Bonds Analysis & Opinion

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...

As the recovery slowly finds a firm foothold in U.S. housing market, US homebuilders began to emerge as one of the best performing sectors in 2012. Amid relatively steady growth seen from the recent...

Consumer spending has been lackluster as of late but there is evidence to suggest that housing is picking up which is a good sign. As we have seen in the past, gains on the housing front coupled with...

Bill Gross is by any measure financially sophisticated. Which is why it’s entertaining to watch him reconcile his undoubtedly well-honed skills at investing with his firm’s management of...

Using the spread between 30-year and two-year U.S. Treasury yields we can gauge when policy makers are in control of market participants’ perceptions and when they are losing control to the free...

The Federal Reserve’s expressed desire for quantitative easing and Operation Twist has been to lower long-term interest rates. The response to the announcement of QE3 on September 13th has not...

Sorry for the lack of publishing recently. I have not been feeling well. Not sure what it is, but I am feeling a little better now. Under normal circumstances, where a few defaults don’t...

The Fixed Income market has been a tough place to find much value for far longer than I can remember. And yet, that hasn’t stopped the returns from being nothing short of spectacular. In fact,...