3-7 Year U.S. Treasury Index ETF Pimco (FIVZ) 80.60 $FIVZ
A Very Pernicious Partnership: Keynesian Money Printers And Wall Street Gamblers
David Stockman - Seeking Alpha - Mon Feb 09, 1:53PM CST
No sooner was the January jobs report released than the Wall Street Journal posted a succinct headline: "Hiring, Wages Pick Up as Job Market Nears Full Health". Whether the job market is actually as red hot as the BLS' headline numbers...
TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), DLBL: 78.14 (+0.78), SINF: 47.80 (unch), MBG: 27.29 (+0.01), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), STIP: 99.28 (-0.02), TBT: 44.22 (+0.88), RINF: 30.25 (+0.05), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), FINF: 42.47 (-0.64), HOLD: 99.38 (+0.07), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), TTT: 38.96 (+1.14), SCHO: 50.62 (-0.01), SCHP: 54.49 (-0.11), MBB: 109.88 (+0.03), GMTB: 52.35 (-0.02), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), UINF: 27.79 (+0.01), SYTL: 88.67 (-3.56), TPS: 26.90 (-0.02), TYBS: 22.40 (+0.20), TIP: 112.66 (-0.23), IEI: 123.09 (-0.14), DTYL: 76.39 (-1.24), TYD: 46.21 (-0.08), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), DTUS: 34.68 (-0.16), EDV: 126.88 (-1.85), GNMA: 50.34 (-0.26), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), TFLO: 50.07 (-0.06), TMV: 29.17 (+0.87), DTUL: 62.62 (-0.15), LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), TUZ: 50.92 (-0.01), SHY: 84.64 (unch), VGLT: 78.92 (-0.70), RAVI: 75.36 (+0.03), TMF: 90.04 (-2.88), SHV: 110.27 (+0.01), ULST: 40.01 (unch), NEAR: 50.09 (-0.01), SIPE: 19.42 (unch), FLAT: 61.92 (-0.15), FTSM: 60.00 (unch), USFR: 24.89 (unch), TIPX: 19.30 (unch), AGZ: 114.28 (+0.08), ICSH: 50.02 (+0.09), TDTF: 24.73 (-0.03), TIPZ: 57.25 (-0.09), INFL: 39.28 (+0.47), TDTT: 24.39 (unch), FIVZ: 80.60 (unch), DEFL: 58.00 (unch), VGIT: 64.86 (-0.12), IPE: 56.23 (-0.11), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), LBND: 56.35 (-2.05), STPP: 33.20 (+0.19), TAPR: 31.63 (+0.44), VMBS: 53.15 (-0.09), STPZ: 51.87 (-0.03), BIL: 45.73 (+0.01), SST: 30.16 (-0.01), VGSH: 60.96 (-0.02), FTSD: 99.21 (unch), MINT: 101.06 (-0.01), PLW: 33.20 (-0.21), GOVT: 25.33 (-0.06)
Services PMI: Struggling companies still hiring
Seeking Alpha - at Seeking Alpha - Wed Feb 04, 9:03AM CST
IEI: 123.09 (-0.14), TBX: 30.03 (+0.07), DTYL: 76.39 (-1.24), DFVS: 33.70 (+0.16), TYD: 46.21 (-0.08), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), UST: 56.86 (-0.32), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12)
Bullard: Expectations for summer rate hike "reasonable"
Seeking Alpha - at Seeking Alpha - Fri Jan 30, 8:32AM CST
TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), FLAT: 61.92 (-0.15), TYO: 17.93 (+0.14), ITE: 60.17 (-0.06), SCHO: 50.62 (-0.01), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12), IEI: 123.09 (-0.14), DTYL: 76.39 (-1.24), TYD: 46.21 (-0.08), PST: 24.08 (+0.14), IEF: 107.18 (-0.36), UST: 56.86 (-0.32), DTUS: 34.68 (-0.16), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), DTUL: 62.62 (-0.15), STPP: 33.20 (+0.19), TUZ: 50.92 (-0.01), SHY: 84.64 (unch), BIL: 45.73 (+0.01), SST: 30.16 (-0.01), VGSH: 60.96 (-0.02), SHV: 110.27 (+0.01)
Gundlach: 2015 could be repeat of 1937
Seeking Alpha - at Seeking Alpha - Tue Jan 27, 11:45AM CST
