Yearly Archives: 2015

Bonds / Risk Management

Junk’s Bearish Market Divergence Continues

Junk bonds have bounced with Santa (nominal HYG, top panel), but have remained locked in downtrend all through the bounce.  Further, Junk vs. Investment Grade and long-term Treasury are still…

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January 2, 2015
Interest Rates

Yield Curve Today

Pardon the previous edition of this post.  I imagined that the curve was rising, but it is in fact dropping a bit today as the market flies around post-ISM.  As…

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January 2, 2015
Economy

December ISM (PMI @ 55%)

I have highlighted the more relevant items with green being positive and red not so much.  Not a bad report, but there is slight deceleration in the workings of this…

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January 2, 2015