Bonds Analysis & Opinion

Inflation is back, especially in the US, where the US Producer Price Index has broken its downtrend of nearly a decade. In the next few months, this will explode volatility and the bond-market bubble,...

Although 10-year Treasury yields have backed away from the key 2.4% level, the dollar is ignoring developments at the longer end of the curve and concentrating on the shorter end of the curve, where...

The leader of the Catalan region of Spain is set to make an historic speech to the Catalan parliament later today and some believe that he may even make a unilateral declaration of independence that...

After soaring continuously for the last 10 days in anticipation of this week's FOMC meeting, US rates are taking a breather. The monetary policy sensitive 2-year yield has risen more than 12bps since...

As may have been expected, there was a clear lack of monetary policy announcements during this year’s Jackson Hole summit. Yellen already pretty much confirmed the start of balance sheet...

Unanimously, the FOMC members have taken a decision to keep the Fed fund rate unchanged between 1% and 1.25% referring to a reduction of the Fed's balance sheet, which will happen 'relatively soon'...

The big theme at the moment is rising bond yields as key central banks attempt to move away from the era of extraordinary-loose monetary policy and zero interest rates. This is due mainly to rising...

US equity markets are expected to open relatively flat on Friday, with bond yields back in focus as we await the June labour market data from the US and Canada.Higher bond yields weighing on equity...

Since 2008 US 10yr T-bond yields have fallen from more than 5% to less than 2% German 10 YR Bund Futures have fallen even further from 4.5% to less than zero With Central Bank inflation targets of...

US 30yr Swaps have yielded less than Treasuries since 2008 – does it matter? With 30yr Swap yields below T-bond yields arbitrage should be possible Higher capital requirements have increased the...

For the last few years central bankers have tried in vain to jumpstart the inflation fairy with little if any degree of success.For a while in the months after 2009 we did see a sharp rise in...

Last week, Donald Trump's election win heralded the end of the world. We went into the election with the view that globally, we wanted 4 more years of the same from Clinton, which would be great for...

Nothing in last week’s US economic data appears to have altered expectations that the Federal Reserve will look to raise interest rates by the end of this year, probably at its meeting in...

54% of government bonds offered negative yields at the end of August Corporate bond spreads did not widen during last week’s decline in government bonds Since July the dividend yield on the...