Bonds Analysis & Opinion

Bloomberg: “There’s a moral hazard element to this,” Ken Wattret, chief European economist at BNP Paribas SA in London, said in a telephone interview. “The ECB is clearly...

The chart below overlays this year's High Yield bond issuance on top of last year's. This is the picture that bankers are showing their corporate clients. They are telling them your opportunity is now...

The Greek PSI (new) bonds are now actively quoted. Prices vary with maturities - roughly between €17 and €25 (17 to 25 cents on the euro). Here are the latest mid quotes by maturity.Using...

With the S&P up 30% from the inception of Operation Twist, there’s little question that this piece of monetary policy has successfully steered investors toward risk and something that might...

We've all been closely watching ZB to make a push back to about 139 or so. It's getting there - - perhaps two or three more trading days will do the job. At the same time, the bearish ETFs such as TMV...

The percentage of Greek debt held by public institutions as opposed to private investors has grown dramatically in recent years. In some ways this is similar to the US after 2008, with various...

Although treasury yields have risen around 30 bps over the past couple of weeks, yields have not yet reached what the Federal Reserve itself might call equilibrium. The FOMC rate forecasts that the...

Once again, bond yields on the 10 and 30 year U.S. Treasury Note are rising. Last week, the yields jumped sharply higher by more than 25 basis points on both the 10, and 30 year note. Higher rates...

In my last post, I wrote about former Fed staffer Vincent Reinhart's comments in Barron's musing about Bernanke's lack of political capital to engage in quantitative easing after June, so another...

Eurozone forecastGrowth and inflationThe economic data are consistent with a recent stabilisation of the economic growth in the eurozone, albeit at low levels. Q4 data confirmed our expectation of a...

Thirty-year T-Bonds futures are poised to make a new 7-month lowThe practical implication of this is that every purchaser of 30-yr Bonds dating back to early August will be have a loss in the...

The gold price got whacked once again yesterday, with traders scrambling to buy equities. “Who needs safe havens?” seems to be the dominant market sentiment at the moment. The yellow metal...

Publicity stunt or just smart business?The UK government announced this week that it is considering selling gilts with maturities of 100 years, or even possibly so-called 'Perpetuals' that would never...

Has anyone looked at the U.S. debt lately? Well, the debt clock is now reading $15.5 trillion and climbing. By the end of 2012 U.S. debt should be over $16 trillion. Nobody in the media is talking...