Bonds Analysis & Opinion

Yields on some corporate bonds are trading below their U.S. Treasury counterparts suggesting dwindling credit risk in the bond market according to the Wall Street Journal. In the article “The...

“Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing had happened.” - Winston Churchill“This is the year of the empty hand Oh...

As we enter the final stage of the U.S. Presidential race, opinions and polls are being thrown around to get an early indication on the likely winner. With this being the third year of the recovery...

I've updated the charts below through Friday's close. The S&P 500 is 3.52% off its interim high set on September 14th, the day after QE3 was announced. The 10-year note closed the week at 1.75,...

The 10-Year U.S. Treasury has rallied in recent days as the risk-off in equities has increased the bid for safe-haven assets. Despite this, the trend for higher rates is still intact according to...

Governments involved in financial repression (keeping savings rates below the inflation rate) encourage their citizens to do stupid things by reaching for yield. Remember, most people think of yield...

Bond ETFs are expected to drive asset growth for exchange-traded products in the coming years. By some estimates, bond ETFs could have $2 trillion in assets under management by 2020. This year, bond...

Despite the recent rally in U.S. Treasuries, last week’s break out from support should prove significant in the direction of interest rates. The Credit Suisse technical analyst team of David...

Below is an excellent chart from Goldman Asset Management. It shows the risk/return profile of holding the 10-year Treasury during different periods of time. "Principal" is the mark-to-market impact...

A couple of days ago in The Bond Rally Is Not Over, the Gann Fan Lines helped show the potential for a lot more upward movement in the iShares iBoxx Investment Grade Corporate Bond Fund, (LQD). But it...

Some follow-up notes to our commentary about California cities are in order. The most recent news involves San Bernardino and other California cities attempting to defer payments to CalPERS. For a...

Market NotesThe chart above shows the S&P 500 together with an indicator I call Weekly Internals. Basically it tracks the direction of the NYSE breadth and volume readings over five trading days...

The latest report on foreign treasury holdings is showing China and Japan holding similar amounts of US government paper, with oil exporters and the Caribbean Banking Centers (Cayman Islands, the...