Bonds Analysis & Opinion

After a three-day sell-off, September Treasury Bond futures rallied sharply higher on Friday, putting the market in a position to challenge two former tops at 152’10 and 152’19. The...

The eurozone debt crisis is back on the front burner. European indexes plunged Friday as Spanish yields soared back above 7%. US markets also retreated, but more dramatic was the drop in US Treasury...

In much of my life, I have been thrust into situations for which I was not ready, and ended up rebuilding the wheel, or came up with an unorthodox approach that worked. But a lot of the problem came...

The chart below compares the yield on the U.S. Treasury's 10-year zero coupon with the 10-year zero coupon inflation swap rate. The difference is the implied 10-year zero coupon real rate, which is...

I was looking at the latest yield update from the US Treasury and noticed that the 5-year note closed today at 0.60. That ties the historic low set on Monday -- an occasion I didn't notice until now....

Investors' love affair with investment grade corporate bonds is heating up. LQD (iShares iBoxx Investment Grade Corporate Bond Fund), the largest investment grade ETF, has returned nearly 12%...

Would you pay Denmark's government 0.6% to hold your money for two years? Sounds strange, but that's exactly what investors are doing. Denmark's government paper yields just hit new lows. And it's not...

U.S. equities have outperformed (albeit at much higher volatility) U.S. corporate credit this year -- both HY and IG.But is this outperformance consistent with the current economic environment in...

Final top in T-Bond futures should be in the 155-00 to 160-00 area.I believe that the T-Bond market (basis the futures) is in the final blow-off of a bull trend that began in the early 1980s. This...

Last week’s Supreme Court decision that upheld the Patient Protection and Affordable Care Act (PPACA) has implications for the health-care sector of the municipal bond market.What did the court...

Last week Coeur d’Alene (CDE) announced plans to issue debt, even though they have no obvious need of any extra cash. It looked very much as if the company was planning to make an acquisition...

We believe the multi-decade Bond bull market is coming to an end. We have been tracking the typical choppy action in long- and short-term rates for a number of years now. While many turned bearish on...