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Keyword: bonds

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  • Santelli Slams "Don't Ignore The Long-End... Recessionary Pressures Are Building"

    04/10/2014 7:36:05 PM PDT · by Nachum · 2 replies
    Zero Hedge ^ | 4/10/14 | tyler durden
    With 30 year bond yields set to close their lowest in 10 months, CNBC's Rick Santelli is concerned at the signals that the Treasury yield curve is sending.If yesterday's minutes from the Fed were supposed to walk back their 'hawkish' tone, then Santelli slams they are "gonna need a really big billboard" because the term structure is still flattening. "When 'flattening' is the theme, that is not painting a rosy outlook for the long-term economy," and as Santelli warns, this is when the Fed is pulling out of its extraordinary policies. Santelli screams, "the entire monetary policy side has to...
  • New doomsday poll: 99.9% risk of 2014 crash

    03/15/2014 2:47:50 PM PDT · by Oldeconomybuyer · 22 replies
    Market Watch ^ | March 15, 2014 | by PAUL B. FARRELL
    Commentary: Black-swan crisis warning for now through mid-April. SAN LUIS OBISPO, Calif. — Global risks are accelerating. This is our fourth major poll update of industry leaders: A critical review of their warnings from early last year when we first predicted a 87% risk of a crash: Bernanke’s Fed saw an “unsustainable bubble” ... Gross: “credit supernova” ... Gundlach: “kaboom ahead” ... Ellis: “Don’t own bonds” ... Shilling: “shocker” ... Roubini: “Prepare for perfect storm” ... Shiller: “Irrational exuberance is back” ... Schiff: “Doubling down” on “doomsday” prediction ... InvestmentNews’ warning 90,000 advisers: “tick, tick ... boom!”
  • Citing Growth, Fed Again Cuts Monthly Bond Purchases

    01/29/2014 11:36:50 AM PST · by John W · 8 replies
    The New York Times ^ | January 29, 2014 | BINYAMIN APPELBAUM
    WASHINGTON — The Federal Reserve announced Wednesday another $10 billion cut in its monthly bond purchases in a statement that attributed the decision to “growing underlying strength in the broader economy.” The statement, published after a two-day meeting of the Fed’s policy-making committee, reflected the optimism of Fed officials that the economy is finally poised for faster growth after years of false starts and setbacks. It was the committee’s first unanimous decision since 2011. The Fed said it would expand its holdings of Treasury and mortgage-backed securities by $65 billion in February, down from $75 billion in January and $85...
  • Fitch downgrades Chicago bond ratings: Downgrades Chicago bonds based on pension crisis

    11/13/2013 9:24:13 AM PST · by SeekAndFind · 6 replies
    Finance ^ | 11/13/2013
    SPRINGFIELD, Ill. (AP) -- Fitch Ratings has downgraded the credit worthiness of Chicago's bond debt because of its public pension problems. Fitch dropped the rating from AA- to A- on $8 billion in general obligation bonds, backed by property taxes. It also dropped the rating on $497 million in sales tax bonds — paid for by both the city's local sales tax and its share of the state sales tax.
  • Broken Bonds: Chicago routinely uses bond money to paper over its budget problems

    11/03/2013 1:57:05 AM PDT · by Cincinatus' Wife · 14 replies
    Chicago Tribune ^ | November 1, 2013 | Jason Grotto, Heather Gillers, Patricia Callahan and Alex Richards
    Last year’s payments on the city’s general obligation debt represented 12 percent of all government expenditures and ate up 63 percent of property taxes collected."When municipal officials want to build for the future, they have a powerful financial tool at their disposal: general obligation bonds that yield millions of borrowed dollars. The money is meant to let cities move forward on costly projects that will serve the community for decades.But in an unprecedented analysis of Chicago’s finances, a Tribune investigation found that city officials have long abused their borrowing privileges, spending funds meant for long-term initiatives on problematic short-term...
  • Treasury Was Open for Business on Third Day of ‘Shutdown:’ Issued $106B in New Debt

    10/06/2013 10:49:57 AM PDT · by Olog-hai · 4 replies
    Cybercast News Service ^ | October 6, 2013 - 8:59 AM | Terence P. Jeffrey
    Although politicians and the press have generally referred to what has been happening in the federal government since Tuesday, Oct. 1 as in a “shutdown” or “partial shutdown,” that did not prevent the U.S. Treasury from being open for business on Thursday—the third day of the “shutdown” and issuing $106.291 billion in new debt, according to the Daily Treasury Statement released at 4:00 p.m. on Friday. … Even though the net debt held by the public declined by $5.039 billion in Thursday, and the cash reserved declined by $33.080 billion, according to the Daily Treasury Statement, the same statement said...
  • All Quiet On The Potomac Front: Gov’t Spending & Deficit FALL

