Bonds Analysis & Comment

Last year’s famine has turned to feast in the bond market in 2023 as the riskiest slice of fixed income tops year-to-date results through yesterday’s close (May 17), based on a set of...

The wide spread between the US 10-year Treasury yield and CapitalSpectator.com’s lesser fair-value estimate continues to narrow, albeit slowly. As outlined on these pages in recent months, the...

As the Federal Reserve continues to fight inflation by raising interest rates, the market is growing uncertain about future rate hikes.Today, we share a chart comparing the 10 Year Treasury...

Trailing yields have recently increased for most of the major asset classes, based on a set of ETF proxies. The question is whether the relatively high payout rates offset concerns about the...

Markets are understandably skittish about the health of the financial sector, which allows bonds to act as a safe haven. We would be wary of acting on large market moves ahead of a week heavy in event...

The 10-year Treasury rate continues to trade well above CapitalSpectator.com’s fair-value estimate, but the days of a large premium look numbered. As evidence mounts that inflation continues to...

If you have been reading my public articles on the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) over the last half a year, then you would know of my expectation to see the bond market rally into...

Two hundred and sixty Fed meetings will occur between the issuing and maturing of a United States 30-Year Treasury bond. There will be 260 times when the Fed raises, lowers, or does nothing with Fed...

Bank contagion has officially spread to international markets, raising fears that last week’s dramatic failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank may be just the start...

With bond yields (and interest rates) rising sharply, it’s understandable that most of the world is hoping for lower rates.Lower interest rates allow for more flexible lending to both businesses...

Cash is no longer trash, courtesy of sharply higher interest rates. Trailing yields on risky assets are looking up too.The source for the change in payout rates, of course, is a run of rate hikes by...

There is a time to be long, a time to be short, and a time to go fishing.As inflation skyrocketed and the Fed turned hawkish, bonds were kryptonite for investors for most of 2022: it was time to be...

US consumer inflation continues to ease, but less so than expected in January. Yesterday’s update suggests that the Federal Reserve will see the latest numbers as a new sign that pricing...

After taking a beating last year, US fixed income securities have clawed back some of the losses so far in 2023, based on a set of ETFs through yesterday's close (Feb. 9). But with the Federal Reserve...