Bonds Analysis & Opinion

Bond investors have a very rocky road in store for them over the next few years, according to one prominent fund manager.Paul Tudor Jones, who runs the Tudor Investment Corporation, issued a stern...

Below looks at the 2-, 5-, 10- and 30-year Treasury yields over the past 30 years. Yields remain inside of their respective 25 year falling channels. Rallies over the past couple of years find each...

The headline says so. Hedge-fund veteran Paul Tudor Jones has joined the growing chorus of big hitters in the fixed-income world warning that bonds are well and truly in a bear market. Well, they...

This Great Graphic from Bloomberg shows the net large speculative positioning in the 10-year note futures over the past five years. They began last year with a huge next short position of more than...

The top part of the chart above looks at the 10-year yield on a monthly basis going back 14 years. The bottom section looks at the 19-month performance since 2004. Yields are up 94% in the past 19...

The following is an excerpt from this week’s edition of Notes From the Rabbit Hole, NFTRH 488. For NFTRH bonds are not just an asset class ‘throw-in’ but instead are a key indicator...

The U.S. sovereign bond market has hit the headlines a lot these days. Rates have rallied big since September 2017 lows, but from suppressed levels, and are at crucial stage technically. At least near...

It’s ‘all a bit upside down’ on market reactions to inflation outlook from CNBC.Right now, it’s all about bond yields. The U.S. market has been extremely expensive by...

US 10-Year Note Non-Commercial Speculator Positions: Large treasury speculators reduced their bearish net positions in the 10-Year Note Futures markets this week, according to the latest Commitment of...

JP Morgan’s quantitative and derivatives strategy team warns of potential short squeeze in US treasuries. Marko Kolanovic, on JPMorgan (NYSE:JPM)'s quantitative team offers a word of warning to...

I last wrote about the 10-YR T-Note, 10YR Rate, and the US Dollar (DX) here.The following monthly comparison chart shows the price action of all three. The US Dollar, generally, trends in the same...

One of Mark Twain’s famous quotes is “The reports of my death have been greatly exaggerated.” It’s very easy to find people saying the death of the 25-year bond market has...

The two most important factors in determining the level of sovereign bond yields are the credit and the inflation risk extant within a nation. When determining a country’s ability to service its...

Let's have a look at a long-term perspective on Treasury yields as of Friday's close. The chart below shows the 10-Year Constant Maturity yield since 1962 along with the Federal Funds Rate (FFR) and...