Tag Archives: Bond Market

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 , , , , , | 27 Comments

Is a lack of liquidity in bond markets surprising? – FT

Bond markets have been dominated by talk of a liquidity drought. Isaac Chang, global head of fixed income at KCG, joins US capital markets reporter Joe Rennison to talk about what the issue and offer his thoughts on where markets … Continue reading

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Spain bailout pressure mounts

(click here if video is not observable)

Posted in Black Swan Watch, PIIGS, Sovereign Debt, Sovereign Risk, Spain | Tagged , , | Leave a comment

Is the Bond Market’s Arab Spring Upon Us?

Ugly action in bonds over the past few days. In last month’s post,  Is the Fed ready for the bond market’s Arab Spring?, we suspected the Fed needed more ammo to continue their repression of long-term rates.   Yesterday Mr. Bernanke … Continue reading

Posted in Black Swan Watch, Bonds, Budget Deficit, Sovereign Debt, Sovereign Risk | Tagged , , | 1 Comment

Is the Fed ready for the bond market’s Arab Spring?

We’ve updated our database of the Federal Reserve’s ownership of the U.S. Treasury coupon curve.  The resulting chart highlights a couple of interesting issues about its structure and holdings of outstanding notes and bonds. First, though nothing new, it shows … Continue reading

Posted in Black Swan Watch, Bonds, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 3 Comments