Bonds Analysis & Opinion

Bonds have begun to come back to life in 2014 as traders began to realize that the Federal Reserve pulling back on its bond buying program is not the end of the world and that sentiment towards bonds...

Weekly CFTC Net Speculator Report 10 Year Treasuries: Large futures market traders slightly raised their overall bearish positions in the 10-year treasury note futures last week, according to the...

In the first auction this year, the 2017 bond (SGBi3107) will be tapped. The real yield curve has shifted up some 5-8bp since the most recent report at the beginning of December. The BEI curve is more...

Bonds have been widely scorned on the assumption that interest rates are set to rise for an extended period. Fair enough, but the world of fixed-income pulls in a lot of territory and so it’s a...

Weekly CFTC Net Speculator Report10 Year Treasuries: Large futures market traders sharply decreased their overall bearish positions in the 10-year treasury note futures last week to the lowest level...

Weekly CFTC Net Speculator Report10 Year Treasuries: Large speculators and futures market traders decreased their overall bearish positions in the 10-year treasury note futures last week, according to...

There are several bad examples in municipal finance — Illinois and Kentucky for example, but the worst is Puerto Rico. What is one way that you can tell that things are bad?  People are...

Last May, I suggested that interest rates were about to blast off.Since then, the yield on the 10-year note is up 80%! Below is the performance of interest sensitive assets and the S&P 500...

The last time we looked at the Municipal bond market was back in June, and it played well for a bounce off the lows. But since then it has moved sideways in a tightening consolidation. The last 2...

There was a major flow from Bonds into Stocks in 2013, and only 1 person (Bill Gross) expects that may reverse. But shorter rates, those on 5 and 10 year Treasuries, look ready for a reprieve, at...

Weekly CFTC Net Speculator Report10-Year Treasuries: Large speculators and futures market traders sharply increased their overall bearish positions in the 10-year treasury note futures by the most...

You don’t get every trade right, unfortunately. Sometimes, even the best-thought-out investment thesis turns out to be flat-out wrong.   My biggest blunder of 2013?  Shorting Japanese...

I post the long horizon 2.5x2 P&F chart of the 20-year Treasury Bond ETF (TLT) as a proxy for US Treasuries.In February 2013 TLT broke down through the Bullish Support line and long-term support...