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Category: bonds

Of Bonds And Bernie

January 13, 2021January 13, 2021

For the second consecutive day, bonds rallied and a strong auction result suggested the Treasury

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2 Comments on Of Bonds And Bernie

Fed ‘LOLables’: Nomura’s McElligott On When Rising Real Rates Will Become A Problem

January 13, 2021January 13, 2021

When it comes to client inquiries, Nomura’s Charlie McElligott hears the following more than any

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4 Comments on Fed ‘LOLables’: Nomura’s McElligott On When Rising Real Rates Will Become A Problem

First Time For Everything And The ‘360-Degree Tapering Debate’

January 13, 2021January 13, 2021

There’s a first time for everything, and Donald Trump was poised to become the first

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1 Comment on First Time For Everything And The ‘360-Degree Tapering Debate’

Old Mac’Donald’

January 12, 2021January 12, 2021

Markets plodded along Tuesday, exhibiting a familiar sense of annoyed apprehension. In simple terms: Anyone

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1 Comment on Old Mac’Donald’

Breakeven ‘Overshoot’ Belies Lingering Disinflationary Probability, One Bank Says

January 11, 2021January 11, 2021

Is the move in breakevens overdone? One bank thinks the answer is “maybe.” If you

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2 Comments on Breakeven ‘Overshoot’ Belies Lingering Disinflationary Probability, One Bank Says

Markets React As Dems Secure Historic Victory In Georgia

January 6, 2021January 8, 2021

The market reaction to a blue sweep in Georgia was about like one would expect.

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Familiar Feeling

January 5, 2021January 8, 2021

It was a familiar feeling for market participants: Nothing mattered until a contentious election was

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False Start, Go Straight To Lockdown

January 4, 2021January 8, 2021

2021 began promisingly enough with the dollar down and global equities bid, but by the

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1 Comment on False Start, Go Straight To Lockdown

‘Return-Free Risk’

December 25, 2020December 28, 2020

In a world where some $18 trillion in debt “boasts” a negative yield, bonds no

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5 Comments on ‘Return-Free Risk’

Relatively Speaking

December 19, 2020December 19, 2020

It’s getting pretty stretched out there in equity land, notwithstanding stocks’ “relative” value versus bonds

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5 Comments on Relatively Speaking

Enjoy The Money

December 10, 2020December 11, 2020

Another day of convoluted stimulus headlines stateside found lawmakers striking what one Senate aide described

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8 Comments on Enjoy The Money

Don’t Leave Town Without It

December 8, 2020December 9, 2020

More incrementally positive developments on the vaccine front bolstered risk sentiment in the US Tuesday

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3 Comments on Don’t Leave Town Without It

Bond Bears In A Pandemic

December 6, 2020December 6, 2020

The new week will be dominated by talk of a “skinny” fiscal stimulus deal in

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3 Comments on Bond Bears In A Pandemic

The Process

December 4, 2020December 5, 2020

Bad news was good news Friday. Or at least that’s one interpretation of the price

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7 Comments on The Process

Morgan Stanley’s Mike Wilson Thinks ‘Little Bit Overvalued’ Stocks May Correct

December 3, 2020December 3, 2020

Morgan Stanley’s Mike Wilson, who’s generally bullish on equities headed into 2021, says stocks may

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Sell The Best News In Modern History?

December 2, 2020December 2, 2020

There was some market chatter on Wednesday around the notion that vaccine approval and distribution

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3 Comments on Sell The Best News In Modern History?

It’s Urgent

December 1, 2020December 1, 2020

“It’s essential that we move with urgency — inaction will produce a self-reinforcing downturn causing

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7 Comments on It’s Urgent

Great Challenges, Big Dreams

November 30, 2020December 1, 2020

A month chock-full of fireworks and milestones closed on a somewhat muted note, as equities

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It’s All Relative: Stocks And Bonds In A Crazy World

November 29, 2020November 30, 2020

It’s all relative. That universally applicable old adage (you can always find a use for

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6 Comments on It’s All Relative: Stocks And Bonds In A Crazy World

Rebalancing May See $300 Billion Out Of Stocks By Year-End: JPMorgan

November 23, 2020November 23, 2020

It’s time to have the rebalancing discussion again. Or at least if you’re a JPMorgan

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5 Comments on Rebalancing May See $300 Billion Out Of Stocks By Year-End: JPMorgan

Weary & Wary

November 22, 2020November 23, 2020

Market participants headed into the holiday-shortened week weary of increasingly absurd political theatrics and wary

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5 Comments on Weary & Wary

Reports Of 60/40’s Demise Were Greatly Exaggerated (Laphroaig Bottle)

November 22, 2020November 22, 2020

Predicting the demise of 60/40 has been a fool’s errand. To be sure, it’s not

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5 Comments on Reports Of 60/40’s Demise Were Greatly Exaggerated (Laphroaig Bottle)

Amid ‘Odd’ Treasury-Fed Spat, Correction Window Opens Ahead Of Assumed Year-End Melt-Up

November 20, 2020November 20, 2020

Prepare for a possible “unclenching.” That’s one message from Nomura’s Charlie McElligott, who, in a

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4 Comments on Amid ‘Odd’ Treasury-Fed Spat, Correction Window Opens Ahead Of Assumed Year-End Melt-Up

Non Sequiturs & Nonsense

November 19, 2020November 20, 2020

I suppose I was wrong to say, on Thursday morning, that “analysts and economists are

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14 Comments on Non Sequiturs & Nonsense

Diminishing Returns And WAM Chatter Galore

November 16, 2020

As expected, Monday’s encouraging vaccine news from Moderna prompted outperformance from value, small-caps, and other

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5 Comments on Diminishing Returns And WAM Chatter Galore

Head-Fakes And One ‘Giant Logistical Project’

November 15, 2020November 16, 2020

Some would probably tell you the dramatic rotation that played out in the equities space

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5 Comments on Head-Fakes And One ‘Giant Logistical Project’

‘Structural Issues’

November 9, 2020November 9, 2020

If you were a bond bear headed into the US election, things didn’t go entirely

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2 Comments on ‘Structural Issues’

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Monthly Letter+

  • Lost At Sea

    March 11, 2023March 11, 2023

Week’s News

Great American Deposit Debate Spotlights Legislative Gridlock

March 27, 2023March 28, 2023

Failing Banks, Persistent Inflation Promise Fun-Filled Week

March 26, 2023March 27, 2023

We’re Scaring Ourselves Into Bank Runs Now

March 24, 2023March 26, 2023

It’s Not A Wage-Price Spiral. It’s ‘Greedflation’!

March 23, 2023March 24, 2023

Xi, Putin Revel In Pageantry As Show Of Defiance

March 20, 2023March 22, 2023

Most Read

  • Bonds Doubt Their God. 'Stocks Are Next,' Wilson Warns
    Bonds Doubt Their God. 'Stocks Are Next,' Wilson Warns
  • Great American Deposit Debate Spotlights Legislative Gridlock
    Great American Deposit Debate Spotlights Legislative Gridlock
  • Let's Argue About Student Debt Some More
    Let's Argue About Student Debt Some More
  • Interview That Collapsed Credit Suisse Costs Saudi Financier His Job
    Interview That Collapsed Credit Suisse Costs Saudi Financier His Job
  • Recession 'Here In A Few Months'
    Recession 'Here In A Few Months'

Recent Comments

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Monthly Letters

Lost At Sea

March 11, 2023March 11, 2023

Exiles On Main Street

February 4, 2023March 11, 2023

That’s Great, It Starts With An Earthquake

January 22, 2023February 4, 2023

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