Bonds Analysis & Opinion

Having talked about cash, let’s now add negative rates to the calculus an investor must perform.With a positive rate, we can compute the sensitivity of a bond’s price to a change in an...

At Rory’s prescient behest, we have been way out in front of the curve on the Silk Road and on the issue of China using the IMF to push aside the dollar as the reserve currency. Casey Research...

10 Year Treasury Note Non-Commercial Positions: Large 10-year treasury note futures traders and speculators trimmed their overall bullish positions last week for a second consecutive week, according...

CFTC Futures data shows speculators decreased bullish bets last week U.S. 10-Year Treasury Note Non-Commercial Positions: Large 10-year treasury note futures traders and speculators reduced their...

Note: We've update this commentary with data through Friday's market close.Let's take a closer look at US Treasuries since the Brexit vote to leave the EU. Today saw jumps in yields on the 10-, 20-...

Near term U.S. 10-Year note yield outlook:In the Aug 3rd email, affirmed the view of another week or more of consolidating from the Jul 21st high at 1.63% but seen as a correction, and with a...

For the last several years, the 2-year Treasury yield has been trending higher. It’s been a slow crawl higher from a low base for this maturity, which is said to be the most sensitive for rate...

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...

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...

The US 30-Year Treasury Bond (T-Bond) entered a secular bullish trend in the early-1980s. As evidenced by the following chart, over the past 30 years this trend has been remarkably consistent. There...

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...