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Selected category: Bonds
Bill Gross can't ditch US treasuries fast enough. Here's why!
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Stong 10-Year Treasury Auction Quells Rate Fears - For Now
Today's strong auction of 10-year Treasury Notes quelled fears that rates may push higher in the future. For now, the 10-year seems contained below 4%. The strong bid to cover ratio shows that Uncle Sam has no problem borrowing money at... Read →
10-Year Treasury Bonds Hit 4% for First Time Since 18 Months
Ten year US Treasury Bonds reached 4% yesterday for the first time in 18 months as good economic data and upcoming auctions drove yield up and prices down.
Read →The municipal market weakened into quarter end on low volume and a shortened trading schedule last week. Treasury bond losses are exacerbating seasonal tax-related selling pressures, and, with another huge Treasury offering calendar this week and at least temporary confidence in stronger growth, our market could be situated for more of the same this week. However, a new quarter should also refresh institutional risk taking, and higher yields up front could begin to re-attract investors.
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Pimco or Vanguard--Who's Got The Right Idea?
The biggest bond management fund on Earth says don't look for big returns. Vanguard Funds says otherwise. Who's got the right idea?
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State Bonds A Bad Place To Park Savings?
Growing instability in the state economic markets--not to mention the inability to print cash to pay bills--puts states in a bad place in about paying debts.
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A Bear Market Coming In United States Bonds?
Two years ago, everyone wanted United States bonds. But will they stay wantable much longer?
Read →As you find yourself doing your taxes and cursing while trying to find any conceivable deductions, it is interesting to take a look at the huge discrepancies between state tax levels.
Read →Munis were substantially weaker last week, with accounts impelled by soft Treasury auctions to realize gains and address near-term risks by moving farther out along the yield curve. Tax-related selling facilitated the upward shift in yields. By Friday, the tax-exempt curve had flip flopped; aggressive levels up front had turned concessionary and a formerly buyer-friendly long end appeared aggressively priced for the first time in months.
Read →We discuss the outlook for the High-Yield Bond market.
Read →The municipal market continues to defy mean reversion, although last week modest spread widening did occur as the Treasury market unspooled some pricing strength up front and as opportunistic institutional holders took a chance to realize some gains. Still, the net effect was very limited and tax-exempts outperformed a flattening Treasury curve. There are still more things at work in our sectorââ¬â¢s favor.
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