Bonds Analysis & Opinion

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

Bund minor resistance at 163.60/55 but above 163.70 retests trend line resistance at 163.84/86. A break above 163.97/164.02 tests the May high at 164.15/19. Holding 163.60/55 retests strong support at...

Recently my firm replaced all of our short-term bond exchange-traded funds with U.S. Treasury bills. The core motive for this decision was not to pick up a few points of extra yield, though...

Bund holds trend line resistance at 163.84/86 where a high for the day was expected. If we unexpectedly continue higher look for a test of 163.97/164.02 before the May high at 164.15/19. Failure to...

Bund holding above the July high at 163.39 & re-targets 163.60/64 in oversold conditions. There is a good chance we trade sideways to lower to ease these conditions. However a break higher meets...

Above compares the PIMCO High Yield A to the S&P 500 over the past 20-years. Junk bonds diverged from the S&P 500 for nearly 24-months, prior to stocks peaking in 2000. Junk bonds diverged...

SummaryThis was a quiet week in the Treasury market. I look at the yield curve at the beginning of August and compare it to the yield curve at the beginning of each of the last seven months. I also...

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

Economists are expecting that US consumer inflation will hold steady in tomorrow’s July update while Fed funds futures are pricing in another rate hike at next month Federal Reserve meeting. Yet...

Michael Lebowitz previously penned an article entitled “Face Off” discussing the message from the bond market as it relates to the stock market and the economy. To wit: “There is a...

Italy's 10-Year bond yield surged around the Italian election. There's heavy issuance in Sept and ECB tapering in Oct. The yield on Italian bonds surged in May on the victory of the League- and Five...

The US yield curve, as indicated by the spread between the 10-year and 2-year T-Note yields, made a new 10-year extreme over the past fortnight, meaning that it recently became the...

SummaryThe corporate bond market has sold-off over the last year. But it has done so in conjunction with a widening of the Treasury market. The Treasury market continues to tighten. I wrote about the...

10-Year Note Non-Commercial Speculator Positions: Large bond speculators pushed their record high bearish net positions higher in the 10-Year Note futures markets this week, according to the latest...