Asset managers hold their largest net position in 30-year bonds in over five years.... Read More
An update on muni yields and total returns since the beginning of 2019... Read More
Over $50 billion flowed into bond funds in January. The majority of this came via corporate bond funds, which saw a record inflow of almost $30 billion.... Read More
An update on the universe of negative-yielding debt... Read More
The Sherman Ratio shows investors are receiving very little yield for the risk they are taking.... Read More
The Bloomberg Barclays Global Aggregate Index ended 2019 with a market value of almost $57 trillion. This can be broken down by security type, country of origin, currency, rating and maturity.... Read More
An update on the universe of negative-yielding debt... Read More
Wyoming recently topped Illinois with the highest muni yield in the country.... Read More
An aging developed-world population is driving a global savings glut. This is driving a massive bid for fixed-income investments, resulting in negative real yields across the developed world. Do not look for this to reverse anytime soon.... Read More
U.S. bond yields have posted one of their largest 10-day declines in the past 35 years. Previous such instances occurred during major stress points in the markets.... Read More
Despite the Fed's 25 basis point rate cut last week, fed funds remains one of the highest-yielding debt instruments in the developed world.... Read More
Newsletter writers and futures positioning offer different views of Treasury bond sentiment.... Read More
As yields continue to push lower across the globe, we offer a look at the universe of negative-yielding debt.... Read More
10-year yields have fallen during U.S. and Asian trading hours in 2019, but have chopped sideways during European trading.... Read More
China and Japan are now on equal footing in regards to their holdings of U.S. Treasuries. This month's data also shows China did not weaponize its Treasury holdings in a knee-jerk reaction to the trade war's escalation in early May.... Read More
Only 6.49% of developed countries' sovereign debt currently offers a higher yield than the federal funds rate.... Read More
The Bloomberg/Barclays Corporate Index has returned 9.61% YTD, making 2019 one of the best total return years on record.... Read More
The market value of negative-yielding bonds across the globe recently hit a new record of $12.75 trillion. This is 23% of the total amount of sovereign debt outstanding.... Read More
Large speculators are typically thought of as contrarian indicators. When they get too extreme one way, go against it. Right now, they are betting on higher rates on the long end of the curve and lower rates at the short end of the curve.... Read More
Bond mutual funds and ETFs saw near-record inflows in the first quarter of 2019.... Read More