Bonds Analysis & Opinion

Just over a year ago the US Federal Reserve had just raised rates for the fourth time against a backdrop of rising concern that they were moving too fast in normalising monetary policy at a time when...

The US 10-Year Treasury yield is up to 1.92%, edging closer to the 2% threshold it hasn’t been able to reach since July. In Germany, the 10-Year bond yield has risen to -0.25% from as low as...

An interesting divergence between US equities and high yield bond spreads has opened up recently. While the S&P 500 Index continues to rise, high yield bond spreads have widened. Usually, however,...

Earlier in the week with yields sitting at 1.94%, we pondered whether or not 10-year yields could push above 2%. Currently that answer is no, as price has broken back through support at 1.91% and is...

The US bond market is closed today in recognition of Veteran’s Day, so this is a good time to take a look at yields and try and determine where they may be headed next.The Fed is on hold (so...

BondsIt seems the best time to be long of bonds was 1981, when few pension funds were. Now would not seem to be a good time to be long of bonds. In 2000, in aggregate 70% of UK pension funds were...

Bond yields have been going up lately, with the United States 10-Year Treasury yield rising to above 1.83%, up from 1.50% in early October. The German bund is up to -0.34% from below -0.70% in early...

In early September, we discussed how the yield curve briefly turned negative. The yield curve we referenced was the difference between the US 10-year yield and the US 2-year yield. Why was this such...

Global bond yields have been rising recently, thanks to progress on two yield-depressing events: Brexit and the US-China trade war.The ECB possibly reaching peak monetary easing may have contributed...

August is traditionally a volatile month in the stock markets – and this one is no exception. Already we have seen five large waves of 1,000 pips in the Dow up and down this month. As I noted...

An inversion of the 2 year and 10-year bond yield curves in the previous session sent panic across the markets. The DOW closed down 800 points, below its 200-day moving average as investors sold out...