bond rout

5 min read 2021-03-02 07:45:57

Proper Skepticism Even As Aussies Experience A Proper Rout

Australia, by contrast, now that’s becoming a proper bond rout. While the country’s central bank clings to its yield curve “control” fantasy,

5 min read 2021-02-26 07:58:31

Three relatively quick observations surrounding today’s UST selloff.1. The intensity. Reflation is the underlying short run basis, but there is

5 min read 2021-02-26 07:58:31

Three relatively quick observations surrounding today’s UST selloff.1. The intensity. Reflation is the underlying short run basis, but there is

8 min read 2021-02-24 04:31:13

Sell-off. No, rout. Heck with that, Armageddon! It really had been that hysterical at times, and not just because it was declared a foregone

7 min read 2021-01-27 06:04:22

On August 1, 2018, the Treasury Department announced that it was introducing the 8-week T-bill. With deficits up and going higher due mostly to

6 min read 2020-12-29 06:29:40

It was late on a Tuesday night, in the middle of last week, Christmas week of all weeks, with most people already checked out. Having finally

6 min read 2020-12-24 04:15:01

The people who believe they are the Federal Reserve’s biggest critics are actually Jay Powell’s most vocal supporters right now. Rather than

4 min read 2020-06-17 06:16:34

It’s a behavioral shift, one we’ve seen before. Misunderstood because of idiocy like QE, even those who’ve undergone the change fail to

3 min read 2020-06-03 05:38:11

I suppose you can admire their zeal and persistence, but then again what is a zealot without his or her zeal? The desperation by which to rescue the

6 min read 2020-05-21 05:27:24

Count me among the bond vigilantes. On the issue of supply I yield (pun intended) to no one. The US government is the brokest entity humanity has

7 min read 2019-08-13 05:14:30

It is absolutely amazing the lengths people will go to in order to deny the most straightforward and obvious explanation; to torture and twist plain

6 min read 2019-06-04 03:00:05

Reality has begun to dawn across Wall Street’s Economists. This year isn’t going to go the way everyone thought. Even as late as last November

6 min read 2019-04-06 03:11:09

Critics of government debt, a group which really should include every taxpayer, like to point out how governments prefer to pay back that debt with

5 min read 2019-04-03 05:08:19

Over the last several years, we’ve been bombarded with mainstream stories about how interest rates have nowhere to go but up. Inflation, recovery,