Bonds Analysis & Opinion

A couple of things are happening in the bond space right now. Last week we got the flash PMIs for the major DM economies and on all fronts they were strong—all improved, and the composite flash...

US Treasuries are seeing action we have not seen for a while: Strong sharp steepening of the yield curve. The yield curve is said to steepen when the spreads between short-term and long-term rates...

The most recent tax-reform agreement between the US House of Representatives and US Senate is less hurtful to municipal bonds than initially expected. Here are some points.Private Activity Bonds...

10-Year Note Non-Commercial Speculator Positions: Large Treasury speculators increased their bullish net positions in the US 10-year Note futures markets this week following a sharp decline the...

The central bank is not the root cause of the boom-bust cycle. The root cause is fractional reserve banking (the ability of banks to create money and credit out of nothing). The central bank’s...

I believe 2018 will be the year inflation arrives.The reason, as I’ve noted throughout mid-2017, is that multiple Central Banks, particularly the European Central Bank (ECB), Bank of Japan (BoJ)...

The iShares iBoxx $ High Yield Corporate Bond (NYSE:HYG), another risk on / risk off indicator, switched to a cautionary projection about 6 weeks ago when it was slapped downward the moment it touched...

With the Fed making its last announcement of 2017 later today (and Yellen making her last press conference as a Fed member), it should be an interesting Wednesday. I thought I’d point out that...

The United States 30-Year bond's bearish flag formation.

US Treasuries ran higher from the first half of 2015, completing a 3 Drives pattern in the middle of 2016. This is a reversal pattern and Bonds did just that, reversed. They quickly gave up the entire...

US yields still above downtrend Original post

You do have to wonder to whom the increasingly shrill bond market declarations are being directed. It’s very likely that Bloomberg’s now daily haranguing “the yield curve can’t...

The gap between the 10-year and 2-year Treasury yields fell to 57 basis points on Monday (December 4), according to Treasury.gov’s daily data. The dip marks yet another post-recession low for...

From BlackRock: Here’s the moment of truth for Matt Tucker’s predictions–higher interest rates, more inflation–for the 2017 bond market.Scorecard time! In January I laid out...