Bonds
A December to Remember: A Look at Fed Action from Last Year
Let's look back to a year ago this month, when most investors saw volatility and a lack of liquidity; and then turn to now, as the tariff deadline looms and the VIX vs. VIX futures gap widens.
Fed Gov. Brainard Gives Clues to Slowdown Strategy
Influential Federal Reserve Governor Lael Brainard spoke this week about how the Fed might combat a recession -- investors should listen up.
To Truce or Not to Truce?
As we hear the ongoing dueling news of either a looming tariff hike or trade truce, here is my take on the possibility for either against the bigger backdrop of central banks and liquidity.
We're Seeing Something Strange in the Credit Markets Right Now
BB- and B-rated bonds have performed well lately, but CCC-rated bonds are a different story -- this divergence hasn't happened in nearly two decades and it gives clues about what to expect for 2020.
From Treasuries to Trade: 11 Topics to Watch
Here are my views on topics including interest rate risks, events in Europe that could push European yields higher and the ongoing trade talks between Washington and Beijing.
This Market Is Very Sticky - Sticky to the Upside
Quite a few loud bears are predicting downside but that seems to work as a contrary indicator.
Why a Walgreens Buyout Could Stink for Corporate Bond Investors
Reports of two potentially major buyouts show the risks of late-cycle corporate bond investing.
This Market Is In a Classic Case of Duration Mismatch
Investors are borrowing money more and more from the future to buy into risky assets today.
Fed Rate Cut: What the Central Bank Is Saying and What to Expect From Here
It makes a lot of sense for the Fed to wean the market off its reliance on explicit forward guidance, but it won't be easy.
Yields Are Going Higher: What to Sell and What to Buy
Why I'm very bearish on the long end of the yield curve and how to play it.