Bonds Analysis & Opinion

High blood pressure is widely known as “the silent killer” for good reason. This post is a continuation of our post from early August on liquidity in the bond markets. As an RIA managing...

When one looks at the yields on very short-term U.S. Government debt, yields on the 2-Year and 5-Year notes are up a big percentage over the past three years.Since 2011, the yield on the...

Strategically Shorting BondsI have been shorting the U.S. 10-Year Treasury strategically the last 6 months, buying the oversold yield conditions right before the employment report ramps up yields. It...

High Quality Liquid Assets (HQLA) is a term that now applies to the implementation of the Liquidity Coverage Ratio (LCR) in the Basel III Rule. This highly technical mouthful of acronyms and rules...

“If saving money is wrong, I don't want to be right!” - William ShatnerIn a world where bonds and stocks have correlated in an unusually high way, any kind of risk trigger has been...

We've made the case before (see here) that for all the pomp and circumstance, Fed policy over the last three decades has done very little to deviate yields from what became a genuinely symmetrical and...

Hopefully readers can see the weekly chart of the U.S. 10-Year Treasury Yield, from the TNX or the CBOE 10-Year Treasury Yield Index contract. It looks like a perfect “hold” or save...

Bund future bias higher for 149.15 and 149.28, maybe 149.70A notable setback again through midweek to surrender support at 148.86/80 to see a small top and switch to a range environment this...

Would you have guessed that 8 months ago the S&P 500 would hit 2,000 and that the Government bond ETF iShares Barclays 20+ Year Treasury (ARCA:TLT) would be up twice as much as the broad market on...

Weekly CFTC COT Net Speculator Report | 10 Year US Treasury Note Large Speculator positions see bullish total of +7,940 contractsU.S. 10-Year Treasuries: Large futures market traders and speculators...

How to properly value European BondsThis seems to be the biggest question in financial markets for me right now because the math just doesn't add up any way you slice it. When you look at the pricing...

There will be another tap auction of SGBi3109 (June 2025) on 28 August. We recommend buying the bond in the auction, as we continue to recommend real rate flatteners. Despite the recent performance,...

European yields have reached record lows after ECB expectations US Bonds have been caught up in the rise in demand driving US yields lower Emerging markets hurt as flows have pared back expecting Fed...