This is a game in which Jerome Powell & Co. have played their turn, and now await their opponent's move; also here are the bonds to own now.
The Fed has made three big changes to its corporate bond-buying program, and here's my take what the controversial moves mean.
But as jobless claims explode while the coronavirus takes its toll, we have heroes at the nation's hospitals and heroes delivering packages and stocking shelves, and we have possibly the greatest Fed ever.
Is there a fear of inflation? Is there a chance to go negative? What's next? Here's what we can conclude from the body's own words.
As the Covid-19 crisis takes its toll on our people and economy -- and the world's -- we must break things down as simply as possible to see what's happening.
Given recent actions, the way we view fixed income may be changed forever.
After a strong day for fixed-income markets, let's learn from 2008 how to play this volatility.
A U.S. dollar that is rising in value against most other currencies is creating a huge problem for a world inundated with dollar-priced debt.
Action in a lot of these other securities only makes sense if there is a liquidity squeeze going on.
These are not investable markets, yet. Wait it out, the damage is beyond a small fix now.