Bonds Analysis & Opinion

Below looks at the popular junk-bond ETF, JNK over the past decade. Junk bonds represent so-called “weak bonds” in the States. Many keep a close eye on junk bonds for insight into where...

I think it’s really interesting to watch a sectoral public debt dynamic in step with certain market growth after local recession. Unfortunately, reviewing one is receiving too little attention...

Summary: Bond yields usually rise as the FOMC raises rates. This is one of the mostly strongly held consensus views in the market right now. A year ago, investors also thought yields were set to rise;...

Jeffrey Gundlach predicts trouble for the equity, corporate and junk-bond markets if the yield on the 10-year Treasury bond goes above 3% in 2017. Even the housing market would suffer.Gundlach is the...

The Bank of International Settlement asks in its quarterly report if there has been "a paradigm shift in the markets?" Although it does not provide an explicit answer, it does argue that there has...

Disclaimer/Caveat/Warning: The idea I am going to discuss here is definitely not for everyone. As traders and investors we are told time and again that it is “foolish” to attempt to...

Income investors are currently facing an uptick of concern over bond holdings that is reminiscent of the 2013 taper tantrum. While it was no more than a few years ago, many are quick to forget the...

10 Year T-Note: Yields escaping a long-term downtrend, which explains the USD index strength Original post

Early every morning at Cumberland an email is sent around to all folks in the firm who touch portfolios. LIBOR rates are part of the dataset.An estimated $150 trillion worldwide is US-dollar-based...

90% (my low-balled estimate) of you, the investing public, are herding when it comes to the bond market. You may not know it because the overwhelming psychological atmosphere is to reaffirm, not...

90% (my low-balled estimate) of you, the investing public, are herding when it comes to the bond market. You may not know it because the overwhelming psychological atmosphere is to reaffirm, not...

Note: We've update this commentary with data through yesterday's market close.Let's take a closer look at US Treasuries in recent weeks. The yield on the 10-year note ended yesterday at 2.39% and the...

Interest rates have shot up since July. But have they “stretched too far too fast?” One way to measure if an asset has made a rare/extreme short-term move is too see how far above or below...

Treasury yields and market-based inflation expectations have taken a sharp turn higher in recent weeks. Is the shift a sign of regime change… or just noise? A convincing answer is on hold until...