Bonds Analysis & Opinion

China's onshore bond market has grown to become the 4th largest debt market in the world (assuming the Eurozone is a single market). And the biggest component of the market is bank paper....

Once I was talking to my boss at Provident Mutual about exotic options, like barrier, knock-out, and knock-in options. As I described them to him his reactions were: Why would I want to take that...

PIMCO published a report on Spain ahead of the ECB's much-anticipated meeting this week. The analysts at the famed bond-management company expect a lackluster response that is more of a band-aid than...

What's New: After the yields on several Treasuries hit consecutive new lows early last week, the bond market did a complete about face. For example the benchmark 10-year went from a historic closing...

The great economic historian Charles Kindleberger described a bubble as follows: “What happens, basically, is that some event changes the economic outlook. New opportunities for profits are...

There is no denying that the Mario Draghi comments have caused a massive rally in today's stock markets. The important and highly followed SPDR Dow Jones Industrial Average (NYSEARCA: DIA) is trading...

When it comes to bonds I have four main ideas.Invest in areas where you are more than adequately compensated for the risks.Try to be as unconstrained as possible.After a credit crash, wait for the...

Note from dshort: On Monday I posted an update on US Treasury yields, several of which hit historic closing lows. The 10-year had tied its historic low at 1.47. How low can the 10-year go? Yesterday...

The eurozone debt crisis remains on the front burner. European indexes plunged again yesterday and Spanish yields soared to new highs. The selloff continued in US markets, and we saw more new closing...

The Swiss government bond curve is now negative for maturities of five years and under. Investors are willing to lock up a negative yield for 5 years just to get out of euro denominated assets without...

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...