Bonds Analysis & Opinion

Mario Draghi backed into Unenviable CornerThis was an instance where the markets pushed Mario Draghi in a direction that really wasn`t necessary, an area he knew deep down was fruitless, and in the...

U.S. 10-Year yields at 2.11% are off their January lows (1.65%) due to fears that the Fed may increase rates in one of its next meetings. However, mixed economic data keep market rates low for the...

Is the U.S. 10-Year Treasury note telling us anything about what the Fed might say -- or not say -- next week?One thing that the recent upmove in yield suggests is that despite deflationary...

Short-Term Market FlippingMarkets are just hilarious these days, there is no meaningful investments in the era of High Frequency Trading, Spoofing Algos, pump and dump IPO Schemes and ZIRP free money...

The European Central Bank’s aggressive government bond-buying program, aimed at stimulating the eurozone’s sluggish economy, has driven European bond yields to record lows and, in some...

Do you remember how Lucy always pulled the football each time Charlie Brown tried to kick it? To this day, he’s fallen on his rear end and every time while Lucy just snickers. This is exactly...

Run for the ExitsEarly on Thursday morning, realizing this was going to be a robust selloff in equities, the ‘smart money’, i.e., the big banks, investments banks, hedge funds and the...

The strong positive momentum in High Yield credits year-to-date was again evidenced last week. The iTraxx Crossover tightened by some 4bp on the back of ECB publication of QE details and strong equity...

The 2/27 WSJ reported that after Fed Chair Janet Yellen’s congressional testimony on February 24 and 25, Fed “officials fanned out to drive home the message that they are likely to start...

The above chart looks at the yield on the U.S. 10-Year note. The lower portion looks at the 5-week rate of change on yields.Rates have risen 33% in the past 5-weeks, which is one of the sharpest...

Municipal Bonds have had a very good run since June 2013. But with the pullback and sideways action in 2015 is that run over? I shared some thoughts from a longer perspective here last month but it...

Hot cross bunds. Hot cross bunds. One a penny, two a penny, hot cross bunds. If you have no daughters, give them to your sons; one a penny two a penny, hot cross bunds. - Mother GooseWe'd venture to...

The professional investors must profit by anticipating future trends and events rather than chasing old news. This is done by following the invisible hand or message of the market. That message, the...

Some central banks have cut interest rates into negative territory in an effort to eke out some economic growth, but the step could spur unintended, counterproductive outcomes.“Negative rates...