Bonds Analysis & Opinion

Depending on the slice of the Treasury market, inflation expectations are rebounding—or the outlook for economic growth is weakening. One of these implied forecasts is probably wrong, or least...

“The current environment may be more uncertain and riskier than any we have seen in our lifetimes. Yet, spreads say the future has never been more certain.” We recently wrote that line...

The coronavirus pandemic, its impact on the economy, and efforts to combat both challenges continue to roil the market for US Treasuries, with sentiment shifting bullish or bearish depending on the...

In normal times, August is a quiet month for government bond issues as many investors—as well as government officials—head for the beaches or extended holiday trips.But these are not...

Bonds I: Eulogy. Let me begin my eulogy for the Bond Vigilantes with apologies to William Shakespeare. The emotional eulogy for Julius Caesar that Shakespeare penned for the character Marc Antony in...

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

10-Year Note Non-Commercial Speculator Positions:Large bond speculators advanced their bullish net positions in the 10-Year Note futures markets once again this week, according to the latest...

The Fed is failing us.  It started out great.  The initial reaction to the pandemic was timely and forceful.  The yield curve on March 18 was signaling confidence. But, since then,...

TIPS may tip Fed policy, as declining real yields indicate a weak economy and loose money.Even investors who aren’t interested in the minus 0.91 yield on 10-Year Treasury Inflation Protected...

Junk Bonds, via SPDR® Bloomberg Barclays High Yield Bond ETF (NYSE:JNK), rallied Friday closing above the 50-week moving average. Then again yesterday, JNK ran up to yet another new high since...

Government bonds linked to inflation in foreign markets topped returns for the major asset classes, based on a set of exchange traded funds. Other slices of the offshore fixed-income landscape also...

10-Year Note Speculators reduced bullish bets:Large bond speculators lowered their bullish net positions in the 10-Year Note futures markets this week, according to the latest Commitment of Traders...

The demand for safe-haven government bonds shows no sign of easing. It’s not hard to understand why when you consider renewed concern that the US economic recovery is cooling, US-China relations...

Year-to-date gains still dominate the US fixed-income landscape for year-to-date results. Except for junk bonds, the rest of the US bond realm is enjoying a bull run in 2020 through...