Bonds Analysis & Opinion

There's an ongoing debate about the current state of the junk-bond market and what it means for equities and, more broadly, the economy. Spreads on the junkiest of junk bonds have recently moved to...

Inquiring minds may be interested in a detailed look at the yield curve and spreads between various durations following the Fed's Wednesday rate hike. Let's start with a long-term chart from 1996 to...

Junk bond markets are in a veritable melt down as the carnage stretches to a third straight day of falls that included the collapse of at least three credit funds. However, many within the market are...

Near term U.S. 10-Year note yield outlook:More choppy trade from the Nov 9th high at 2.38% and is seen as an important topping. In the bigger picture, the upmove from the Jan low at 1.64% to the Jun...

The Fed's targeted inflation measure, the core PCE deflator, stood at 1.3%, well below the 2% target. They see the fresh sell-off in oil prices and are more concerned disinflation than inflation....

On December 16, 2008, in the closing act of a 30-year bull market in bonds, the Federal Reserve’s Open Market Committee (FOMC) did something without precedent. They cut their target for the...

It is no secret that US credit markets have been increasingly stressed lately. Junk bonds are tanking and junk’s ratios to the relative quality of Investment Grade and Treasury have as well. The...

Investor attention at the end of last week's trading was focused on the sharp sell-off in high yield bonds, better know as junk bonds. This sell-off was precipitated by the firm, Third Avenue,...

The case for raising interest rates is wobbly at best, but the Federal Reserve may start the squeezing process at its monetary policy meeting next week. Exhibit A for the hawkish view is the...

Next week we'd learn whether the Fed indeed gives us a December rate hike. Let's take a close look at US Treasuries a week in advance of that decision. The yield on the 10-year note ended the day on...

When most of us think about “the market,” stocks – Apple (O:AAPL), Microsoft (O:MSFT), Johnson & Johnson (N:JNJ), General Electric Company (N:GE) – are front of mind.This...

Whether the Fed raises rates in December or early in 2016, many market strategists believe higher interest rates will be a reality very soon. A few of our recent articles mentioned our belief that the...

If the junk bond bubble was this week’s most visible inducement toward illiquidity, there have been more than enough indications that might corroborate and explain. With a few more days trading,...

Weekly Large Trader COT Report: 10 Year US Treasury Note 10 Year Treasury Note Non-Commercial Positions: Large 10-year treasury note futures traders and speculators cut back on their overall bullish...