Category Archives: Bonds

The Broken Bond Market

The Fed tightens on Wednesday and bonds rally.  What the hay? GaveKal, Jeff Gundlach,  and Jim Bianco nailed it in that every spec and their mother are/were short 10-year Treasuries. Source: Quandl (see here for interactive chart) But this is … Continue reading

Posted in Bonds, Monetary Policy, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 22 Comments

The Bond Gold Correlation

We have written quite a bit about the dynamics driving the gold market.  See here and here. As the short covering rally in the bond appears over and the Fed ramps up for more rate hikes, global PMIs and inflation … Continue reading

Posted in Bonds, Gold | Tagged , , | 4 Comments

French Oat-German Bund 10-year Spread

Starting to get interesting.   The French 10-year Oat- German 10-year bund spread widened and closed at its highest level since January 2014 on Friday.  Francois Fillon has dropped like a stone in the past few weeks as the political scandal … Continue reading

Posted in Bonds, Eurozone Sovereign Spreads, France, Uncategorized | Tagged , | 1 Comment

French Oat-German Bund 10-year Spread

The spread on the French 10-year and German 10-year widened almost 10 bps this week and is now approaching 2014 highs.  François Fillon prospects in the betting markets dropped like a stone in the past week over the scandal his … Continue reading

Posted in Bonds, Euro, German Bund, Germany | Tagged , | Leave a comment

What’s Behind the Gold Rally?

Short covering in the bond market. Don’t believe it?  Check out the chart below. Gold is up 7.7 percent since the December 15 low the same day the 10-year Treasury yield peaked at 2.60 percent. Why are Treasuries rallying?   … Continue reading

Posted in Bonds, Gold, Uncategorized | Tagged , | Leave a comment

Watch This Space: Oat-Bund Spread

Image | Posted on by | Tagged , , | Leave a comment

TOTD: Who Owns The Treasury Market?

(TOTD = Table of the Day)

Posted in Bonds, Uncategorized | Tagged | Leave a comment

Quote of the Day: Bond Market Nutcracker

So while the technically-driven surge in equities may be over, a historic short squeeze in Treasuries may be about to unfold, as according to DB calculations, shorts in bond futures the largest in over 6 years with positions short across … Continue reading

Posted in Bonds | Tagged , | Leave a comment

Flat markets – FT

The S&P 500 is flat for the year, and the yield curve is flattening. John Authers tries to explain why. For more video content from the Financial Times, visit (click here if video is not observable)

Posted in Bonds, Equities | Tagged , , , , | Leave a comment