Bonds Analysis & Opinion

A couple of weeks ago, I wrote a post entitled Stocks cruisin' for a bruisin'. Now it appears that the corporate bond market has fault lines of its own that may crack soon. Citi strategist Stephen...

At Cumberland, we continue to take a harsh view of many California municipal bond credits. We do this notwithstanding the recent upgrade action of a prominent credit-rating agency. At Cumberland, we...

The secular decline in interest rates since 1981 has resulted in bond investors enjoying a thirty year bull market run in most fixed income investments. Since the price of a bond moves inversely to...

Consistent with the growth in corporate bonds (discussed here), corporate commercial paper outstanding hit a new record recently - exceeding the pre-crisis highs. These of course are the largest and...

The turbulent clouds that settled upon California’s bond market are beginning to dissipate, as the state’s general obligation debt was recently upgraded to ‘A’ by Standards...

On Monday, I divided the world's equity markets into relative market-value weights for some perspective on asset allocation. The global bond market deserves no less, and so I dive into the numbers...

Global financial markets got beat down, Monday, on what was effectively a repricing of sovereign and political risk in Europe. Bond yields rose, bank stocks fell and, broadly, risk assets traded...