The End of the Great Bond Bull Market
In September of 1981, 10-Year Treasury rates peaked at almost 16%. From that high, interest rates went on a three-and-a-half decade secular decline that...
Is a 3.5% 10-Year Treasury Yield in your Future?
FOMO (fear of missing out) seems to be the dominant theme in the stock market YTD. Stocks are already up 4.2% in only 9...
My 2018 Investment Perspective
I’ve always been amazed at how quickly investors forget what it feels like to lose money.
One of my favorite economists, whom will remain unnamed,...
Are You Still Investing in Long Bonds?
Complacency is a dangerous foe to a successful investment program. After one of the least volatile years on record in the stock market, many...
Broke States Trying New Tricks to Wrangle Lending
With faith quickly disappearing in the ability of Illinois and Connecticut to pay their general obligation debts, the states are employing a new method...
Junk Bonds go Bonkers
Bloomberg is reporting on the sell-off in high-yield bond ETFs (see here). Volume is soaring and prices are plunging. Part of the problem is...
Do You Know Dick Young’s Investment North Star?
As more money piles into stocks, there’s never been a better time to get acquainted with Dick Young’s investment North Star, the Treasury bill....
You’ve Never Seen a Market Like This
You know something in this market environment isn’t quite right when eight years into a bull market investors are still hanging on every word...
This is a Fixed Income Strategy that Should Be Avoided
The reach for yield in fixed-income markets continues full-steam ahead. The latest junk issuer to tap into investors desire for income at any and...
How to Earn 7% Yields in the Bond Market
The Economist reports on more yield reaching in the bond market. We’ve written about the 100-year Argentina bond that was issued without a hitch,...