The Continuum; center stage during next week’s inflation data fest

The 30yr Treasury yield takes center stage as inflation data come in With next week’s inflation data orgy we may find out if this chart is truly on its way to a 4% long bond yield and maybe even von Mises’ crack-up-boom territory or just a more epic whipsaw and reversal. The 30yr yield is definitely in full frontal inflation mode at the moment. It … Continue reading The Continuum; center stage during next week’s inflation data fest

A Great Day in the Market! So What?

This is one of those posts that started out as a regular blurb and then it just wouldn’t stop talking, rambling on, getting a little preachy here, promotional there and ultimately, maybe useful to some people too. Sometimes you’ve just gotta write ’em and send ’em out into the world. Today was my best trading day of the year (although I didn’t actually make a … Continue reading A Great Day in the Market! So What?

Junk Bond Echos

Hey Bueller, junk bonds are doing what?  Dropping.  Junk bonds vs. quality bonds are doing what?  Dropping.  Heading into October junk bonds and ratios did what?  Anyone?  Beuller? Look, I am not trying to come off like a wise guy.  I have been having as much trouble making sense of things as anyone else lately.  These bond spreads have been bearish for months and yet … Continue reading Junk Bond Echos