Given the ongoing volatility in fixed income markets, it’s time to once again to take a look at performance. The chart below shows where we stand on a year-to-date basis for major asset classes from a USD investor’s point of view.Note: returns vary bas…
Tag Archive for Fixed Income
Contributors- Economic and Financial, Must Read, Taken Down
Diverging fund flows are reflected in performance – Sober Look
by Sober Look • • 0 Comments
Capital is returning to certain fixed income sectors. Fund flows are quite uneven however, with the corporate sector remaining investors’ favorite. In particular, high yield bonds have recouped a great deal of the recent outflows.Source: Goldman SachsI…
Contributors- Economic and Financial, Must Read, Taken Down
Retail fixed income investor capitulation – Sober Look
by Sober Look • • 0 Comments
Spooked retail investors are exhibiting complete capitulation in their bond portfolios. They have been dumping fixed income assets, particularly munis in record amounts.Source: DBAnd the proceeds are ending up in money market funds – at the same time a…
Contributors- Economic and Financial, Must Read, Taken Down
Fixed income party is over – for now – Sober Look
by Sober Look • • 0 Comments
This has been one of the worst months for fixed income assets in years. Active investors are dumping bonds of all types. Here is what the performance looks like over a period of a month (through today).A great deal of this selling has been forced by ET…
Contributors- Economic and Financial, Must Read, Taken Down
Rotation out of fixed income – Sober Look
by Sober Look • • 0 Comments
Last year we discussed just how frothy the US fixed income valuations have become (here and here). Now in a matter of several weeks, the US bond markets have wiped out a year’s worth of gains and then some. That includes all the interest income.In…
European Crisis
Spanish Yields at 7% Show Investors Slamming Door: Euro Credit – Bloomberg
by Newswires • • 0 Comments
Investors who oversee more than $3.2 trillion expect Spain to become the fourth euro member to need external funding as borrowing costs surge to levels too punitive for the nation to finance its needs on the capital markets. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates,…
JP Morgan Latest News
Bond Spreads Soar as JPMorgan Goes ‘Underweight’: Credit Markets – BusinessWeek
by Newswires • • 0 Comments
Bond Spreads Soar as JPMorgan Goes 'Underweight': Credit MarketsBusinessWeekFixed-income strategists at JPMorgan Chase & Co. said in a report to clients dated May 18 that they expect both investment- grade and high-yield debt to underperfor…
JP Morgan Latest News
Bond Spreads Soar as JPMorgan Goes ‘Underweight’: Credit Markets – Bloomberg
by Newswires • • 0 Comments
BloombergBond Spreads Soar as JPMorgan Goes 'Underweight': Credit MarketsBloombergFixed-income strategists at JPMorgan Chase & Co. said in a report to clients dated May 18 that they expect both investment- grade and high-yield debt to under…
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Market Liquidity Report — Special Guest Post by Lee Adler
by Pretzel Logic • • 0 Comments
The following is an extended excerpt from my friend Lee Adler’s Wall Street Examiner Professional Edition. Since we all know that liquidity is key to the market, I thought this report might be of interest, especially since his conclusion&nbs…
Charts, Economics, Lee's Free Thinking, Liquidity Trader Complete, Must Read, Professional Edition
Market’s Liquidity Indicators Begin To Tilt Bearish – With Free Excerpt
by Lee Adler • • 0 Comments
The composite liquidity indicator downticked last week on small declines in most of its components. We know that the downtick in the Fed’s pumping to Primary Dealers is temporary, but the weakening in other indicators may not be. Over the course of this latest surge, most of the cash has been targeted at the Treasury…
