Bonds Analysis & Opinion

I received the following from a reader:   My primary motivation for writing to you is this post by Jeff Miller.   In my mind, you are the foremost expert blogger when it comes to bonds so I...

Investors seem to have a bottomless appetite for investment grade (IG) corporate paper. Issuers are coming to market to borrow money at ridiculously low rates. Even for the longer maturities the...

Fishermen plying the pristine waters of Maine tend to focus on bass and salmon, while they consider pickerel to be “trash fish.”  Pickerel have a mouthful of sharp teeth, linger in...

Last year I wrote a piece in which I noted that the EU would implode before the end of 2012. The reason for this was clear: EU banks needed to roll over hundreds of billions of Euro debt (possibly...

As we approach the end of the second quarter, a familiar pattern has emerged. For the last three years we have seen yields rise in the fourth quarter, peak in the first quarter of the new year, and...

The G20 And The ESM...This is what's called, 'short of funds'. G-20 pressure mounting on Merkel.

Earlier this morning, Spanish 10-year bond yields hit euro-area highs for the second day in a row, barely staying below the dreaded 7% level, which is significant as it suggests the need for a...

Note from dshort: Here is an updated snapshot of yesterday's closing yields. They are off the historic lows set last Friday in the 5-, 7-, 10-, 20- and 30-year Treasuries against a backdrop of ongoing...

The Equity Risk Premium has once again drifted up to all-time high levels in recent weeks. The S&P 500 has an earnings yield of around 7.9% (assuming S&P earnings of $105 versus current price...

The globe is awash in debt, deficits are exploding and the Euro is about to collapse…right? Well then why in the heck are six countries out of the G-7 seeing their 10-year sovereign debt trade...

Bunds:Bunds saw further losses today after failing to hold over 143.14/25 we saw down to support at 142.52. This held and we bounce slightly at the close but this was held down by 143.14...

Here is the latest sovereign CDS volumes from DTCC. The two charts show the net CDS outstanding (one month average) and the daily trading volume (also one month average).A Few Items To Note:Italy and...