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Bonds Analysis & Opinion

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Jay Kaeppel
Treasury Bonds Meet The Election Cycle By Jay Kaeppel - Jul 17, 2019

Many traders are aware of the connection between the stock market and the 4-year presidential election cycle. Not many are aware of the connection between long-term treasury bonds and the same...

Steve Saville
The Coming T-Bond Decline By Steve Saville - Jul 16, 2019

A large divergence between two fundamentally-correlated market prices is important because such a divergence usually will be closed via a big move in one or both prices. However, divergences sometimes...

Zachary Storella
10-Year Note Speculators Bearish Bets Virtually Unchanged By Zachary Storella - Jul 14, 2019

10-Year Note Non-Commercial Speculator Positions: Large bond speculator’s bearish net positions barely moved this week in the 10-Year Note futures markets, according to the latest Commitment of...

Iris Pang
China: Soaring Loan Growth Is A Worrying Signal By Iris Pang - Jul 12, 2019

Credit grew at an exceptionally fast pace in June mainly due to financing for infrastructure projects. The implication is that if there were no fiscal stimulus, the economy would be deteriorating. The...

James Picerno
Will Lowflation Extend The Rally In Everything For Bonds? By James Picerno - Jul 11, 2019

Federal Reserve Chairman Jerome Powell testified in Congress yesterday that a rate cut may be near. That’s music to the ears of the bond market because it offers more fuel for extending the...

Chris Kimble
Interest Rates At Short-Term Lows: Are Bonds Peaking? By Chris Kimble - Jul 10, 2019

Will the Fed lower interest rates? It's possible if they follow the yield on the 10-year note over the past 32 weeks. This chart shows that the yield on the TNX has declined 31% in the past 32 weeks....

Mike (Mish) Shedlock
Negative-Yield Junk Bonds Take Hold In Europe By Mike (Mish) Shedlock - Jul 10, 2019 2

Expectations of further monetary stimulus depress yields. There are now 14 junk bonds in Europe with a negative yield. The number of negative-yield euro-denominated junk bonds reached fourteen, up...

Alhambra Investment Partners, LLC
Deutsche Bank Speculation By Alhambra Investment Partners, LLC - Jul 10, 2019

In October 2011, the bank’s Chairman bristled at the characterization. His was not going to be a “bad bank” as many in the financial media had been saying. Pierre Mariani, chief...

Mike (Mish) Shedlock
Bond Yields Plunge In Italy: Hello Christine Lagarde! By Mike (Mish) Shedlock - Jul 05, 2019

The ECB and EU elected to ignore Italy's debt and soon to be a monstrous deficit. Bond yields plunged. At the beginning of June, the ECB and EU walked down from targeting Italy with excessive debt...

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