    10/04/2013 1:42:12 PM PDT · by whitedog57
    Confounded Interest ^ | 10/04/2013 | Anthony B. Sanders
    Friday is the fourth day after President Obama and Senate Majority Leader Harry Reid shut down the Federal government. Both President Obama and Reid said they refuse to negotiate with the House of Representatives. obama a The US Treasury 10 year yield is actually up 4 basis point on Friday and up 3.5 basis points for the week. ust10100413 The Dow INDU index is down slightly since the shutdown began (but up 76 points on Friday). indu100413 Gold is down 1.99% over the course of the last five days. gold100413 US Dollar-Euro exchange rate is almost back where it started...
  • The Road Less Traveled

    10/01/2013 1:48:42 AM PDT · by Tolerance Sucks Rocks · 11 replies
    Bethesday Magazine ^ | September 2013 | Eugene L. Meyer
    Driven on the Intercounty Connector lately? No? You’re not alone. Many haven’t. The 18.8-mile highway—the first stretch of which opened two and a half years ago after great hype and amid great controversy—is the road less traveled. Traffic counts are well below early projections, and revenue from tolls—needed to pay off the bonds that were sold to build the road—is far less than originally anticipated. The initial estimated cost of $1 billion has ballooned to $2.4 billion—or as much as $4 billion if you include interest payments. Consequently, all tolls on Maryland highways, bridges and tunnels have been raised in...

    09/19/2013 8:17:02 AM PDT · by SatinDoll · 26 replies
    The Market-ticker ^ | Sept. 9, 2013 | Karl Denninger
    This much has been determined yesterday -- The Fed could not handle a 2.8% 10 year Treasury rate. Nor could it handle any further increases. But consideration of the impact of this policy on the common man, along with the destruction of purchasing power and outright theft from the people who produce the services (and few goods remaining) in this nation was damned -- exactly as has been the case for the last three decades. What Bernanke did yesterday was guarantee a crash. He guaranteed it because he took what was a clear opportunity to take what had been priced...
  • 10-year Treasury yields close in on 3%

    09/05/2013 10:54:46 AM PDT · by Deo volente · 42 replies ^ | September 5, 2013 | Ben Eisen
    NEW YORK (MarketWatch) — Treasury prices tumbled on Thursday as the benchmark 10-year note yield pushed to the brink of 3%, a psychological threshold emblematic of its sharp climb since early May.
  • 6% Treasury yields sooner than you think?

    07/31/2013 2:20:30 PM PDT · by Bigtigermike · 16 replies
    CNBC via Yahoo ^ | Wednesday July 31, 2013
    The Federal Reserve will lose control of interest rates as the "great rotation" out of bonds into equities takes off in full force, according to one market watcher, who sees U.S. 10-year Treasury yields hitting 5-6 percent in the next 18-24 months. "It is our opinion that interest rates have begun their assent, that the Fed will eventually lose control of interest rates. The yield curve will first steepen and then will shift, moving rates significantly higher," said Mike Crofton, President and CEO, Philadelphia Trust Company told CNBC on Wednesday. "If the great rotation that everybody talks about out of...
  • Why Detroit’s Bankruptcy Could Detonate a $3.7-Trillion Muni Bond Bomb

    07/24/2013 10:26:53 AM PDT · by publius911 · 29 replies
    Wall Street Daily web ^ | July 24, 2013 | Louis Basebese
    The first officially recorded municipal bond was issued by the City of New York for a canal in 1812. It was a general obligation bond, meaning the city pledged every available resource – most notably, tax revenue – to repay the debt. So, in theory, unless the city lost its legal ability to levy taxes, which it never would, investors would be repaid... If Orr succeeds, look for all hell to break loose. Just like we witnessed during the real estate collapse when homeowners started walking away from their mortgage obligations without any recourse, other cash-strapped municipalities are destined to...
  • SEC accuses Miami of misleading investors

