Bonds Analysis & Opinion

Bund beat 144.17 to hit our 144.43/48 target and topped almost exactly here at 144.51. We could see some profit taking with immediate support at 144.28 then 144.15/12 which should hold the downside...

Bobl beat 125.53/54 but failed just below 125.68/70 and sold off back to 125.53. Failure to hold 125.53/51 today targets 125.41/40. A good chance of a bounce from here but longs need stops below...

Gilts beat 110.34/39 to top at 110.71. Overbought short term so the 110.71/74 area could hold a move higher today. However if we continue higher look for strong resistance and April highs at...

Weekly CFTC Net Speculator ReportBearish positions decline to a total of -145,865 contracts. 10 Year Treasuries: Large futures market traders decreased their overall bearish bets in the 10-year...

Mergers And Acquisitions Have Weakened Balance Sheets One of the many tenets on Wall Street is that debt investors are often a step or two ahead of stock investors when it comes to identifying slowing...

In this week's auction of SEK1bn, the June 2022 bond, SGBi3108, will be tapped. Since the last auction at the beginning of this month, short-end linkers have suffered somewhat after the...

Weekly MOF data shows Japanese investors have been sellers of foreign bonds in 11 out of the 15 weeks reported so far this year. The total outflow from foreign bonds year to date has been -$53.5 bln,...

Weekly CFTC Net Speculator Report Large Speculators bearish positions increase to a total of -162,278 contracts 10 Year Treasuries: Large futures market traders added to their overall bearish bets in...

There have been a few articles recently on Pimco's underperformance and the increasing concentration on the buy side of the bond market. There is danger, here, for large active managers and their...

US yields have gone down in recent weeks, pulling away from the fabled 3.00% line in the sand due to a myriad of reasons.On the economic front, we have weaker than expected US NFP numbers, while...

Weekly CFTC Net Speculator ReportLarge Speculators bearish positions jump to a total of -155,174 contracts10 Year Treasuries: Large futures market traders sharply increased their overall bearish bets...

Over the past month High Yield (junk) bonds (SPDR Barclays High Yield Bond ETF (ARCA:JNK)) have lagged the performance of Investment Grade (high quality) bonds (iShares Investment Grade Bond Fund...

This Great Graphic, made on Bloomberg, shows the yield of Greece's 10-year bond over the past five years. The big break in early 2012 was the private sector debt restructuring. As recently as Q4...

Gilts retested March highs at 110.25/32 as we become overbought short term. We topped exactly here with a good chance of profit taking midweek. We look for a test of support at 110.00/109.95. This...