Bonds Analysis & Opinion

These two articles point in a bad direction:China’s 2011 total trade surplus was $183B. The surplus with the USA was $270B; the US was 150% of China’s total surplus. China imports lots of...

U.S. Treasuries are all risk with minimum reward. Yet investors have poured billions into government debt issues that lock in no more than capital preservation for 10, 20, even 30 years.It amazes me...

Indications exist that important tops in price and bottom in rates have been establishedThe decline today in T-Bond and T-Note futures contracts violated significant support lines. Accordingly, the...

The U.S. Dollar is trading higher overnight against all major currencies. With details coming out that Greece’s bond swap may have reached the 85% level, making it eligible to receive its second...

Eurodollar futures provide quite precise data about the market consensus forecast for interest rates. Since they extend out for ten years, they provide a rich set of information constantly updated...

We’re in an interesting situation where most developed country governments are borrowing at a rapid rate, and their central banks are financing it.  Public old age retirement and health...

The main index event this month will be next week’s introduction of SGB1056, the new 20Y bond, as the ordinary rebalancing that occurs at close on Friday 9 March will comprise only minor index...

The inauguration of the new 20Y bond is due to take place next week. The bond, named SGB1056, will mature on 1 June 2023 and will be introduced through a syndication in switch auction. The SNDO buys...

German bonds rose for the first time this week after macro data showed that Retail Sales were weaker than market expectations, which is leading to speculation that growth in the country is slowing in...

Revisions to the holdings of US Treasuries have set the chins wagging. The key focus is on China's holdings of Treasuries. While the new data revised sharply higher June 2011 Chinese holdings to...

The periphery bonds have generally rallied this year. Ireland's 10-year bond yield is off 138 bp and Italy's is off 179 bp, for example. The Iberian peninsula stands out as an exception. The Spanish...

There are many voices that continue to clamor for a European bond; one that is backed collectively by the various members. Germany and the other creditor nations are understandably skeptical...

There is an old saying among traders and investors, the bond market is always smarter than the stock market. We have seen throughout history that whenever yields start to get too high it is a signal...