    07/19/2013 6:27:45 PM PDT · by george76 · 7 replies
    Washington Post ^ | July 19, 2013
    The Securities and Exchange Commission accused Miami and its former budget director of securities fraud related to several municipal bond offerings. The city and Michael Boudreaux made materially false and misleading statements and omissions about interfund transfers in three 2009 bond offerings totaling $153.5 million, the SEC said in a statement Friday. Boudreaux orchestrated the transfers to mask growing deficits in the city’s general fund, the SEC said. The SEC in 2010 started cracking down on state and local governments for not providing investors in the municipal bond market with accurate information about pension liabilities. Since then, Illinois and New...
  • Treasury 10 Yr Auction Results (10 Year Rises) And FOMC Minutes

    07/10/2013 11:16:27 AM PDT · by whitedog57 · 2 replies
    Confounded Interest ^ | 07/10/2013 | Anthony B. Sanders
    Fed Chairman Ben S. Bernanke will have a Q&A following the release on the Fed’s FOMC minutes today at 2pm EST. Here are the minutes. Quick summary of the last FOMC meeting: half the voting members want to stop asset purchases later this year. The other half, wait for improving economic conditions. The reaction in the 10 year Treasury yield? t10reaction But prior to his Q&A session, the 10 year Treasury auction went off as expected. trreas10yraux The 10 Year High Yield continues to climb. ust10ihg The 30 year auction is tomorrow. Stay tuned!
  • The Trigger Has Been Pulled And The Slaughter Of The Bonds Has Begun

    06/26/2013 12:04:28 PM PDT · by blam · 24 replies
    TEC ^ | 6-26-2013 | Michael Snyder
    The Trigger Has Been Pulled And The Slaughter Of The Bonds Has Begun By Michael Snyder June 25th, 2013 The Bears Are Unleashed On Wall StreetWhat does it look like when a 30 year bull market ends abruptly? What happens when bond yields start doing things that they haven't done in 50 years? If your answer to those questions involves the word "slaughter", you are probably on the right track. Right now, bonds are being absolutely slaughtered, and this is only just the beginning. Over the last several years, reckless bond buying by the Federal Reserve has forced yields down...
  • Has the Great Financial Crisis Finally Arrived?

    06/22/2013 9:29:41 PM PDT · by blam · 14 replies
    The Market Oracle ^ | 6-22-2013 | Graham Summers
    Has the Great Financial Crisis Finally Arrived? Stock-Markets / Credit Crisis 2013 June 23, 2013 - 05:33 AM GMT By: Graham Summers The technical damage from yesterday’s bloodbath was severe. Spain, which lead the “Europe is saved” party from the lows last year has just taken out its trendline. So much for the “crisis is over” proclamations. We’re heading back down in a big way. The S&P 500 has also taken out its trendline. QE Forever is dead and buried. What will hold the market up now? Copper is indicating that the entire post-2009 “recovery” is ending. We’re moving back...
  • U.S. Treasury Bond Market Implosion Has Officially Begun

    06/21/2013 10:31:27 AM PDT · by blam · 26 replies
    Market Oracle ^ | 6-21-2013 | Graham Summers
    U.S. Treasury Bond Market Implosion Has Officially Begun Interest-Rates / US Bonds June 21, 2013 - 06:02 PM GMT By: Graham Summers The QE Infinite parade officially ended yesterday when Bernanke hinted at tapering QE later this year or in mid-2014. I first warned about this in mid-May writing, "If Bernanke is going to step down (as hinted by his decision to skip out on the Jackson Hole meeting) he’s not going to want to leave with the Fed going at QE 3 and QE 4 full throttle. Instead his best bet would be to take his foot off the...
  • Fed's Bullard: Bernanke bond announcement was poorly timed

    06/21/2013 8:01:55 AM PDT · by mykroar · 14 replies ^ | 6/21/2013 | Reuters
    St. Louis Federal Reserve Bank President James Bullard worried that the Fed's decision earlier this week to announce a plan to reduce bond buying was poorly timed, the regional Fed bank said in a statement on Friday explaining his dissent. "President Bullard ... felt that the committee's decision to authorize the chairman to lay out a more elaborate plan for reducing the pace of asset purchases was inappropriately timed," the St. Louis Fed's statement said. Bullard was one of two dissents cast on Wednesday by members of the U.S. central bank's policy-setting Federal Open Market Committee. The other dissent, by...
  • Gold, Silver, Stocks, Bonds Plunge On Fed Noise And China Debt Crisis Risk

