Bonds Analysis & Opinion

The world is a maze of debt.  Debts layered on debts.The Earth and its productivity is roughly the same or better than prior years.  What is the problem with the economy then?The problem is...

Market commentCDS indices have performed during the week with iTraxx Europe currently at 168bp and iTraxx Crossover currently at 704, i.e. down by 9bp and 47bp, respectively.While we have seen a very...

Better than expected reception to Spain's bond auction and Italy's bill sale have spurred "risk-on" with the euro moving into the range that appeared to have been broken yesterday and equity and...

I see two scenarios playing out in bonds – and they both see bonds higher 3-6 months from now. Everyone wants to say that bonds are going to go down, and at some time they will, but I...

Spain and Italy begin this year's funding operations with bond auctions today and Friday. Although the euro is bouncing along its recent trough against not only the dollar, but against many of the...

European sovereigns return to the capital markets more substantially next week as 2012 issuance gets under way. Between bills and bonds, around 35-40 bln euros will be sold. Maturing issues and coupon...

We have seen some improvement in sentiment as we enter the year, on the back of better than expected forward-looking indicators in the US, Asia and even in Europe. Despite the improvement the market...

The big story of the morning comes from the Eurozone. The sharp drop in EUR/USD below 1.2850 to a low of 1.2831 tells the story of the market today: fear has reached fever pitch with France, Spain and...

2012 has finally started to look a lot like the final months of last year with the European single currency coming under pressure again as the market ponders the probability that a breakup of the...

One of the key factors behind the poor sentiment toward the euro, which was pressed to new 13 month lows in Europe today, is the challenge posed by the sovereign and bank refunding needed this year,...

Morningstar reported through the Wall Street Journal that PIMCO’s $244BN Total Return Fund (PTRRX) suffered the first outflow on its history last year. $5BN left the fund in 2011 including...