Sitemap - 2021 - The BondBeat
USTs MIXED into month/years-end w/1st annual LOSS since 2013
As low REALZ RISE and CB QE moderates with a$$et valuations so high ...
Gary Shilling VIEW: It's All Uphill From Here for Corporate America
Q3 Slowdown in Real GDP Growth Evident in Nearly Every State
NYSE margin debt & buybacks cut both ways ...
Bloomberg VIEW: Inflation and CHINA to rattle markets in 2022 (El-Erian)
What Thomas Hoenig (KC Fed) new and when did he know it...
"... sociable selling flows ..." in USTs and "Riskier Bonds Rule"
FT: Hedge funds bet against market pessimism on US economic outlook
5yy (bearish)'wedge' consolidation
CapEX losin' some momo (TX, KC and Philly); FOMC composition unfolding ...
stock vs flow; specs increasing (10yr) short base
news, while we slept and an extremely short view
USTs tday: a quintessential show 'bout nothing ...
"The Bear Case Is Clear, but Will Price Confirm?"
"Are Rock-Bottom Bond Yields 'Irrational'? -Gavekal
Merry Xmas and a happy, healthy new year!
Observations from global Wall Street's inbox...
"Today I convened individual calls with the CEOs of the nation's six largest banks..."
Happy bday to the Federal Reserve
Claims are for the NFP survey week ...
The beginning of the end of the year...
WFC: Monetary Policy Monitor: December 2021
Here’s What Won’t Happen in 2022
Mortgage rates fall (4wk low) BUT...
BBG: Gilts Underform Bunds, Treasuries; Equities Steady
MNI: Risk-on and inflation expectations driving core FI
NWM Unit Pleads Guilty to Manipulating Treasury Markets
Rolling With Inflation Was a Winning Move in 2021
WSJ: Booming U.S. Economy Ripples World-Wide, Straining Supply Chains and Driving Up Prices
Fed pivot is DOVISH? Kocherlakota's latest OpED
Mansion a firm 'NO' so BBB unlikely to pass (GS on consequenses) ...
Sellside observations for week ahead
Tech Tension and Tightening Drains Risk Appetite
Our Favourite Charts of 2021 (WFC)
Annual REAL returns for 10yr USTs over past 100yrs
Equities Rally, USTs Outpeform As Curves Steepen
while we slept ... USTs aggressively UNCH
A(nother) Fed Day (stock) Playbook
NFIB: Small biz optimism up slightly
What happens when Fed hikes, QE ends
UST volumes "uninspired" @ 52%
When the Fed hikes: what happens next?
Timeline of balance sheet normalization...
Bond Traders Stare at Worst Real Returns Since Paul Volcker Era
An extremely unusual (late) cycle
Fed to DOUBLE Taper, Steepen Rate Path
Big Week For Central Banks (And Omicron)
Sellside observations for week ahead...
On the 1st day of XMAS my Tech-A-Mentalist gave to me ...
As goes RENT (OER), so goes CPI
"Are real incomes better than reported?"
Wu-Xia Shadow Federal Funds Rate
approaching policy error territory (DB)
USA: JOLTS Job Openings Increase More than Expected in October (Goldilocks)
A few Sell Side Observations ...
A few sell-side observations and comments
Equity + Energy Rally Continues
It was the best of times, it was the worst, least liquid of times ...
More chips required for global car production
NFP: revisions, URATE, seasonals KEEP higher rate hope alive
bond yields, trannies and R2k OH MY
a few sell side observations (part 1)
MBAs REFI DEMAND PLUNGED 15% BUT ...
RTRS: ECB governors mull delaying call on future bond buys as outlook murky
Omicron, Broken Crystal Balls, 2022 Outlook
Retirement Party? (transitory)
IMF: Global Fin'l Safety Net has 'expanded significantly'
Options 101. "Unbalanced Leverage"
750k NonFarm Payroll (NFP) jobs Friday
Asset Prices, Leverage and Portfolio Rebalancing ...
"... net new bond issuance should be high ..."
(a) Fixed Income (technical)Outlook
BRAINard on capping curve, BARRONS on bad bonds and a MINORITY REPORT (Rosie's view)
'A freelancer's dilemma'. Marketing as a service. (Seth Godin)
Happy (expensive) Thanksgiving
Core PCE in some historical FED context. UoMICH FEATURED chart ...
Beyond Fri (11/26th) early close, thinking about month-end EXTENSIONS -- MS says IN LINE
Early close PRICING / TIMING reminder
The Term Spread as a Predictor of Financial Instability
Technicals Put U.S. 10-Year Treasury Yield of 2% in View: Chart
Hedge Funds Net Short Ultra Bonds: U.S. Rates Positioning
Strategic Petroleum Reserves...
JPOW gets a 2nd term, BRAINard gets consolation prize
Chicago Fed Nat'l Activity Index ...
Hedge Funds Most Short Ultra-Long Treasury Futures Since 1Q20
above avg UST volumes overnight. MERKEL SAID...
Peak Liquidity Portends Trouble for Risk Assets -John Authers
Bond Traders on Rocky Path Are About to Be Stuffed With Auctions
DB CoTD: Lockdowns are back...
thank you for helping make each day possible ... my next chapter.
(Major)push back (10s to 1%); China back 2nite; Deal/NO deal? and more...
Life After Default -WH; USTs oversold? -DataTrek, DIPportunity; 2yr BEs; Oct 14
Evergrande, US House passes measure and something old but interesting.
OECD update; J&J boosters; travel restrictions easing; PRICE LEVELS, TECHS
Evergrande (& Sinic?)Yellen OpED; FISCAL CLIFF > Taper; supply v demand and FOMC
never sell the American consumer short; HFs BUY (stopped today?); UoMich
Catchup ... before and after weekend
USTs: Supply (2s, 5s and 7s) vs DEMAND (month-end) ahead of Jackson Hole
WTI (aka 'EARL) is a Transitorian
Got 20s? Perhaps a 20s30s STEEPENER (as WIN WIN hedge against Z2Z4) ...
NZ+China TECH regs=risk off bull flattening of USTs
Specs Long 2y Futures 1st time Since 2018. WHY?
Claims down, trade deficit wider, BoE preps hike, GSs jacks S&P year end target
Chinese data (MISS)+Delta>GPIF reducing UST weighting
Hang Seng -4%=broad risk OFF=record low REALZ...over to you, Jay
ECB dovish=bearish (?) OR Jobless Claims weak, JayPOW to follow ECB
rate vol hits mtg apps; delta DIMS view; infra battle, OER calculation change comin' ...