    06/20/2013 10:38:29 AM PDT · by blam · 33 replies
    The Market Oracle ^ | 6-20-2013 | GoldCore
    Gold, Silver, Stocks, Bonds Plunge On Fed Noise And China Debt Crisis Risk Commodities / Gold and Silver 2013 Jun 20, 2013 - 04:14 PM GMT By: GoldCore Today’s AM fix was USD 1,303.25, EUR 986.34 and GBP 842.38 per ounce. Yesterday’s AM fix was USD 1,366.00, EUR 1,019.86 and GBP 874.91 per ounce. Gold fell $16.10 or 1.18% yesterday and closed at $1,351.00/oz. Silver sank to $21.25 and ended down 1.25%. Bonds, shares plus gold and silver fell sharply around the world this morning after the U.S. Federal Reserve again suggested an end to their easy money policies. Data...
  • Global Recession Forecast - Is PIMCO's Bill Gross Wrong Again?

    06/17/2013 9:53:07 AM PDT · by blam · 6 replies
    Market Oracle ^ | 6-17-2013 | Monet Morning/Keith Fitz-Gerald
    Global Recession Forecast - Is PIMCO's Bill Gross Wrong Again? Stock-Markets / Financial Markets 2013 June 17, 2013 - 05:01 PM GMT By: Money Morning Keith Fitz-Gerald writes: Stuart Varney put the question directly to me last week during his Fox Business show: What do I make of comments from PIMCO's Bill Gross...that he's projecting a 60% chance of a global recession in the next three to five years? Now, Bill Gross is obviously one of the most powerful men in the world. PIMCO, the firm he founded, is the world's biggest bond manager. He has assets under management of...
  • JIM O'NEILL: We Could See A Bond Crash

    06/14/2013 10:31:55 AM PDT · by blam · 12 replies
    Business Insider ^ | 6-14-2013 | Steven Perlberg
    JIM O'NEILL: We Could See A Bond Crash Steven Perlberg Jun. 14, 2013, 12:33 PM As the market speculates on when the Fed will begin to slow its quantitative easing program, former Goldman Sachs Asset Management chairman Jim O'Neill isn't alone in believing a taper would mean turbulence for financial markets. But for O'Neill, it would also "not be a stretch" to see 5% yields on the 10-year Treasury, reports Bloomberg. Given the 10-year's current 2.11% yield, that would imply a big sell-off in the bond market. O'Neill talked about that — and his prediction for a bond crash —...

    05/31/2013 11:17:25 AM PDT · by blam · 9 replies
    Business Insider ^ | 5-31-2013 | Sam Ro
    BOFA: 'RISKS OF A BOND CRASH ARE HIGH' Sam Ro May 31, 2013, 11:02 AM Bonds have been tumbling for most of the month, and most analysts have warned that it could get even uglier. In a note to clients yesterday titled "Bubble, Bubble, Toil & Trouble," Bank of America Merrill Lynch strategist Michael Hartnett warns that the "risks of a bond crash are high." More from his note (emphasis added): As we have argued in recent years, history shows that major breakouts in equity markets tend to coincide with major inflection points in bond yields (Chart). This is now...
  • The Treasury Bond Selloff Is 'For Real' And The Volume Is Gigantic

    05/29/2013 1:27:27 PM PDT · by blam · 13 replies
    Business Insider ^ | 5-29-2013 | Matthew Boesler
    The Treasury Bond Selloff Is 'For Real' And The Volume Is Gigantic Matthew Boesler May 29, 2013, 2:05 PMIt's been a crazy few weeks in the Treasury bond market. After a big rally that began in mid-March, amid the outbreak of the Cypriot financial crisis and fears over a slowdown in global growth, Treasuries have given up all of their gains, and bond yields are now rising to the highest levels in over a year. This morning, the yield on the 10-year U.S. Treasury hit a high of 2.23%. Naturally, there is a lot of debate over where yields go...
  • NIKKEI (Japan) 15,000! First Time Since January 2008

    05/14/2013 8:24:16 PM PDT · by blam · 10 replies
    TBI ^ | 5-14-2013 | Sam Ro
    NIKKEI 15,000! First Time Since January 2008 Sam Ro May 14, 2013, 8:07 PM Markets just opened in Asia, and they're following the U.S. markets way higher. Of note is Japan's Nikkei 225, which just burst through 15,000. Dow Jones reports this is the first time the Nikkei has been above 15,000 since January 4, 2008. Leading the way is electronics maker Sony, which is up by around 12%. Hedge fund heavy hitter Dan Loeb made a proposal to management to split up the company. Loeb said he was willing to commit a significant amount of capital to support the...
  • GUNDLACH: Anyone Who Says Interest Rates Will Rise Soon Is 'Absolutely Wrong'

