Bonds Analysis & Opinion

A worldwide deflation fear is expanding and may actually be rampant. BCA Daily Insights (August 25, 2014) notes that, “out of 32 OEC countries, more than two-thirds have domestic inflation rates...

We expect the TLTROs will boost liquidity. However, the amount of borrowing limits is unknown as it depends on net lending behaviour - we list four different scenarios that give an upper target...

We have the distinction of living in an Age of Bubbles and their failures.In 1980 it was commodities, wages, the CPI and the precious metals. Then the action shifted to inflation in financial assets...

Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note Large Speculator bearish positions fall to -43,534 contractsU.S. 10-Year Treasuries: Large futures market traders and speculators...

Push the LimitsIt has been a common theme in financial markets to push the limits on any possible edge, so if there are restrictions on banks and financial institutions use of leverage, lobby for...

The U.S. Treasury yield curve flattened on Wednesday, with minutes from the latest Federal Open Market Committee (FOMC) meeting in focus.Benchmark 10-year Treasury notes held steady, yielding...

Last Friday, interest rates hit 2.30% on the 10-year bond. While counter intuitive, this looks like a long-term bottom prior to a move back to 3%. The charts always tell us the truth, so let's take a...

A quantitative run through of the Swedish Fixed Income market, starting with the Riksbank and Money Markets before moving on to government and mortgage bonds. To Read the Entire Report Please Click on...

In Sweden, the week ahead has only one data point of interest: the labour force survey (Thursday at 09:30 CEST), including hours worked, employment and the unemployment rate. In the government bond...

The 10-Year government bond yield in Japan is now around 0.5%, following an almost linear decline that started in 2006. The only way to rationalize buying 10-yr JGBs at 0.5% is believing that Japan...

Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note U.S. 10-Year Treasuries: Large futures market traders and speculators edged their net bearish bets higher in the 10-year treasury...

Although we would never dispute that markets often pivot on external catalysts, as we noted recently (see here) - they often are just instigators of larger forces at play. For every time that it's...

The trades below have all had a bias for higher rates and inflation and were based on the following views. 1. The ECB would lift growth and inflation expectations. 2. US rates would be higher,...

ReviewThe trend for lower long bond yields has continued among rising geopolitical tensions and the view of lower terminal rates from central banks. In the meantime, short-end rates in the US and...