything could change, of course, if the incoming economic ...

Jesse Felder
Corporate Bonds Pass An Ominous Milestone
By Jesse Felder - Jan 31, 2016

The spread between the yield on corporate bonds and that on Treasuries passed the 2% mark last Wednesday for the first time in over three years. In the chart above I’ve annotated with red ...

James Picerno
Treasury Yields Reflect Macro Worry
By James Picerno - Jan 15, 2016

Treasury yields have made a sharp U-turn lately. The 2-year yield—considered the most sensitive to rate expectations—has been sliding this month, falling to 0.90% yesterday (Jan. 14), ...

Jay Kaeppel
Complete JNK: An Update
By Jay Kaeppel - Jan 14, 2016

As I have mentioned, I hope to offer more example option trades as a form of education. Yesterday I highlighted examples using options on JNK and SLV. (N:SLV) did well on Day 1, (N:JNK) did not. So a ...

Doug Short
Treasury Snapshot: 10-Year Note At 2.08%
By Doug Short - Jan 14, 2016

The Fed finally raised rates last month and ended the almost decade-long ZIRP policy. Let's take a closer look at US Treasuries since the decision. The yield on the 10-year note ended the day today at...

Michael Pento
Junk Rhymes With Subprime
By Michael Pento - Jan 12, 2016

On December 16, 2008, in what Ben Bernanke averred took a tremendous amount of “moral courage”, the Federal Reserve officially arrived at its Zero Interest Rate Policy. ZIRP was a huge win...