Bonds Analysis & Opinion

The Fed-Fund rates have been near zero for five years, along with the central bank implementing QE to the tune of over $4 trillion dollars (so far). The QE process looks likely to end in October 2014,...

A major shift has happened in the last couple of days, Greece, who everyone thought was on the mend, saw its bond yield cross an important line. If you cast your mind back 3 years you may remember...

Initial downside yesterday, and the failure of a subsequent bounce emphasised the underlying bearish tone for Dec German 10 YR Bunds. Despite a lack of net movement over the last 2 days it is the...

Last week saw the setback in the German 10 YR Bund from all-time highs deepen. A 2nd negative weekly performance in a row resulted – and the most aggressive decline of 2014. The daily Keltner...

Wednesday’s rejection of the downside initially extended yesterday. However, like the preceding days lows not being held, yesterday’s upside was also not maintained with fresh selling...

An early setback for Bund Futures on Thursday proved more limited than expected before demand reasserted. The resulting upside kept Bunds near the top of a rising Keltner channel, supported by...

Monday’s indecisive price action was followed by fresh demand. This move took German Bunds to new contract highs (and historically low yields) and back to the top of a positively trending...

There has been a net movement of 16-tics in Bund futures over the last 5 trading days. This lack of follow through in either direction cannot provide strong signals for sentiment.However, although the...

Recent consolidation in bunds was further emphasised by yesterday's unchanged close. The price range was narrow with initial highs and subsequent lows rejected. The market remains above the 13 day...

A little while back we wrote that the US yield curve was sounding a warning about the US economic outlook. Longer-term yields have been falling at a faster pace than shorter term yields (as can be...

Following 2 days of indecisive trading, buying interest returned to Bunds yesterday. This kept prices above the trend defining 13 day moving average and confirmed the impact of the Marabuzo line...

A funny thing is going on in the markets, on the one hand you had US equity markets make fresh record highs earlier this week, on the other hand bond yields have fallen sharply. The U.S. 10-Year...

The inability of U.S. 10-Year yields to push higher has been one of the more puzzling aspects of market reaction to the Federal Reserve’s tapering programme. This is especially pertinent...