Bonds Analysis & Opinion

Spanish yields fell at auction, Tuesday, as Spain issued 12-month bills known as Letras. The yields dropped from the previous auction, pricing at 3.918% as compared to the last auction's 5.074%....

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%...

You might remember my “Education of a Corporate Bond Manager” 12-part series. That was fun to write, and a labor of love, but before I was a corporate bond manager, I was a Mortgage Bond...

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...

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...

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...

The municipal bond market is completing the halfway point of 2012 with a number of themes similar to those that were playing out last fall.Very cheap ratios in the intermediate and long end of the...

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...