    05/03/2013 11:10:03 AM PDT · by blam · 2 replies
    TBI ^ | 5-302013 | Lance Roberts, Street Talk Live
    GUNDLACH: Anyone Who Says Interest Rates Will Rise Soon Is 'Absolutely Wrong' Lance Roberts, Street Talk LiveMay 3, 2013, 10:52 AMJeffry Gundlach In the continuing series of reports from the 10thannual Strategic Investment Conference, presented Altegris Investments and John Mauldin, the question of why you should own bonds was answered by Jeff Gundlach who is the CEO and CIO of Double Line. Why own bonds? I have been presented with the question twice in my career. The first time was in the 90’s when bonds and stocks were highly correlated. If stocks rose, bond prices fell, and vice versa. Therefore,...
  • Unemployment Declines As Sequester Takes Hold (Obama Scare Tactics Fail)

    05/03/2013 10:39:28 AM PDT · by whitedog57 · 7 replies
    Confounded Interest ^ | 05/03/2013 | Anthony B. Sanders
    <p>Good News! Non-farm payrolls increase by 165,000 and the unemployment rate declined to 7.5%.</p> <p>But I thought the Sequester would destroy employment? Apparently not. The Administration’s Sequester Scare tactics failed.</p>
  • Currency Wars: NASDAQ and Europe Stocks Down 2%, Volatility Up, Sov Yields Down

    04/17/2013 9:50:56 AM PDT · by whitedog57
    Confounded Interest ^ | 04/17/2013 | Anthony B. Sanders
    Uncertainty increased in global markets as investor fear grows. Recent Central Bank aggressive moves (Fed, Bank of Japan and South Korea) send a signal of global economic weakness. It didn’t help that former ECB executive board member Lorenzo Bini-Smaghi said that “policy makers led by President Mario Draghi will act to weaken the euro.” Is this the ECB’s return fire in the new currency war? US stock market indices are down today, particularly the NASDAQ index. And Europe is down over 2%. Real estate investment trusts (REITS) also tanked today. The volatility index VIX climbed today. Sovereign yields are up...
  • Fed presidents slug it out over bond-buying policy

    04/03/2013 10:36:46 AM PDT · by Ernest_at_the_Beach · 3 replies
    Marketwatch ^ | April 3, 2013, 8:21 AM | – Steve Goldstein
    It’s not often — but not unpredecented — for Federal Reserve officials to make joint appearances. But Tuesday night’s gathering when Richmond Fed President Jeffrey Lacker hosted Chicago Fed President Charles Evans was notable for the debate format that ensued from the opposite ends of the monetary policy spectrum.Lacker is a reliable hawk, who wants the central bank’s bond buying efforts to stop, and dissented on every policy decision last year (he doesn’t have a vote this year). Evans by contrast is a dove among doves, and an influential member who came up with the idea — now adopted by...
  • Stockton, CA bankrupt: Expect Cyprus like solution for bond holders

    04/02/2013 6:05:54 AM PDT · by outpostinmass2 · 20 replies
    It is not surprising that they quickly found the source of their pain, the bond holders; those money loving, rich old white guys who know nothing but greed. It is their fault that huge lifelong pensions and free healthcare for life, regardless of how long you worked for the city has not turned Stockton into the utopia it should have been. It is amazing how greedy some people are, they simply don’t care about their fellow man. In a case that will most likely go to the US Supreme Court, the municipal bondholders will be pitted against the California Public...
  • Are treasuries a way of avoiding the bank collapse?

    04/02/2013 6:39:00 AM PDT · by E. Pluribus Unum · 40 replies
    04/02/2013 | E. Pluribus Unum
    If I move my savings to a brokerage account and purchase 2-year treasuries (the shortest term available at my broker) would that at least protect me from having my money stolen by the banks?
  • Sowell: Can It Happen Here?

