Bonds Analysis & Opinion

If plunging yields rattled markets till now, hold on to your hat. The trading pattern on the benchmark 10-year Treasury note as well as intermarket analysis suggest there's another leg down ahead. In...

Asset pricing is often mysterious as a source of figuring out exactly what Mr. Market is discounting, but in the case of bonds these days there’s no ambiguity about the crowd’s outlook....

Bond yields resumed their post-FOMC crash today after a weak two-day respite. Inversions strengthened across the board. Bond Yields Resume Post-FOMC Crash Interestingly, the...

Interest rates are currently low. That is by far the biggest concern among bond investors. They are drowning in worry about low interest rates and their effect on bonds. So let’s address...

Anti-VigilantesWe dimly remember when Japanese government debt traded at a negative yield to maturity for the very first time. This happened at some point in the late 1990s or early 2000ds in...

Interest rates have declined over 40% in the past 9-months. Could they be near a short-term low? Stocks most likely hope so. This chart looks at the yield on the 10-year note (TNX) over...

It was nearly five years ago, in late-2014, that I wrote a piece titled, “Here’s Why The Long Bond Could Be About To Blast Off.” At the time, I argued that the combination of...

For several months all was working well. Or so it seemed. Slowly ratcheting up trade tariffs on China gave President Trump several talking (and tweeting) points with minimal economic blowback. US...

SummaryCorporate earnings are under pressure. The yield curve is still inverted; weekly manufacturing hours worked continued to decline, indicating additional jobs-market weakness. The pace of...

For weeks, if not months, I have been reading one bearish bond article after another. In fact, many of these same writers have been arguing with me for months about the bond rally I expected back in...

10-Year Note Non-Commercial Speculator Positions: Large bond speculators continued to raise their bearish net positions in the 10-Year Note futures markets this week, according to the...