Category Archives: Bonds

Portugal’s Bond Swap

Posted on October 3, 2012 by macromon

Interesting swap.  Note Portugal’s 10-year sovereign spread relative to the German bund has come in 423 bps this year.  The 10-year government bond now yields under 9 percent. (click here if video and chart are not observable)

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The S&P500’s Stairway to Heaven

Posted on August 16, 2012 by macromon

Stunning price action during these low volume dog days of August.   The market keeps marching higher and just won’t go do down to allow the under invested an opportunity to get long. Ugh! The summer night sweats of a money … Continue reading →

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

10-year T-Bond Yield & Apple’s Gravestone Doji

Posted on August 14, 2012 by macromon

Not much for you today, folks. The only notable things that caught our attention was the 10-year Treasury yield closing above resistance thus negating what could have been a short-term island top in yields, a common chart pattern in the … Continue reading →

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Bonds Away?

Posted on August 8, 2012 by macromon

The 10-year Treasury yield is starting to bump up against some key resistance levels around 1.68-1.70 percent.   Can’t tell you what it means in these  squirrelly markets, but it is confirmation of the rally in equities. We’re waiting for the … Continue reading →

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The Ideal Portfolio: Gold, Sugar, Bunds & Francs

Posted on July 2, 2012 by macromon

Imagine your investment adviser proposing a sweetened barbell portfolio of gold, white sugar, Swiss francs, and German bunds in 2007 with a 5-year time horizon.   You would of likely canned the wacko faster than they sold Nike stock last week. … Continue reading →

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Charlie Rose: Erskine Bowles and Alan Simpson

Posted on March 31, 2012 by macromon

Excellent discussion on the U.S. fiscal crisis with Erskine Bowles and Alan Simpson.  They were co-chairs of the National Commission on Fiscal Responsibility and Reform, commissioned by President Obama in 2010 to identify “…policies to improve the fiscal situation in the … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Economics, Interviews, Politics, Sovereign Risk, State and Local Government | Tagged , , , | 1 Comment

Kondratiev Wave: End to 30-year bond market rally

Posted on March 20, 2012 by macromon

Interesting stuff from this morning’s CNBC European Squawk, The updated reading of the work of 1920s Russian economist Nikolai Kondratiev shows that interest rates have reached the bottom of a 60-year-long wave, and are bound to go up, Chris Watling … Continue reading →

Posted in Black Swan Watch, Bonds, Equities | Tagged , , , , , | 3 Comments

Ugly Chart Contest: Safe Haven Swan Diving

Posted on March 19, 2012 by macromon

There’s something happening here What it is ain’t exactly clear…. Everybody look what’s going down – For What It’s Worth – Buffalo Springfield,  circa 1967 The former safe havens – U.S. treasury bonds, gold, and the Japanese yen — have … Continue reading →

Posted in Black Swan Watch, Bonds, Currency, Dollar, Economics, Gold, Japan | Tagged , , , , , | 2 Comments

Happy St. Patrick’s (Maweyn Succat) Day!

Posted on March 17, 2012 by macromon

In case you’re wondering,  Maweyn Succat was St. Patrick’s real name and he wasn’t even Irish!.   Click here for some great background and history of St. Patrick’s Day. Go Paddy, Rory, Graeme, and Darren! Happy St. Patrick’s Day!  Not … Continue reading →

Posted in Bonds, General Interest, Picture of the Day, PIIGS | Tagged , , , , , , | 2 Comments

Is the Bond Market’s Arab Spring Upon Us?

Posted on March 14, 2012 by macromon

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