Bonds Analysis & Opinion

For weeks markets have been oscillating within the constraints of central-bank action versus lack thereof. We have finally reached the decision threshold and central banks acted in accordance with...

Municipal bond supply has been low for 2012 and will continue to be low as we head into year end. Supply is projected to fall just short of 200 billion this year which is significantly lower than the...

As an example of how frothy fixed income markets have become, Reynolds did a $3.25 billion HY issuance today. They repaid a great deal of existing debt, but also took half a billion of cash for...

Markets continue to behave as expected. Commodities are rallying while the dollar weakens.Inflation expectations continue to rise and longer dated treasuries are selling off, with the treasury curve...

On the heels of the Federal Reserve's announcement to purchase mortgage-backed securities in an effort to stimulate the economy, U.S. Treasury rates had a roller-coaster ride on Thursday. Interest...

Earlier we talked about how earnings disappointments can leave corporate bonds vulnerable to underperforming. Despite the strong technical backdrop of the corporate bond market, the recent string of...

It might strike some a hyperbole to accuse the government of stealing taxpayers money – up there with the conspiracy theories around JFK’s assassination or the staging of the Apollo 11...

I covered my TLT profitably Thursday, since I didn't want to hold it into the jobs report, and that was the right move (take note of the brief surge Friday morning in bonds). I re-entered my TLT short...

What's New: I've updated the charts through Friday's close. The S&P 500 closed the week at a new interim high. The index is now up 14.34% for 2012. From a longer-term perspective, the S&P 500...

ECB President Mario Draghi, in a bid to back up his July pledge to do whatever it takes to preserve the euro, launched a new plan aimed at the secondary market, which would address bond market...

Investment Grade Corporate bonds have had a tremendous run as evident by the decline in yields which has led to outperformance relative to Treasuries. Furthermore, inflows into corporate bond funds...

Previously, we noted that the yield on the 10-Year U.S. Treasury was at a critical juncture and faced a bigger barrier at 1.62/1.63%. Since then, the bond market has rallied past to a recent low in...

This seems like a pretty clean set-up, although the next six trading days are probably going to be a roller coaster.