Bonds
Bonds Analysis & Opinion
Credit Spreads: The Canary in the Coalmine for Markets
12.12.2024
Credit Spreads: The Canary in the Coalmine for Markets
Credit spreads are critical to understanding market sentiment and predicting potential stock market downturns. A credit spread refers to the…
Bond Yields May Eye Higher Ground After Soft Jobs Data, Treasury Borrowing Surge
12.12.2024
Bond Yields May Eye Higher Ground After Soft Jobs Data, Treasury Borrowing Surge
The job report on Friday delivered a big downside surprise with just 12k jobs created in October. Certainly nowhere near…
Term Premium Is Back — So Are the Bond Vigilantes?
12.12.2024
Term Premium Is Back — So Are the Bond Vigilantes?
The Bond Market is saying “This Time is Different”. The Term Premium is on the rise, and it now sits…
Credit Spreads at 17-Year Lows Reflect Confidence But Signal Growing Risk
12.12.2024
Credit Spreads at 17-Year Lows Reflect Confidence But Signal Growing Risk
Credit spreads have narrowed down to the lowest point since the pre-financial crisis period. It echoes the strength in the…
Fixed-Income Yields Looking Far More Attractive Than Risk Asset Classes
09.12.2024
Fixed-Income Yields Looking Far More Attractive Than Risk Asset Classes
There’s little about recent history that reflects stability, with at least one exception: the average trailing payout rate on a…
Risk On or Risk Off? What Bond Markets Are Signaling After Powell’s Speech
07.12.2024
Risk On or Risk Off? What Bond Markets Are Signaling After Powell’s Speech
Yesterday, the Chairman of the Federal Reserve, Jerome Powell spoke. Some highlights U.S. BUDGET IS ON AN UNSUSTAINABLE PATH; REVENUE…
Bond Strategies for Inflation: Balancing Risk With Floating-Rate Alternatives
07.12.2024
Bond Strategies for Inflation: Balancing Risk With Floating-Rate Alternatives
Fifteen months ago, we contrarians started the bond bandwagon. It’s hard to believe now, but back then the financial suits…
Bond and International Returns YTD Still Not Much to Crow About
04.12.2024
Bond and International Returns YTD Still Not Much to Crow About
1-year annual returns for a number of the bond market asset classes slid lower in November ’24, thanks primarily to…
10-Year US Treasury Yield Showing Signs of Peaking Out Near Current Levels
04.12.2024
10-Year US Treasury Yield Showing Signs of Peaking Out Near Current Levels
The market premium for the US 10-year Treasury yield rose in October relative to a “fair value” estimate calculated by…
What Is the High Yield to Debt Bonds Ratio Saying About Market Sentiment?
04.12.2024
What Is the High Yield to Debt Bonds Ratio Saying About Market Sentiment?
With all the euphoria in the market, junk bonds help calm the noise. Why? Because Firms that issue bonds are…