Bonds Analysis & Opinion

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...

Earlier this week the Wall Street Journal posted the results of its June Survey of economists (xls file). In the past my main interest in these forecasts has been the GDP estimates. But today my...

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

Note from dshort: The markets are still digesting the political developments in Greece and France. Meanwhile, here is an updated snapshot of Friday's closing yields. They are off the historic lows set...

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...

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...

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...

Note from dshort: Here is an updated snapshot of Tuesday's closing yields. They are off the historic lows set last Friday in the 5-, 7-, 10-, 20- and 30-year Treasuries. Yesterday morning, market...

The US inflation indexed Treasury curve (TIPS curve) has inverted sharply in the short end. The one-year TIPS yield went from negative 2.5% to zero in a matter of four months. The one-year Treasury...

It's premature to call a top in Treasuries, which is not what this piece is meant to do. However as you can see, 30-yr. bond prices have gone virtually straight up over the last 10 weeks. Prices are...

Continued concern over the financial health of Europe -- and Greece, Italy, and Spain, in particular -- sent U.S. Treasury yields plummeting last week, in the case of the ten-year U.S. Treasury, to...

In a world of zero interest rates and macroeconomic worries, there are a limited number of investment alternatives that can provide reasonable returns and allow investors to sleep at night. Stocks...