Thu, Jun 27 2019, 8:43 AM
In the day just past, bond markets weakened at a reasonably quick pace. The initial motivation was a headline regarding the prospects of a US/China t...
Wed, Jun 26 2019, 5:22 PM
Things have been bright and sunny for the bond market without any troubling exceptions since mid-April. During that time we've only seen 10yr yields ...
Wed, Jun 26 2019, 9:59 AM
In the day just past, bonds extended the gains seen on Monday with 10yr yields hitting 1.98% before encountering resistance. The gains are most readi...
Tue, Jun 25 2019, 5:38 PM
Bonds were roughly unchanged overnight but soon began to improve at the CME and NYSE opening bells. Weak economic data at 10am didn't hurt the rally,...
Tue, Jun 25 2019, 9:25 AM
In the day just past, bonds returned from the weekend with an unexpected fervor--at least in terms of outright improvement in yields. Looking beneath...
Mon, Jun 24 2019, 4:59 PM
Friday was tense for the bond market, with selling pressure that was just big enough to cause concern about a bigger correction, and buying support ...
Mon, Jun 24 2019, 9:19 AM
In the week just past, bonds were preoccupied with central bank communications. Wednesday's Fed announcement was going to be the only game in town, b...
Fri, Jun 21 2019, 6:46 PM
The bond market took an entire day to reiterate what it told us yesterday afternoon. Simply put: it's not interested in rallying much more than it al...
Fri, Jun 21 2019, 10:16 AM
In the day just past, bonds initially extended the post-Fed gains with 10yr yields briefly hitting 1.973% before bouncing to end unchanged on the day....
Thu, Jun 20 2019, 6:41 PM
A break below a big psychological technical level in bond yields can be a great thing to behold, but it can also be a signal that it's time for bonds ...
Thu, Jun 20 2019, 8:58 AM
In the day just past, bonds were primarily concerned with reacting to the Fed announcement, press conference, and updated economic projections. Even ...
Wed, Jun 19 2019, 6:35 PM
As expected, today was all about the Fed-related events. Yields moved exactly as far we thought they might based on the Day Ahead, AND in a friendl...
Wed, Jun 19 2019, 2:02 PM
Information received since the Federal Open Market Committee met in March May indicates that the labor market remains strong and that economic acti...
Wed, Jun 19 2019, 9:35 AM
In the day just past, bonds surged to the best levels since 2017, with 10yr yields coming within 0.002% of the lowest yields since Nov 2016. The key ...
Tue, Jun 18 2019, 5:34 PM
This week's big to-do had been and continues to be tomorrow's Fed announcement, press conference, and updated forecasts. The Fed's European counterpa...
Tue, Jun 18 2019, 9:34 AM
In the day just past, bonds did absolutely nothing new or interesting. Yields continued to trade in a narrow, sideways range--one that has persisted ...
Mon, Jun 17 2019, 9:25 AM
In the week just past, the bond market began by threatening to bounce toward higher rates after an impressive, 5-week rally to the lowest levels since...
Fri, Jun 14 2019, 6:27 PM
Somehow, the bond market managed to end the week at 2.084% (10yr yield) which is exactly where it ended last week. In all my years of market-watching...
Fri, Jun 14 2019, 8:31 AM
In the day just past, bonds managed to add modestly but meaningfully to a 2.5-day rally that's acted to keep them in a consolidation pattern. After I ...
Thu, Jun 13 2019, 5:04 PM
Monday and Tuesday were a bit nerve-racking as it looked like yields might break back above the pre-Mexico-tariff-threat gap in the 10yr yield chart. ...
Thu, Jun 13 2019, 9:23 AM
In the day just past, bonds built on the Tuesday's strength following a correction to the weakest levels in more than a week. 10yr yields briefly mad...
Wed, Jun 12 2019, 4:28 PM
Yesterday morning saw bonds weaken enough to cause some small measure of panic among bond bulls. Said bulls had been nodding their heads all last wee...
Wed, Jun 12 2019, 9:20 AM
In the day just past, bonds initially gave the impression that they were continuing to correct toward higher yields after weekend news of a trade "dea...
Tue, Jun 11 2019, 8:30 AM
In the day just past, bonds traded to their highest yields in more than a week--something that hasn't been too common in the past few months. In fact...