    03/25/2013 1:19:16 PM PDT · by jazusamo · 53 replies
    Creators Syndicate ^ | March 26, 2013 | Thomas Sowell
    The decision of the government in Cyprus to simply take money out of people's bank accounts there sent shock waves around the world. People far removed from that small island nation had to wonder: "Can this happen here?" The economic repercussions of having people feel that their money is not safe in banks can be catastrophic. Banks are not just warehouses where money can be stored. They are crucial institutions for gathering individually modest amounts of money from millions of people and transferring that money to strangers whom those people would not directly entrust it to. Multi-billion dollar corporations, whose...
  • School bond election deals appear illegal

    03/19/2013 12:50:37 PM PDT · by sissydi · 2 replies
    Orange County Register ^ | March 18, 2013 | By MELODY PETERSON
    State Treasurer Bill Lockyer asked the California attorney general Monday to investigate whether school officials were breaking the law by hiring banks and their political strategists to promote bond measures before voters. Lockyer did not name the schools or banks involved in these deals. But some of the examples he describes in a letter to Attorney General Kamala Harris are the same as the Register found in place at Placentia-Yorba Linda Unified in a recent investigation.
  • I Wish Don Ho Was Fed Chairman So We Would Have TINY Bubbles Instead of Colossal Ones

    03/06/2013 1:36:46 PM PST · by whitedog57 · 2 replies
    Confounded Interest ^ | 03/06/2013 | Anthony B. Sanders
    Between Alan Greenspan and Ben Bernanke, they have helped to produce huge asset bubbles through monetary easing. Take, for example, the FNC 30 RPI house price index and the Fed Funds rate since January 2000. Greespan retired on January 31, 2006 and Bernanke took over. THAT is an asset bubble! According to the Beige Book, the U.S. economy expanded at a modest to moderate pace across most of the country amid rising consumer demand for homes and autos, the Federal Reserve said. (Did they mean “investor demand for homes”?) But housing isn’t the only bubble created by The Fed. The...
  • Is the U.S. Becoming a Banana Republic

    03/05/2013 12:07:16 PM PST · by blam · 24 replies
    TMO ^ | 3-5-2013 | Michael Pento
    Is the U.S. Becoming a Banana Republic Politics / US PoliticsMarch 05, 2013 - 02:40 PM GMT By: Michael Pento It is sad to say there are just two reasons why the U.S. is not yet a banana republic. The first reason is that the US dollar has not yet lost its world’s reserve currency status, which is helping to keep interest rates at record low levels. If the dollar, yen and euro were not involved in a currency war, the dollar’s intrinsic decline would become much more evident, causing domestic inflation to soar, and our bond market to immediately...
  • UK Downgrade Leads to a LOWER Yield Curve and CDS Prices

    03/04/2013 4:18:23 PM PST · by whitedog57 · 1 replies
    Confounded Interest ^ | 03/04/2013 | Anthony B. Sanders
    Yes, on February 22nd Moody’s lowered the bond rating for UK debt from AAA to Aa1. The result between February 22nd and today? The yield curve for UK sovereign bonds has fallen. I compare the US Treasury yield curve over the same time period with the UK Sovereign curve. The US yield curve shows a much smaller decline which, of course, was not downgraded. Yet. The UK 5 year credit default swaps (CDS) has fallen from 51 on February 21st to 47.30 on March 1st. If you look at the time distribution of UK sovereign debt, they have a big...
  • Japan Goes Full Bernanke (Japanese Yields Fall, Dow Sputters)

    02/25/2013 4:50:19 PM PST · by whitedog57 · 1 replies
    Confounded Interest ^ | 02/25/2013 | Anthony B. Sanders
    Japan goes full Bernanke and will probably pick a monetary dove as Bank of Japan governor while sequestration remains in play in the USA. Feb. 25 (Bloomberg) — Japan’s five-year note yields slid to an all-time low as the government neared a decision on who will run the central bank and expand monetary easing measures. Ten-year yields slid to a two-month low while the yen fell against all its major peers. Prime Minister Shinzo Abe is likely to nominate Asian Development Bank President Haruhiko Kuroda as Bank of Japan governor and Kikuo Iwata as a deputy at the central bank,...
  • BOND GOD: The World Is Changing, And Bonds Are The Most Overbought I've Seen In My 55 Year Career

    02/03/2013 11:48:10 AM PST · by blam · 24 replies
    TBI ^ | 2-3-2013 | Joe Weisenthal
    BOND GOD: The World Is Changing, And Bonds Are The Most Overbought I've Seen In My 55 Year Career Joe WeisenthalFeb. 3, 2013, 12:05 PMFor years, investors have watched in disbelief as the 30-year bull market in fixed-income assets has raged on, leaving bears in the dust. The bond skeptics are having another moment, as talk grows of a "great rotation" from bonds into equities, as rates finally start to rise, and the economy turns back into the old normal. Dan Fuss of Loomis Sayles is the third bond fund manager to be called a "bond god" (the other two...
  • Will the Fed End QE Summer 2013?

