Bonds Analysis & Opinion

Is there a threat to the municipal bond interest deduction?The new administration’s focus on tax reform, especially as many of us pay our federal and state taxes this week, draws our attention...

Let's have a look at a long-term perspective on Treasury yields as of Friday's close. The chart below shows the 10-Year Constant Maturity yield since 1962 along with the Federal Funds Rate (FFR) and...

When I was a kid we had to go to an arcade, where they had many pleasure machines, to play a game called pinball. It is a novelty now at places where my kids go to birthday parties and in the age of...

Note: We've updated this commentary with data through yesterday's market close.Let's take a closer look at recent activity in US Treasuries. The yield on the 10-year note ended the day at 2.26% and...

From Bill Hall: If you are a regular reader of my Money and Markets columns, you know that I’m a big believer in three things.One, Occam’s Razor, which is a principle that was introduced...

10-Year Treasury Note Non-Commercial Positions: Large speculators slightly added to their bearish net positions in the 10-year treasury note futures markets last week for the first time in six weeks,...

Please note that the title includes the word “Simple” but does NOT include the words “Best”, “Infallible”, “World”, “Beater”, nor...

Look, we are all wrong sometimes. That's because the markets are this way one day, that way the next and then something else the day after that. That is why we need bigger picture plans.I for...

Is The Trump Trade Overcrowded And On The Ropes?Given the Trump trade is based on expectations for reduced regulation, lower taxes, and faster economic growth, if investors had moved all their chips...

It is now clear that the Federal Reserve will be increasing interest rates this year. Therefore, it seems appropriate to look at the yield curve, specifically the 10-year and 3-month spread, to...

10 Year Treasury Note Non-Commercial Positions: Large speculators decreased their bearish net positions in the 10-Year treasury note futures markets last week for the fifth consecutive week, according...

The talking heads continue to say that yields on the 10-year U.S. Treasury note cannot and will not trade above the 2.60 percent level. It should be noted that the 2.60 level has been resistance since...

Our favorite leading indicator for stock markets is 10-year yields. On its very long-term chart we spot a potentially extremely disruptive event: a trend change after four decades. This could become...

10 Year Treasury Note Non-Commercial Positions: Large speculators and traders decreased their bearish net positions in the 10-Year treasury note futures markets last week, according to the latest...