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Bond market pauses: Are bond prices ahead of themselves? Have yields dropped too far?

Look for an opportunity to buy Treasuries

Look for an opportunity to buy Treasuries at a short-term peak in yields. With a debt filing extension in effect and default off the table, the U.S. Treasury can now turn to the task of rebuilding its cash buffer. That means selling lots of Treasury bills, notes, and...
Please Watch My YouTube Video: 6% Yes, 8% No

Please Watch My YouTube Video: 6% Yes, 8% No

Today I posted my two-hundred-and-fortieth YouTube video: 6% Yes, 8% No. Today’s topic is: 6% Yes, 8% No. I’ve been saying that I think 6% is the peak for interest rate increases from the Federal Reserve this cycle. Inflation is not coming down as fast as...
Flight to safety means selling anything today

Flight to safety means selling anything today

With Russian troops laying siege to Ukraine’s two largest cities, I certainly don’t blame financial markets for a high degree of anxiety. After all investors and traders are also looking at the consequences of massive sanctions piled on Russian banks...
Bond market pauses: Are bond prices ahead of themselves? Have yields dropped too far?

Treasury yields broke out of their range last week

After being range-bound for months, yields on the 10-year Treasury broke through the top of a range that’s held since mid-July. Yields ended the week at 1.45%. The 50-day moving average on 10-year yields was 1.29% on Friday. The 2021 low, set in August, was...