    01/30/2013 6:30:56 PM PST · by blam · 10 replies
    TMO = Money Morning ^ | 1-30-2013 | Jeff Uscher
    Will the Fed End QE Summer 2013? Interest-Rates / Quantitative EasingJan 30, 2013 - 07:30 PM GMT By: Money Morning Jeff Uscher writes: Amid all of the hoopla over the Standard & Poor's 500 Index touching 1,500 on Friday, it seems few people noticed that the yield on 10-year U.S. Treasury bonds has risen to within a couple of basis points of 2%. That is nearly 30 basis points higher than it was one month ago and 10 basis points higher than one year ago. It seems as if the bond market is beginning to price in higher inflation at...
  • GERALD CELENTE: The Financial Collapse Of 2013 Will Be Worse Than The Great Depression

    12/23/2012 6:15:04 AM PST · by blam · 87 replies
    TBI - KWN ^ | 12-23-2012 | Sam Ro
    GERALD CELENTE: The Financial Collapse Of 2013 Will Be Worse Than The Great Depression Sam RoDec. 23, 2012, 5:07 AM Forget the Mayan Apocalypse. Gerald Celente, the popular trends forecaster of Trends Research, cites the work of a former Treasury official and warns that the bonds are in a massive bubble that will burst in 2013 in what will be a financial collapse like nothing we've seen before. He recently spoke about it in an interview with King World News: This piece is being penned by Dr. Paul Craig Roberts, the former Assistant Treasury Secretary under Ronald Reagan. And he...
  • China's Share of US Treasurys Quietly Falls (Shifting investments to hard assets)

    12/18/2012 8:31:59 AM PST · by SeekAndFind · 3 replies
    <p>We have Republican Rep. Michele Bachmann of Minnesota to thank for that bon mot—a play on the name of outgoing Chinese President Hu Jintao—about the country's massive holdings of U.S. Treasury debt. But, while America's dependence on the largess of foreigners is greater than ever, China's role is quietly receding.</p>
  • Taxes, taxes and more taxes….the liberal way

    12/13/2012 12:06:19 PM PST · by Starman417 · 2 replies
    Flopping Aces ^ | 12-13-12 | Curt
    Obama proposed this last year and now its back on the table: This week, the Wall Street Journal’s John D. McKinnon and Andrew Ackerman are reporting that House Speaker John Boehner “is willing to consider curbing the tax-exempt status of municipal-bond interest, subject to negotiations with the White House.” Reality check...the only reason investors buy muni bonds is because of the tax exempt status. They pay less interest than other bonds that are already taxed so if they are gonna tax the muni's....might as well get the higher interest rate. So what happens then? Local, county and state municipalities will...
  • Is REVENGE or SMOKESCREEN the motive for Benghazi-Coward Obama's Fiscal "Cliff"?

    12/13/2012 6:05:12 AM PST · by Graewoulf · 10 replies
    Graewoulf | December 13, 2012 | Graewoulf
    The financial disaster of the loss of over one Trillion Taxpayer Dollars per year by the incompetent financial stewardship of Benghazi-Coward B. Hussein Obama continues without significant opposition by the cowardly US House of Representatives. Sobber of the House Boehner is so fearful of the negative opinions that will always come from the Commie Liberal Agenda Media, (CLAM), that Boehner is willing to tearfully impale himself on Obama's threat of a veto just to "save" America from not getting a "Deal" by the end of 2012. Conservatives do not want a "Deal." What we want is for the US House...
  • How The Fed's Next Trick Will Hurt Bonds

    12/10/2012 10:59:21 PM PST · by zeestephen · 11 replies
    MSN Money ^ | 10 December 2012 | Jim Jubak
    Another bond-buying program seems likely as the Federal Reserve tries to boost the economy. But long term, it will lead to higher interest rates, inflation and bond market turmoil.
  • School District Owes $1 Billion On $100 Million Loan

    12/09/2012 8:43:02 AM PST · by RLM · 27 replies
    NPR ^ | 12/9/2012 | Richard Gonzales
    More than 200 school districts across California are taking a second look at the high price of the debt they've taken on using risky financial arrangements. Collectively, the districts have borrowed billions in loans that defer payments for years — leaving many districts owing far more than they borrowed.
  • Stocks dead, bonds deader till 2022: Pimco

