Bonds Analysis & Opinion

Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to...

The search for yield is on. This week’s chart shows the growth of a scary trend... negative-yielding debt. It’s spreading throughout the world like an uncontrollable wildfire. Who started...

Junk bonds have been good at sending risk-on and risk-off messages to the broad stock market. Below looks at Junk Bond ETF JNK over the past decade.Right now, JNK is at an important price point and...

Weekly Large Trader COT Report: 10 Year US Treasury Note CFTC Futures data shows speculators decreased bullish bets Large 10-year treasury note futures traders and speculators reduced their overall...

Bond investors are typically believed to be more sophisticated, which largely explains the yield curve's near perfect history of recession predictions. This explains why many analysts have commented...

Admittedly with the benefit of hindsight, the recent backup in bond yields shouldn’t be a surprise. That’s because there has been a strong positive correlation between the daily Citigroup...

In financial and economic circles, the word “forever” is rarely uttered. In fact, the word “forever” has really lost its meaning in modern vernacular, commonplace only among...

U.S. municipal bonds have had a spectacular first half of the year. As of July 1, they returned 6.2 percent on a tax-adjusted basis, compared to the 2.7 percent for the S&P 500 Index, placing them...

In the last trading week, the Bund future formed a clean downward trend. This downward trend is easily visible in the hourly chart, and one can also see that on Friday evening, the Bund began a bottom...

Weekly Large Trader COT Report: 10 Year US Treasury Note CFTC Futures data shows speculators raised bullish bets 10 Year Treasury Note Non-Commercial Positions: Large 10-year treasury note futures...

Ever since the 2008 financial crisis, there has been a persistent shortage of high-quality government debt. More than just a safe haven in times of financial stress—the so-called 'flight to...

Markets Charge Back from Brexit Panic - Central Bank Interference U.S. Interest Rates Until around the 1930s, sterling was the senior currency. During this period, US interest rates were off of the...

Note: We've update this commentary with data through Friday's market close.Let's take a closer look at US Treasuries in the wake of the turmoil in Europe following the Brexit leave vote in the UK. The...

This past Monday, as the markets broke out to new all-time highs, I increased net equity exposure in portfolios. However, I also took one other action -- I shorted interest rates to hedge the bond...