Bonds Analysis & Opinion

10-Year Note Non-Commercial Speculator Positions: Large bond speculators once again cut back on their bearish net positions in the 10-Year Note futures markets this week, according to...

Since I wrote my last bond article, we have seen many events which market participants assume have an effect upon the bond market.We have recently seen the Fed lower its rate, in addition to coming to...

Can you force credit on those who are not necessarily asking for it? Even at ultra-low rates? Consider homebuyers. Mortgage rates are dramatically lower than they were a year ago....

Since late August, global and European rates have risen markedly. While it is difficult to pinpoint a single trigger, a combination of factors ranging from less geopolitical risks to central banks on...

High Debt Doesn’t Equal Higher RatesDr. Lacy Hunt breaks one natural assumption made by investors. You would think that rising government debt levels would lead to higher bond interest rates....

After a months-long period of treading water, corporate fixed income in foreign markets caught fire last week, posting the strongest gain for the major asset classes, based on a set of exchange-traded...

The long-running bull market in bonds continues to defy bearish forecasts, as shown by a set of exchange-traded funds. Positive year-to-date performance in all the major corners of fixed income...

True Money Supply Growth Rebounds in SeptemberIn August 2019 year-on-year growth of the broad true US money supply (TMS-2) fell to a fresh 12-year low of 1.87%. The 12-month moving average of the...

Ahead of today’s September report on US consumer inflation, the Treasury market’s implied inflation forecast via 5-year maturities quietly ticked down to 1.24% in Wednesday’s trading...

One year ago, last October, the IMF published the update to its World Economic Outlook (WEO) for 2018. Like many, the organization began to talk more about trade wars and protectionism. It had become...

I’ve said all along that they would be dragged into them kicking and screaming. After all, the Federal Reserve undertook its last rate hike in December 2018 – just as the markets were...

There are presently 3 perceptions by investors watching Fed actions on the Fed Funds rate.1) Some may see another Fed FedFunds rate cut as positive. 2) Some may see the Fed as panicking with...

SummaryThe long-leading data is still positive, although there's been an uptick in CCC yields.Leading data is mostly positive, although there is weakness in manufacturing sentiment and the yield...

The 30-year long bond yield just fell back below 2.00% for the first time since September 4. The 30-year long bond yield rose above 2.00% on September 5 and stayed above that rate for over...