Bonds Analysis & Opinion

Draghi’s Latest Pledge Pushes Yields Closer To Zero (excerpt) Among the most breath-taking moves attributable to central bank intervention, of course, is the plunge in bond yields, especially in...

As we move deeper into 2015, we find our economy and financial systems still in quite a mess. We’re approaching the end of a dark road the “policy makers” have been leading us down...

Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note CFTC Futures data shows speculators weekly bets were almost unchanged for the week10 Year Treasuries: Large US 10 Year treasury note...

Mario Draghi backed into Unenviable CornerThis was an instance where the markets pushed Mario Draghi in a direction that really wasn`t necessary, an area he knew deep down was fruitless, and in the...

U.S. 10-Year yields at 2.11% are off their January lows (1.65%) due to fears that the Fed may increase rates in one of its next meetings. However, mixed economic data keep market rates low for the...

Is the U.S. 10-Year Treasury note telling us anything about what the Fed might say -- or not say -- next week?One thing that the recent upmove in yield suggests is that despite deflationary...

The European Central Bank’s aggressive government bond-buying program, aimed at stimulating the eurozone’s sluggish economy, has driven European bond yields to record lows and, in some...

Do you remember how Lucy always pulled the football each time Charlie Brown tried to kick it? To this day, he’s fallen on his rear end and every time while Lucy just snickers. This is exactly...

Run for the ExitsEarly on Thursday morning, realizing this was going to be a robust selloff in equities, the ‘smart money’, i.e., the big banks, investments banks, hedge funds and the...

The strong positive momentum in High Yield credits year-to-date was again evidenced last week. The iTraxx Crossover tightened by some 4bp on the back of ECB publication of QE details and strong equity...

Weekly CFTC COT Net Speculator Report | 10-Year US Treasury Note CFTC Futures data shows speculators pushed net bearish positions to highest since January10 Year Treasuries: Large 10-year Treasury...

The 2/27 WSJ reported that after Fed Chair Janet Yellen’s congressional testimony on February 24 and 25, Fed “officials fanned out to drive home the message that they are likely to start...

The above chart looks at the yield on the U.S. 10-Year note. The lower portion looks at the 5-week rate of change on yields.Rates have risen 33% in the past 5-weeks, which is one of the sharpest...

Municipal Bonds have had a very good run since June 2013. But with the pullback and sideways action in 2015 is that run over? I shared some thoughts from a longer perspective here last month but it...