Mon, Jun 10 2019, 5:01 PM
Bad news for bonds today as Trump shelved the threat of tariffs on Mexico that helped fuel the sharpest leg of the recent rally 2 weeks ago. Perhaps...
Mon, Jun 10 2019, 8:58 AM
In the week just past, bonds moved aggressively sideways at long-term yield lows after coming out of the gate strong on Monday. There were several n...
Fri, Jun 7 2019, 5:35 PM
The labor market has been the last bastion of defense against the various threats to the current economic expansion. Inflation may be intractable. ...
Fri, Jun 7 2019, 8:25 AM
In the day just past, bonds managed to hold perfectly flat despite several big-ticket market movers in play. These included the European Central Ba...
Thu, Jun 6 2019, 6:03 PM
In hindsight, it's been a boring week for bonds with each trading day falling mostly inside Monday's range and easily inside the 2-day range set by ...
Thu, Jun 6 2019, 8:58 AM
In the day just past, bonds maintained a range that fell almost perfectly inside the range from the previous day. The same was true of the previous...
Wed, Jun 5 2019, 5:00 PM
Yesterday was the first day of major selling that we've seen in more than a month in that 10yr yields moved up more than 5bps from the previous clos...
Wed, Jun 5 2019, 9:14 AM
In the day just past, bonds put in their biggest day of weakness since mid-April on what looks to have been a purely technical correction. It was an ...
Tue, Jun 4 2019, 8:45 AM
In the day just past, bonds continued to push feverishly into the lowest yields since 2017. In fact, 10yr yields were only about 1bp away from the l ...
Mon, Jun 3 2019, 9:17 AM
Trading weeks don't get much more action-packed that this. Bonds are coming off a surprisingly stellar week. After Trump turned his trade war comm...
Fri, May 31 2019, 4:56 PM
After at least 2 days of (or more) of relatively disconnected markets (i.e. trading levels weren't reliably following any single market mover), today ...
Fri, May 31 2019, 8:34 AM
In the day just past, bonds traded an "outside day" (high and low yields of the day fell OUTSIDE the highs and lows from the previous day). This sign...
Thu, May 30 2019, 9:27 AM
In the day just past, bonds started out in stronger territory only to lose ground by the closing bell. This wasn't necessarily destined to be the cas...
Wed, May 29 2019, 5:05 PM
The bond market started the day off in much stronger territory after solid overnight gains. These could be viewed as a factor of weak equities market...
Wed, May 29 2019, 9:26 AM
In the day just past, bonds extended a rally that was called into question by last Friday's narrow, sideways trading day. Credit was primarily due to...
Tue, May 28 2019, 5:53 PM
Bonds rallied sharply today on a combination of factors that are debatable in their direct bond market implications. In a general sense, European bon...
Tue, May 28 2019, 9:59 AM
In the week just past, bonds threw a vicious head-fake. After 2 weeks spent moving lower inside a well-established trend, yields looked to be breakin...
Fri, May 24 2019, 5:53 PM
Today's headline could just as easily serve as the entire recap. By the time we get past the fact that Durable Goods came out much weaker than expect...
Fri, May 24 2019, 8:52 AM
In the day just past, both stocks and bonds too part in a big risk-off trading pattern (stock prices and bond yields moving lower). Inspiration came ...
Thu, May 23 2019, 5:49 PM
Both stock prices and bond yields moved sharply lower today for a combination of reasons. Trade tensions are ongoing, with visible effects being in...
Thu, May 23 2019, 9:12 AM
In the day just passed, bonds rallied somewhat sharply as headlines suggested Theresa May was soon to be ousted as Britain's prime minister. Is it po...
Wed, May 22 2019, 5:11 PM
Last we checked, it was going to be October before Brexit had its next hard deadline. So it was quite the back burner sort of market mover this week-...
Wed, May 22 2019, 9:18 AM
In the day just past, bonds continued moving higher in yield, adding distance between themselves and the unexpectedly low levels seen during the trade...
Tue, May 21 2019, 5:11 PM
Bonds have been threatening to end their pleasantly surprising stint of gains over the past few weeks on each of the past 4 business days. Yesterday'...
Tue, May 21 2019, 9:31 AM
In the day just past, bonds weakened moderately amid the lightest volume in more than 3 weeks and a relative absence of market moving data/events. Th...
Mon, May 20 2019, 6:25 PM
Both stocks and bonds have been edging back into less panicked territory after trade war drama fizzled out last week. In other words, stock prices an...
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