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Selected category: Bonds
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Ray Dalio Says to Abandon Bonds for Cash
Bloomberg is reporting today on statements made by Ray Dalio, the owner Bridgewater, of the world's largest hedge fund, in Singapore yesterday. Dalio is reported to have said, "Temporarily, right now cash is good." And,... Read →
Municipal Bond Update - 2000 May Be Good Roadmap for Direction of Muni Market
In 2000 was the last time we had a census and we had similar types of high expectations, high estimates for what the non-farm data would be when it was released in June. Interestingly enough, 2000 was also a weak period for the US economy or at least there was certainly a great deal of ambiguity. In 2000, municipals and Treasuries rallied fairly significantly, albeit from much higher absolute levels, but I think that you get so much ambiguity around this non-farm data, it's hard to read the employment reports during the summer months as the census data is adjusted for in the numbers.
Read →As you find yourself doing your taxes and cursing while trying to find any conceivable deductions, it is interesting to take a look at the huge discrepancies between state tax levels.
Read →As markets continue to gyrate, corporate and muni bonds may offer steady and in some cases extraordinary returns. Depending on the risk you are willing to take some corporate bonds yield 18%+. Munis can offer 6.5% tax free.
Read →The municipal bond insurance market took a beating during the financial crisis, virtually disappearing. Now the question everyone is asking is, do we need it?
Read →Municipal Bonds Gain - California Munis Could Look Attractive Soon - Regulatory Reform Moves Forward
Municipal bonds had an excellent week last week as, despite the flight to safety in Treasuries, broad-based "de-risking"Â in some asset classes, and more rhetoric about just how bad municipal issuers are (the latest, "Municipals The Next Financial Land Mine?"), muni yields trickled lower.
Read →A slow new issue calendar, uncertainty over whether or not municipals are at risk from a sovereign contagionÂ, low nominal yields, underperformance versus Treasuries, more muted fund flows, tighter evaluated credit spreads, and tax-related selling have undermined confidence in municipal prices recently.
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