Bonds

Fed Taper Fears? Not Showing Up Yet…

Taper! No taper! Taper! Any Fed Taper fears out there? Personally, I don’t think the FED is going to taper anytime soon. But that hasn’t mattered to the equity markets thus far. Ben Bernanke first uttered the word “taper” back in May, and that resulted in a massive re-pricing of…

US Treasuries: The 10-Year Yield Breakout Holds

US Treasuries don’t seem to be backing down on the timeline for reducing QE. Sovereign yields are flying today on the (p)resumptive taper trade following solid GDP and Employment data. Following Thursday’s better-than-expected Advance GDP print (2.8% v. 2.0% expected, 2.5% last) and today’s +204k NFP release, the US Treasury…

Did Lumber Prices Forecast The Top In The 10 Year Yield?

Lumber prices in the beginning of the year surged to a new all-time high of $411.50. In mid-March, Lumber prices began to plunge and fell -32% to $276.20. I did some digging into this steep drop and wanted to share a couple of quick correlation observations. First and foremost, I…

Why Bond Yields May Continue to Fall

Back in July I wrote a piece on “Why Bond Yields may be Headed Lower Short-Term” and it has played out just as I suspected. Bond Yields moved towards the top target noted on the chart below, and in my prior post, as the highest level I suspect rates to move in 2013. And…

US Treasuries: Is “Blood In the Streets” Yet?

I posted a longer hit on the topic of a possible and widely underappreciated stealth US Treasuries rally in the making last week – recommended reading, even if only to balance the bondpocalyptic froth that has built up since talk of the Fed tapering LSAP began in May – but…

A Closer Look at the 10 Year Treasury Note (TNX)

Last weekend I posted daily and weekly charts on StockTwits of the 10 Year Treasury Note (TNX). As a follow up, I’d like to use this blog to provide an update and open a dialogue about rates over the short and long term. So let’s take a look at that 10…

Why Bond Yields May Be Headed Lower Short-Term

First, I want to note that I agree with the masses that bond yields (interest rates) are ultimately going to be higher over the next few years. That said, on a 2 to 3 month basis, I think the masses are going to be surprised by a move back lower…

Global Financial Markets, In Pictures

By Andrew Nyquist     It doesn’t take 20-20 vision to see that the U.S. stock market is off to a good start in 2013. Similar to last year, the U.S. equity markets came out of the gates kicking up dirt and racing for higher ground. More impressive, the U.S. markets have done…