Bonds Analysis & Opinion

10-Year Note Non-Commercial Speculator Positions: Treasury speculators raised their bullish net positions in the 10-Year Note futures markets this week for the first time in four weeks, according to...

Note: We've updated this commentary with data through Friday's market close.Let's take a closer look at recent activity in US Treasuries. The yield on the 10-year note ended the day Friday at 2.24%...

The 10-Year T-Note Must Retrace to the Bottom of its Navy Blue Rising Megaphone & Gray Neckline The 10-year t-note has made a specialty for eight years now of avoiding a mandatory retrace to the...

Two weeks ago I highlighted a crucial area in the Treasury Bond ETF (NYSE:GOVT) here. The price of the ETF was breaking support of both a rising channel and a horizontal consolidation zone, once...

As the Bank of Japan is set to meet this week to review monetary policy settings, it's worth checking in on a couple of particularly relevant charts. The first one shows the Bank of Japan has now...

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

Covenant Quality is terrible but is it a long-term trend or skewed because of one month's data?It’s never been better to be a high-yield issuer or high-yield investor. According to...

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...

Not feeling terribly inspired right now, so I’ll just share with you a couple of positions I’ve got focused on bond funds. The first of these is the high-yield bond fund iShares iBoxx $...

10-Year Note Non-Commercial Speculator Positions: Large speculators sharply lowered their bullish net positions in the 10-Year Note futures markets this week for a second consecutive week, according...

The latest round of COT futures positioning data confirms a very interesting pattern that we have observed over the past year. There has been a massive swing in speculative futures positioning from...

Exactly one year ago I wrote, “long bonds enter the blowoff stage” (and “a few more thoughts on the long bond blowoff“). Since then the 30-year Treasury yield has risen 40% and...

We closely follow the bond insurers because they remain an important part of the municipal market, and they are integral to our Insured Puerto Rico Strategy.Cumberland exited all uninsured Puerto Rico...

One of the key indicators we track in our bond strategy analysis is global sovereign bond-market breadth. This simply captures the proportion of global government bond yields that are trending up/down...