Bonds Analysis & Opinion

Quick post. Here's a chart I featured in a recent report on global bonds. It's also one of the resident charts in the global-scan page of my weekly market chart pack....TO THE POINT: global sovereign...

Slowly, slowly, the wheel turns, and I’m very pleased to see bonds still in tip-top shape. I’ve removed the price bars so you can see the drawn objects and moving averages plainly and...

OK, first the bad news. In terms of the long-term, we are probably in the midst of a rising interest rate environment. Consider the information contained in Figure 1 from McClellan Financial...

In a year when we have seen commentators talking about the relative flatness of yield curves, we have a conundrum when we look at the US Treasury yield curve and the US muni yield curve (shown here as...

Treasury Bonds have been around for ever. And for as long as any active investor has been alive and allocating capital they have been going up in price. That may be about to change though. The chart...

In the midst of a flattening yield curve, the 10-year T-yield is once again hammering on resistance at just north of three percent. Just a month ago, these notes yielded 2.81 percent. At least a pause...

10-Year Note Non-Commercial Speculator Positions: Large bond speculators slightly increased their bearish net positions in the US 10 Year T-Note Futures markets this week, according to the latest...

My bond obsession continues – and with good reason as we’ve just had our latest breach. And remember, next week is a big FOMC announcement, so that should shake things up. The important...

Yesterday’s piece generated a lot of interest, so we’re going to develop this theme some more.The key item of note is that while US stocks are holding up, the Fed’s hawkishness has...

The Federal Reserve is expected to raise interest rates again later this month, but if that’s another signal that headwinds are building for fixed-income securities the warning isn’t...

Continued contraction in corporate issuance of high-yield bonds is likely creating a supply-demand imbalance, helping the likes of iShares iBoxx $ High Yield Corporate Bond (NYSE:HYG).Eight months in,...

The yield curve has been on everyone's mind these days. Mostly, will the curve invert, how much and will it project to a recession. History tells us when the curve inverts a recession is likely. The...

10-Year Note Non-Commercial Speculator Positions: Large bond speculators increased their bearish net positions in the 10-Year Note futures markets this week, according to the latest Commitment of...

SummaryThe yield curve has hit a steady-state equilibrium. The short-end of the curve is doing the heavy lifting when it comes to yield curve compression. Chicago Fed President Evans argues that the...