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Bonds Commentaries

Showing Posts 1 - 3 out of 3 found.

Treasury Watch

Treasury Watch

--Several news sources are coincidentally citing debt levels.  WSJ has a big chart outlining consumer debt levels in the US, warning that risks are growing.  However, the household debt obligation ratio is not flashing any warning signals as of now.  In the US the problem is likely to come from the corporate sector, where non-fin corp debt is near a 30 year high at 45% of GDP (Daily Shot). ...

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US Yields Maintain Downside Bias

US Yields Maintain Downside Bias

--Once again US yields edged lower Wednesday, with tens -1.4 bps to 178.2.  The curve had a flattening bias, with red/gold euro$ spread at just 74 bps, -2 on the day.  Weakness in stocks was a partial driver, though the US market appears to be the beneficiary of safe haven flows during Asian hours, with concerns about China's massive debt load continuing to draw scrutiny.  For example, BBG...

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Can't Have a 3 Standard Deviation Move Every Day

Can't Have a 3 Standard Deviation Move Every Day

Yields fell after the FOMC meeting, with the ten year treasury -7.5 bps to 185.6, however, the Bank of Japan's inaction is a much larger influence on prices across the board this morning.  US yields have pushed even lower as the Nikkei fell 3.6% and $/yen traded in the low 108 handle, near new lows.  These moves are likely to cause reverberations and a possible risk-off episode across asset...

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