Bonds Analysis & Opinion

After months of brinksmanship and the posturing that goes with it, Britain and the European Union seem to be getting serious about concluding a last-minute post-Brexit trade deal. Negotiators have...

The implied inflation forecast via Treasury yield spreads continues to creep higher, but today’s November report on consumer prices is expected to reaffirm that pricing pressure remains muted....

The decline of the US Dollar this year has been a bullish force for American investors holding foreign bond funds. The sliding value of the world’s reserve currency is helping offset low and...

The European Central Bank moves to center stage this week, after hinting that it will top up its pandemic emergency purchase program from the current €1.35 trillion. The resurgence of COVID-19 in...

10-Year Note Large Trader Net Positions: The week’s net position was the result of the gross bullish position (longs) lowering by -59,080 contracts (to a weekly total of 544,817 contracts) while...

Rates rose on Friday to their highest level in some time, with the 10-year closing around 97 bps. It doesn’t sound like much, but consider that the 10-year rate was at 50 bps on August 4, and...

China's euro-denominated bond issue last Wednesday met with strong demand, getting €18 billion in orders for the €4 billion bond sale as it priced the 5-year tranche for a negative yield for...

10-Year Note Non-Commercial Speculator Positions:Large bond speculators raised their bullish net positions in the 10-Year Note futures markets this week, according to the latest Commitment of Traders...

If there was any question about how highly strung investors are over COVID-19, the announcement by Pfizer (NYSE:PFE) and BioNTech (NASDAQ:BNTX) on Monday that preliminary trials showed their...

The bond market gave reflation a new run of consideration Nov. 9 as Treasury yields shot higher.Was it a reaction to news over the weekend that Joe Biden won the Electoral College vote? Meanwhile,...

Holy Cow a big move in interest rates is taking place! Does this mean an important breakout/higher interest rates are about to happen? Could be! This chart looks at the 10-yearyield on a weekly basis...

Yields on US Treasuries took a dive on Wednesday as the prospect that Republicans will keep control of the Senate, even if President Donald Trump doesn’t win re-election, dimmed hopes that a...

10-Year Note Non-Commercial Speculator Positions:Large bond speculators cut back on their bullish net positions in the 10-Year Note futures markets this week, according to the latest Commitment of...

Predicting the end of the secular decline in interest rates has been a hardy perennial—and perennially wrong. Given this history, any observer of bond yields must be wary of declaring that a...