Have bond investors really gone mad this time?
Just recently, the following graph hit my Twitter timeline (courtesy @TihoBrkan). It shows that the yield on Eurozone high yield bonds is now equal to the yield on the 10-year […]
Category Archives: BONDS
Taper Time!
Inflation in the Eurozone spiked to 1.8% in January, the highest level in almost four years! More importantly, 1.8% is also extremely close to the ECB’s inflation target of ‘below, […]
Oil will quickly change the inflation landscape
The Eurozone risks getting stuck in a deflationary trap. Well, at least that’s what the President of the European Central Bank, Mr. Draghi, keeps telling us. Eurozone inflation numbers, which […]
Negative Yields – A Flight to Safes!
Here’s a quick blog devoted to everything that is going on in the bond markets right now. As you must have noticed, bond yields are collapsing around the globe. Again! […]
Six Scary Bond Charts!
Investing in government bonds made you a lot of money in recent years. US bond yields were pushed down to unimaginably low levels, but the real bond madness happened in […]
13 Recession Charts!
Over the last couple of days equity markets have intensified their downward trend. Worries about China and falling oil prices are now accompanied by another major issue, the (increasing) possibility […]
Inflation is not dead! – Update
Last November, I wrote a short blog arguing that inflation was not dead. In fact, significant parts of the economy showed inflation was on the rise. This was, however, completely […]
The Current High Yield Spread – What to make of it?
Hit by a sharp downturn in investor sentiment, US high yield spreads have widened to levels last seen since 2011. Back then, slowing (even negative in Q1) growth and the […]
10 Charts on Emerging Market Corporate Debt!
Markets have found a new ‘favorite’ subject to worry about. Corporate debt levels in emerging markets are spooking both economists and investors. Not that this debt burden came out of […]
Seven Charts on Market Behavior in September
September is upon us! This means we are entering the calendar month that’s considered by many as the cruelest for equities. And this year, as a ‘bonus’, it follows an […]
