For the second consecutive day, bonds rallied and a strong auction result suggested the Treasury
Category: bonds
Fed ‘LOLables’: Nomura’s McElligott On When Rising Real Rates Will Become A Problem
When it comes to client inquiries, Nomura’s Charlie McElligott hears the following more than any
First Time For Everything And The ‘360-Degree Tapering Debate’
There’s a first time for everything, and Donald Trump was poised to become the first
Old Mac’Donald’
Markets plodded along Tuesday, exhibiting a familiar sense of annoyed apprehension. In simple terms: Anyone
Breakeven ‘Overshoot’ Belies Lingering Disinflationary Probability, One Bank Says
Is the move in breakevens overdone? One bank thinks the answer is “maybe.” If you
Markets React As Dems Secure Historic Victory In Georgia
The market reaction to a blue sweep in Georgia was about like one would expect.
Familiar Feeling
It was a familiar feeling for market participants: Nothing mattered until a contentious election was
False Start, Go Straight To Lockdown
2021 began promisingly enough with the dollar down and global equities bid, but by the
‘Return-Free Risk’
In a world where some $18 trillion in debt “boasts” a negative yield, bonds no
Relatively Speaking
It’s getting pretty stretched out there in equity land, notwithstanding stocks’ “relative” value versus bonds
Enjoy The Money
Another day of convoluted stimulus headlines stateside found lawmakers striking what one Senate aide described
Don’t Leave Town Without It
More incrementally positive developments on the vaccine front bolstered risk sentiment in the US Tuesday
Bond Bears In A Pandemic
The new week will be dominated by talk of a “skinny” fiscal stimulus deal in
The Process
Bad news was good news Friday. Or at least that’s one interpretation of the price
Morgan Stanley’s Mike Wilson Thinks ‘Little Bit Overvalued’ Stocks May Correct
Morgan Stanley’s Mike Wilson, who’s generally bullish on equities headed into 2021, says stocks may
Sell The Best News In Modern History?
There was some market chatter on Wednesday around the notion that vaccine approval and distribution
It’s Urgent
“It’s essential that we move with urgency — inaction will produce a self-reinforcing downturn causing
Great Challenges, Big Dreams
A month chock-full of fireworks and milestones closed on a somewhat muted note, as equities
It’s All Relative: Stocks And Bonds In A Crazy World
It’s all relative. That universally applicable old adage (you can always find a use for
Rebalancing May See $300 Billion Out Of Stocks By Year-End: JPMorgan
It’s time to have the rebalancing discussion again. Or at least if you’re a JPMorgan
Weary & Wary
Market participants headed into the holiday-shortened week weary of increasingly absurd political theatrics and wary
Reports Of 60/40’s Demise Were Greatly Exaggerated (Laphroaig Bottle)
Predicting the demise of 60/40 has been a fool’s errand. To be sure, it’s not
Amid ‘Odd’ Treasury-Fed Spat, Correction Window Opens Ahead Of Assumed Year-End Melt-Up
Prepare for a possible “unclenching.” That’s one message from Nomura’s Charlie McElligott, who, in a
Non Sequiturs & Nonsense
I suppose I was wrong to say, on Thursday morning, that “analysts and economists are
Diminishing Returns And WAM Chatter Galore
As expected, Monday’s encouraging vaccine news from Moderna prompted outperformance from value, small-caps, and other
Head-Fakes And One ‘Giant Logistical Project’
Some would probably tell you the dramatic rotation that played out in the equities space
‘Structural Issues’
If you were a bond bear headed into the US election, things didn’t go entirely
