Yield

Investor preference toward bond funds, chasing performance, may be left behind once again. Bonds not expected to generate very good returns from current levels based on historical analysis of returns.

• Read more

High Yield bonds rated marginally attractive after continued spread narrowing.

• Read more

“Risk-free bond returns could become return-free risks.” The Leuthold Group has hedged its fixed income position by shorting U.S. Treasuries. May completely hedge entire fixed income exposure later this month.

• Read more

Is the Fed ready to buy Ten Year Treasuries to stimulate the economy? This could certainly lead to another housing/refi boom. But are lower rates really necessary to boost business spending?

• Read more

Is the Fed ready to buy Ten Year Treasuries, if necessary to stimulate the economy? This could certainly lead to another housing/refi boom, but will it be the catalyst to boost business spending/borrowing? We think not.

• Read more

New bond market timing tool discovered. Testing reveals it has a remarkable forecasting record. Currently signaling bond market top!

• Read more

The spread between Long Quality Corporates and twenty year Treasury bonds at the pinnacle is back down to a more normal range, as the Treasury shortage elimination-thesis has fallen apart due to rising budget deficits.

• Read more

We believe it is still an opportune time to add to High Yield positions. The economy is improving and corporate profits are rebounding from depressed levels.

• Read more

Many of the questions in this month’s issue came from November’s client meetings in San Francisco.

• Read more

Huge secular bull market in bonds (emerging in 1981) is topping out.

• Read more

Expect CPI and PPI to both edge higher in second half of year...could be negative surprise, but not something big.

• Read more

Expect CPI and PPI to both edge higher in second half of year...could be negative surprise, but not the start of something big.

• Read more

Near term, bond market may continue to rally as economic reports have become more mixed (less bullish). But long term secular bull market in bonds emerging in 1981 has probably topped out.

• Read more

Expect rally from current oversold conditions, but overall, we think secular Bull Market in Bonds is topping out.

• Read more

Rally due in Q1 2002, but we think Bull Market in Bonds is topping out.

• Read more

Rally due in Q1 2002, but we think Bull Market in Bonds is topping out.

• Read more

Bond Market weakness is adjustment to end of Fed easing cycle.

• Read more

Bond market adjusting to end of Fed easing cycle, expected 2002 economic recovery and corporate rush to lock in lower borrowing costs.

• Read more

Expect further Fed cuts in short rates, but this could do more harm than good.

• Read more

Yield curve has risen dramatically in recent weeks, probably forecasting economic recovery ahead (6-12 months?), but also reflecting deteriorating budget surplus situation.

• Read more