    11/28/2012 11:00:14 AM PST · by ExxonPatrolUs · 12 replies
    MarketWatch ^ | Nov 27, 2012 | Paul B. Farrell
    SAN LUIS OBISPO, Calif. (MarketWatch) — Big money managers are warning investors. They’re now citing the Bible: “Seven lean years.” No recovery till 2016. That was Jeremy Grantham back a few years ago. His GMO firm manages $104 billion. Now Bill Gross and Mohamed El-Erian, the co-CEOs at the $2 trillion Pimco money managers, are citing the same biblical warning to jar investors awake and prepare for the coming lean years of slow, low growth and austerity. Except in Pimco’s new warning, the future just got much, much darker for investors — no recovery until 2022. Earlier in the summer...

    10/18/2012 6:18:05 AM PDT · by blam · 10 replies
    TBI ^ | 10-18-2012 | Rob Wile
    PIMCO: 'THE US WILL GET DOWNGRADED' Rob WileOctober 18, 2012 PIMCO has seen enough of the federal government's "fiscal theatre" and now says the U.S.'s credit rating will inevitably be slashed, Bloomberg's Tracy Withers reports. “The U.S. will get downgraded, it’s a question of when,” Withers quotes Scott Mather, Pimco’s head of global portfolio management, as saying. “It depends on what the end of the year looks like, but it could be fairly soon after that.” If President Obama is reelected, Mather said, it's likely resolution of the country's deficit “doesn’t happen in a nice way, and we have disruption...
  • Our Greek Tragedy

    10/17/2012 6:55:42 PM PDT · by Tolerance Sucks Rocks · 6 replies
    Personal Liberty Digest ^ | October 17, 2012 | John Myers
    Regardless of who the President is after this close election, the equity markets and the U.S. economy are in trouble. Debt has spread throughout the Western world. The fallout is political dissonance, growing economic hardship and, in some places, mob violence.Ground zero for the spreading fear and panic is Greece, which was once the worldÂ’s greatest civilization and the birthplace of democracy, poetry and philosophy.There is violent evidence of the contradiction from what the ancients taught and what is unraveling in Greece. It would all just be another boring story at the end of the news day, except there is...
  • Destruction of the US Dollar

    10/15/2012 2:04:32 PM PDT · by Tolerance Sucks Rocks · 10 replies
    Patriot Action Network ^ | October 14, 2012 | Roger O'Daniel
    The picture below shows $15 trillion dollars worth of $100 bills on $10 million dollar pallets stacked on top of each other over an area that is one third larger than a regulation football field. An electronics van is parked between the stack and the Statue of Liberty. A single $100 million dollar pallet rests in front of the truck’s cab. See it?Recently, I reported that the Federal Reserve Bank (FED) secretly gave ten trillion dollars of interest-free loans to over a dozen European banks to shore up the Euro and keep them financially solvent. I later found out that...
  • Fannie Mae MBS Spread to 10 year Treasuries GOES NEGATIVE!

    09/26/2012 1:25:34 PM PDT · by whitedog57 · 16 replies
    Confounded Interest ^ | 09/26/2012 | Anthony B. Sanders
    QE3 certainly has wreaked havoc on the agency mortgage-backed securities market. The Fannie Mae 30 year current coupon (rate to MBS investors on new Fannie MBS) spread over 10 year Treasures has gone NEGATIVE! As in -3.65 basis points. But if we compare the Fannie 30 year current coupon to 5 year Treasury yields, we have a positive yield spread of about 100 basis points. Meanwhile, Fannie Mae 3.5 MBS duration just went negative! So, The Fed’s QInfinity has really done a number on MBS yields … and risk. MBS investors may be lining up to dump agency MBS on...
  • Japanese Finance Ministry To Japanese Bondholders: You’re Screwed!

    09/25/2012 6:34:18 AM PDT · by blam · 11 replies
    TBI -Testosterone Pit ^ | 9-25-2012 | Wolf Richter
    Japanese Finance Ministry To Japanese Bondholders: You’re Screwed! Wolf Richter, Testosterone PitSep. 25, 2012, 7:53 AMThis has got to be the icing on the Japanese cake. The otherwise bland website of the Japanese Ministry of Finance, more specifically the FAQ page on government bonds, has been catapulted to stardom on Facebook and Twitter. Not in a good way. As you flip through the MoF’s website, page after page, you will mostly see zero Facebook likes and zero tweets. Social media and the MoF ignore each other. But go to the FAQ page, to item 4, Government bonds. Under the second...