52-Weeks with Vanguard GNMA
Vanguard GNMA is up 2.5% year-to-date and is in the black over the past 52-weeks. It’s been a rewarding couple of months for those...
Add to Vanguard GNMA
Over the last three years GNMA bonds have paid investors an average of 150 basis points over treasuries. That’s a terrific excess return for...
Bond Market Takes a Hit
The yield on 10-year Greek bonds were 10% last week. That’s 2% points higher than they were on May 22. Remember, bond prices fall...
Billionaire Bond King Bill Gross Slams Ben Bernanke
Bill Gross is out with a scathing new Investment Outlook on Dr. Bernanke’s misguided monetary activism.
Below are the highlights. You can read the letter...
These Interest Rates Are Up
When interest rates go up, it will happen overnight, and you won’t know about it until it’s too late. That’s the predicament the state...
When the Levee Breaks
Some hedge funds are using leverage to boost returns. They’re doing it with bonds. With bond yields so low, it’s one way to meet...
Municipal Bond Trap
Quite a few people have asked me about investing in municipal bonds lately. Now that the fiscal cliff is in the rearview mirror and...
Taxpayers on the Hook for Risky Student Loan Bet
In early 2010 at the urging of the Obama administration, Congress forced the private sector out of the student loan business. Two-and-a-half years later...
Euro-area Black Magic
From the lead article in this morning’s Wall Street Journal: “With foreign investors almost completely absent from Spanish bond markets for months, Spanish banks...
Bond Yields Turn Negative
If you thought 25 basis point yields on two-year US Treasuries were bad, take a look at the yields on German Bunds. Two year...