Archive for the ‘Uncategorized’ Category

Long Time Bond Bull Still Bullish

Saturday, April 10th, 2021

Hoisington Says Bonds Will Soon Escape ‘Inflationary Psychosis’2021-04-09 19:18:37.433 GMT By Elizabeth Stanton(Bloomberg) -- Inflation fears, a key driver of theTreasury market’s biggest quarterly loss in decades, are a“psychosis” that will fade away over the course of the year,Hoisington Investment Management Co. said in its latestquarterly report.“Contrary to the conventional wisdom, ...

Huge Short in TLT

Tuesday, April 6th, 2021

Short Bets in $14 Billion Treasury ETF Say Yield Calm Will Break2021-04-06 16:17:24.422 GMT By Katie Greifeld(Bloomberg) -- As Treasury yields stall near theirprepandemic highs, investors are wagering that the tranquilitywill be short-lived.Short interest in the $14 billion iShares 20+ Year TreasuryBond exchange-traded fund (ticker TLT) has climbed to about one-fifth ...


Monday, February 22nd, 2021

four score and seven years ago our forefathers

Monday, February 22nd, 2021


Corporate ETFs and Risk Appetite

Wednesday, January 24th, 2018

Via Bloomberg : Bond ETFs Awash in Pain May Be Red Flag for Risk Appetite (1) 2018-01-22 14:56:05.415 GMT By Dani Burger and Sid Verma (Bloomberg) -- U.S. corporate debt exchange-traded funds have bled a near-historic sum of assets over the past two weeks, but holders of the underlying securities are paying little heed. The bonds themselves ...

Margin Debt

Thursday, December 28th, 2017

Via Bloomberg; Margin Debt Ratio at NYSE Rises To Most Speculative Since 2003 2017-12-28 14:07:01.421 GMT By Bloomberg Automation (Bloomberg) -- Net debt in New York Stock Exchange customer margin accounts rose to 1.03 percent of companies’ market capitalization in November, the most in data going back to 2003 and a signal that traders became more speculative. * ...

Nary a Whiff of Inflation Here

Saturday, October 14th, 2017

Via Bloomberg: Cleveland Fed Oct. 10Y Inflation Expectations Rose to 1.89% 2017-10-13 18:11:10.646 GMT By Alex Tanzi (Bloomberg) -- Suggests inflation expectations of less than 2% on average over the next decade, according to the Cleveland Fed. * One year inflation expectation at 1.95% v 1.74% a year ago * 5Y inflation expectation at 1.81% v 1.59% a ...

Credit Alert in Big Bank Earnings

Thursday, October 12th, 2017

Via Bloomberg: Bad Omen for Bad Debt in U.S. Bank Earnings 2017-10-12 12:30:38.544 GMT By Laura J. Keller (Bloomberg) -- Increases for bad-debt provisions could end up being a theme this earnings season for big U.S. banks. Citigroup’s provision for credit losses rose 15 percent to $2 billion in the latest quarter, more than expected. Earlier, JPMorgan reported ...

Crowded Trade in Corporate Bonds

Wednesday, August 9th, 2017

Via Bloomberg: Record Set; Clients Hold the Most Corporate Bonds Since 1999 2017-08-09 16:55:35.338 GMT By Robert Elson (Bloomberg) -- Client allocations to corporate bonds jumped to 37.1% in the latest week vs 36.9%, according to the SMR Money Manager Survey Asset Allocation. The previous high of 37.0% was seen in June 2017 and also in August 2016. * ...

Prodigious Corporate Deal

Tuesday, August 8th, 2017

Via Bloomberg: The Smoking Hot Bond Deal of the Summer Is On Its Way: Gadfly 2017-08-08 10:20:28.782 GMT By Marcus Ashworth and Mark Gilbert (Bloomberg Gadfly) -- It's enough to give any treasurer a smoker's cough: launching the third-biggest fundraising ever during the August lull, in an industry that's been roiled by regulators, by a company that's ...