Articles
Selected category: Bonds
A New Reason To Consider Greek Bonds
The "Greece Fire" is still going on--but is there a new possible reason to buy Greek bonds?
Read →
Is Portugal Next?
The PIGS nations aren't out of the woods yet--all eyes are on Portugal as the next to fall.
Read →
Airline Bonds Get Boost After Big Merger
United and Continental's merger had an unexpected effect on the bond market.
Read →
Three Reasons Why Bonds Are Looking Better Than Ever
It doesn't exactly suggest itself, but in these days of huge volatility, bonds may be the place to stay.
Read →
Dr. Doom Predicts Same Over Europe
Nouriel Roubini, the so-called Dr. Doom of the financial markets, isn't optimistic about Europe.
Read →
Greece Is Now A Junk Bond
The S&P has downgraded Greece's bond status to junk. Who's next?
Read →The municipal bond, long thought to be one of the greatest safe-haven securities of all, is losing ground to riskier and higher-yield investments.
Read →Bill Gross can't ditch US treasuries fast enough. Here's why!
Read →The municipal market weakened into quarter end on low volume and a shortened trading schedule last week. Treasury bond losses are exacerbating seasonal tax-related selling pressures, and, with another huge Treasury offering calendar this week and at least temporary confidence in stronger growth, our market could be situated for more of the same this week. However, a new quarter should also refresh institutional risk taking, and higher yields up front could begin to re-attract investors.
Read →
Pimco or Vanguard--Who's Got The Right Idea?
The biggest bond management fund on Earth says don't look for big returns. Vanguard Funds says otherwise. Who's got the right idea?
Read →
State Bonds A Bad Place To Park Savings?
Growing instability in the state economic markets--not to mention the inability to print cash to pay bills--puts states in a bad place in about paying debts.
Read →
A Bear Market Coming In United States Bonds?
Two years ago, everyone wanted United States bonds. But will they stay wantable much longer?
Read →Munis were substantially weaker last week, with accounts impelled by soft Treasury auctions to realize gains and address near-term risks by moving farther out along the yield curve. Tax-related selling facilitated the upward shift in yields. By Friday, the tax-exempt curve had flip flopped; aggressive levels up front had turned concessionary and a formerly buyer-friendly long end appeared aggressively priced for the first time in months.
Read →The municipal market continues to defy mean reversion, although last week modest spread widening did occur as the Treasury market unspooled some pricing strength up front and as opportunistic institutional holders took a chance to realize some gains. Still, the net effect was very limited and tax-exempts outperformed a flattening Treasury curve. There are still more things at work in our sectorââ¬â¢s favor.
Read →Scarcity of well-rated, tax-exempt bonds continues to support very low nominal yields on municipal bonds, with an assist last week from a stronger Treasury market. Throughout the crisis, municipals have been variously treated as a safety instrument (that moves with Treasuries) and a spread product (that moves counter, generally). At this point, there are enough buyers along most of the yield curve to outweigh increasingly hyperbolic reporting on the looming credit crisis in our sector.
Read →
