Bonds Analysis & Opinion

Defensive Assets Strong Early In WeekWhen investors are fearful, common sense tells us demand picks up for more conservative assets, which is exactly what happened early Monday morning. From...

The 10-Year T-Note has Reached its Megaphone Top and Needs a Retrace to at Least the Megaphone VWAP The 10-year has reached the top of a megaphone (red on chart) on its 60-minute chart. It needs to...

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 trimmed their overall bullish...

A man will sometimes devote all his life to the development of one part of his body - the wishbone. -Robert FrostIt wasn't that long ago that anyone could walk into their local community bank and...

In 2015 there was a great deal of “fear and loathing” related to the bond market. With speculation rampant that the Fed would “finally” raise interest rates, there seemed to be...

Treasury yields continue to fall, making mincemeat of the idea that the Federal Reserve will continue to raise interest rates this year. Everything could change, of course, if the incoming economic...

Weekly Large Trader COT Report: 10 Year US Treasury Note CFTC Futures data shows speculators now in bullish net position 10 Year Treasury Note Non-Commercial Positions: Large 10-year treasury note...

The spread between the yield on corporate bonds and that on Treasuries passed the 2% mark last Wednesday for the first time in over three years. In the chart above I’ve annotated with red...

Yesterday I presented our 2016 inflation forecast to the investment committee for a multifamily office, and when I was putting the presentation together I developed one slide that really is a must-see...

Weekly Large Trader COT Report: 10 Year US Treasury Note CFTC Futures data shows speculators continued to raise bearish bets 10 Year Treasury Note Non-Commercial Positions: Large 10-year treasury...

Weekly Large Trader COT Report: 10 Year US Treasury Note CFTC Futures data shows speculators cut longs and added to shorts 10 Year Treasury Note Non-Commercial Positions: Large 10-year treasury note...

Treasury yields have made a sharp U-turn lately. The 2-year yield—considered the most sensitive to rate expectations—has been sliding this month, falling to 0.90% yesterday (Jan. 14),...

Companies in Japan now get paid to borrow money.In what may be the biggest central-bank sponsored bond lunacy yet, BOJ's Negative Corporate Bonds Yields Add to Distortions.The Bank of Japan’s...

As I have mentioned, I hope to offer more example option trades as a form of education. Yesterday I highlighted examples using options on JNK and SLV. (N:SLV) did well on Day 1, (N:JNK) did not. So a...