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Posts Tagged ‘bond market trend’

Markets Move; Fed Does Not

October 5th, 2015 by Kurt L. Smith

We have witnessed a reversal from the slow and steady rise of the stock market to greater volatility including a twelve percent decline in the Dow in a mere four days back in August.  Stocks recovered going into the Federal Reserve’s interest rate announcement September 17th, yet the Fed chose not to move on interest rates. (more…)

We Live In Interesting Times

September 1st, 2015 by Kurt L. Smith

While waiting for the next move higher in long-term interest rates, the Dow decided to shed 1000+ points.  And that was only in the first eight trading days following the publication of the August Letter. (more…)

Rates Rise, Prices Fall

August 12th, 2015 by Kurt L. Smith

Interest rates are moving higher. While markets do not move in a straight line, they do move consistent with the trend. The trend for interest rates is up and the ramifications for investors worldwide will probably be huge. (more…)

Greece, China and Puerto Rico, Oh My!

July 22nd, 2015 by Kurt L. Smith

The mile markers continue to move on by. Kicking the can down the road appears to be running out of steam and now people are truly being hurt as real losses are now affecting millions of people. (more…)

Same Old, Same Old

May 23rd, 2015 by Kurt L. Smith

Times, they may be a changin’, but it is difficult to tell by watching the bond market. New issues usually dominate bond market news and that continues to be the case. Corporate bond issuance continues on a tear while municipal bond issuance focuses on refinancings. Interest rates remain low. (more…)

Municipals, Bonds Without Peers

April 21st, 2015 by Kurt L. Smith

When will the Federal Reserve raise interest rates?  This is the question investors want to know.  Yet I will tell you, it does not matter.  The market tells us interest rates began to rise in 2012; the market will tell us how fast interest rates rise from here. (more…)

Too Big To Sell

March 4th, 2015 by Kurt L. Smith

As a long-time reader you know that I believe the bear market in Bonds began in June 2012. This is a “considerable” length of time ago, to use the parlance of the Federal Reserve, but when you are describing the end of an almost thirty year bull market run for Bonds, well, the longer they are, the harder they fall. (more…)

Buy The Euro; Enjoy Your Trip

February 6th, 2015 by Kurt L. Smith

Hot on the heels of a plunge in oil prices, the Euro has quickly reached a twelve year low. From 140 in May 2014 to 111 last month, like the price plunge in oil from $107 in June 2014 to $44 last month, we have no idea of the economic disruptions that are now under way. (more…)

Considerable Time Over

January 8th, 2015 by Kurt L. Smith

Long-time readers know we have been waiting for expected change in the bond markets for a…considerable time.  After all, we are in year three of a bond bear market, yet all we seem to hear from bond market participants are interest rates should remain low for a considerable time…until they no longer do. (more…)

Bigger Than A Tax Cut

December 8th, 2014 by Kurt L. Smith

In a low growth world, where demand is seemingly flat and supply seemingly available, how is it the price of oil has fallen over fifty dollars per barrel in less than six months? From $107 in June to $64 in December, crude oil prices have tumbled. This is not good news. (more…)

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