Bonds Analysis & Opinion

Of my five long-term option put positions – expiration: January 2019 – by far my favorite is bonds, symbol TLT. The pattern is about 70% complete at this point, but if it finishes,...

What if? What if China proceeds to reduce its purchases of Treasury securities? At $1.18 trillion, it is the largest holder. Japan – at $1.08 trillion – is close second. The U.S. Treasury...

Stocks are about to wake up to the risk of “higher rates.”As I outlined in my bestselling book, The Everything Bubble: The Endgame For Central Bank Policy, the entire stock market move...

Stock bulls historically like to see junk bonds moving higher yet worry when they are weak. Some view junk bonds as a leading indicator to where stocks are headed. Others get concerned for stocks when...

The 2-year Treasury yield is above 2% for the first time in nearly a decade. This rate, which is seen as a key proxy for monetary policy expectations, ticked up to 2.03% on Tuesday (Jan. 16), based on...

I asked myself what can be loss if I you have a EUR portfolio with 100,000 DV01 and duration of 5. Well, I start thinking I am obsessed with 5 year duration. However, for your information in this...

I did not know what to write, but I knew I have to write. Yesterday in the account of December Governing Council meeting they noted that they are going to change their forward guidance. This signal...

It's earnings season on Wall Street and everyone is focused on the big banks.Wells Fargo (NYSE:WFC), Blackrock (NYSE:BLK), and JP Morgan Chase (NYSE:JPM) will all report their fourth-quarter earnings...

The US Treasury market was consolidating Tuesday's 7.5 basis point jump in 10-year yields when Bloomberg's headline hit. The claim was that Chinese officials are "wary of Treasuries". Yields rose...

How many of you can remember when US Treasury Bonds were physical pieces of paper, with coupons attached to them? I do not mean the Series E savings bonds you may have received at your birth, but the...

Last year the ECB announced adjustments to the asset purchasing program. It was decreased from 60 bn to 30 bn. As a result market started pricing bearish movement of European govies, what was logical...

US 10-year bond yields have moved through a number of key levels and are on the cusp of a major breakout. Regular readers know by now that I prefer to look at multiple indicators and charts to form a...

The G3 central banks are in flux. The Federal Reserve is gradually raising rates and allowing the balance sheet to shrink by not fully reinvesting the maturing proceeds. The ECB will purchase half as...

Global growth and US growth were solid last year, so the Federal Reserve continued to slowly drain liquidity from the system. The world’s most influential central bank raised official interest...