Bonds Analysis & Opinion

The persistence of low inflation will be a key topic at the Federal Reserve’s at the Jackson Hole Symposium that starts on Friday (Aug. 24). But as the world’s monetary elite prepare to...

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

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 Friday at 2.19% and the...

Adding to the FOMC’s general inflation confusion about money and economy, all the major factors it is supposed to be competent about, policymakers are also having trouble figuring out why as...

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

Let's have a look at a long-term perspective on Treasury yields as of today's close. The chart below shows the 10-Year Constant Maturity yield since 1962 along with the Federal Funds Rate (FFR) and...

Last week former Fed Chairman Alan Greenspan warned that the bond market was a gigantic bubble waiting to burst.This week, another financial elite, Jamie Dimon, CEO of JP Morgan, has said the same...

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

We discuss the topic of the Bond Market Bubble which came up this week as former Central Banker Alan Greenspan made multiple media appearances discussing the Bond Market being in a bubble, thus...

Greenspan is right, but the evolving train wreck is so slow that the majority believes headlines like the one below must be true.Central banks bought government debt during QE to relieve the burden on...

The stock market is close to a record high, supported by the outlook for moderate US economic growth. Yet the bond market once again seems to be pricing in the prospects for a weaker economy.The...

It is often said that the market for US Treasuries is the deepest and most liquid in the world. While that’s true, we have to be careful about what it is we are talking about. There is no single...

With healthcare reform sidelined, for the time being, the legislative emphasis has turned to tax reform. However, before tax reform, Congress must do two other things. The debt ceiling must be raised...

As the summer doldrums roll on, we thought it was a good time to recap where the muni market has come since the Trump sell-off of last fall.A number of factors have helped the overall muni market. The...