Bonds Analysis & Opinion

The Fed finally raised rates last month and ended the almost decade-long ZIRP policy. Let's take a closer look at US Treasuries since the decision. The yield on the 10-year note ended the day today at...

The fallout in liquidity and funding markets has been mostly attributed to the junk-bond bubble. Prices have fallen, and many precipitously, while yields have risen. But those are not the only...

On December 16, 2008, in what Ben Bernanke averred took a tremendous amount of “moral courage”, the Federal Reserve officially arrived at its Zero Interest Rate Policy. ZIRP was a huge win...

Bund holding above 159.55/58 is positive for today and re-targets 159.76/79. We could continue higher to 159.91/94 before a retest of last week's high at 160.19. A break and close above here tonight...

Weekly Large Trader COT Report: 10 Year US Treasury Note CFTC Futures data shows speculators trimmed their overall bullish positions 10 Year Treasury Note Non-Commercial Positions: Large 10-year...

Junk bonds have been in the news over the past few months, mostly in a bad way, as they have been falling in price since April of 2014. The chart above looks at the Junk Bond (N:HYG)/S&P 500...

The Fed finally raised rates last month and ended the almost decade-long ZIRP policy and released their minutes of that meeting this afternoon. Let's take a close look at US Treasuries after that...

Since maximum fear in the financial markets tends to create demand for safer-haven bonds, the chart of long-term Treasuries (N:TLT) should be helpful from a risk-assessment perspective. If stocks...

A series of interest rates cuts and a reduction in reserve requirements by China and numerous 'competitive' currency devaluations, suggest not only a quiet panic behind the velvet ropes of leadership...

John Rubino and Gordon T Long discuss the alarming developments in the Junk (High Yield) Bond market. John was warning on his last appearance on Macro Analytics about the things he was seeing, while...

ZN is Retesting its Red Megaphone VWAP & Navy Blue Inverse H&S Neckline The US 10 Year T-Note is retesting its inverse H&S neckline (navy blue on chart). It put in the orange megaphone to...

Picking up on the money market(s) discussion from Monday morning, bill rates once again were suggestively shallow. The 4-week T-bill was just 14 bps in “yield”, well below the Fed’s...

No doubt junk bonds have tanked over the past two years, diverging against the S&P 500. Historically, when Junk is weak the broad market tends to struggle to move much to the upside. Junk-bond ETF...

I am becoming increasingly concerned over the flattening yield curve. This curve enables us to get a first hand view of sentiment towards economic growth among bond investors and other large players...