DTYL: 76.39 (-1.24), IEI: 123.09 (-0.14), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TYD: 46.21 (-0.08), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), UST: 56.86 (-0.32), FLAT: 61.92 (-0.15), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), STPP: 33.20 (+0.19), TAPR: 31.63 (+0.44), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), SCHR: 53.88 (-0.11), GSY: 49.94 (+0.01), SYTL: 88.67 (-3.56), FIVZ: 80.60 (unch), PLW: 33.20 (-0.21), VGIT: 64.86 (-0.12), GOVT: 25.33 (-0.06)
Treasury yields continue steep decline
Seeking Alpha - at Seeking Alpha - Thu Jan 15, 2:55PM CST
TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), DLBL: 78.14 (+0.78), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), TBT: 44.22 (+0.88), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), TTT: 38.96 (+1.14), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), TYBS: 22.40 (+0.20), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12), DTYL: 76.39 (-1.24), IEI: 123.09 (-0.14), TYD: 46.21 (-0.08), PST: 24.08 (+0.14), IEF: 107.18 (-0.36), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), EDV: 126.88 (-1.85), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), TMV: 29.17 (+0.87), LBND: 56.35 (-2.05), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), VGLT: 78.92 (-0.70), TMF: 90.04 (-2.88)
U.S. 10-year note yield lowest in 20 months
Seeking Alpha - at Seeking Alpha - Tue Jan 13, 3:17AM CST
TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), DLBL: 78.14 (+0.78), DFVL: 65.54 (+1.42), TBZ: 29.08 (unch), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), TBT: 44.22 (+0.88), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), TYO: 17.93 (+0.14), ITE: 60.17 (-0.06), TTT: 38.96 (+1.14), SCHO: 50.62 (-0.01), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), TYBS: 22.40 (+0.20), IEI: 123.09 (-0.14), DTYL: 76.39 (-1.24), TYD: 46.21 (-0.08), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), DTUS: 34.68 (-0.16), EDV: 126.88 (-1.85), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), TFLO: 50.07 (-0.06), TMV: 29.17 (+0.87), DTUL: 62.62 (-0.15), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), TUZ: 50.92 (-0.01), SHY: 84.64 (unch), VGLT: 78.92 (-0.70), TMF: 90.04 (-2.88), SHV: 110.27 (+0.01), FLAT: 61.92 (-0.15), USFR: 24.89 (unch), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), LBND: 56.35 (-2.05), STPP: 33.20 (+0.19), TAPR: 31.63 (+0.44), BIL: 45.73 (+0.01), SST: 30.16 (-0.01), VGSH: 60.96 (-0.02), PLW: 33.20 (-0.21), GOVT: 25.33 (-0.06)
Fed To Treasury Market: You're Wrong (And Vice-Versa)
Brian Romanchuk - Seeking Alpha - Mon Jan 12, 7:24AM CST
Last week ushered in a bit of excitement into Fed watching, with cross currents from the Fed minutes and the employment situation report. Unless the swoon in Average Hourly Earnings - pictured above - causes a re-think at the Fed, we have bond market...
IEI: 123.09 (-0.14), TBX: 30.03 (+0.07), DTYL: 76.39 (-1.24), DFVS: 33.70 (+0.16), TYD: 46.21 (-0.08), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), UST: 56.86 (-0.32), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12)
There's No Bubble In Bonds, But They Look Frothy
Cullen Roche - at Seeking Alpha - Thu Jan 08, 3:23AM CST
I've been a bond bull for as long as I've written this blog. Over the course of the last 6 years I've repeatedly defended bonds in a portfolio, explained why US government bonds were not at risk of default or high inflation and I've spilled a huge...
IEI: 123.09 (-0.14), TBX: 30.03 (+0.07), DTYL: 76.39 (-1.24), DFVS: 33.70 (+0.16), TYD: 46.21 (-0.08), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), UST: 56.86 (-0.32), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12)
Why Gold May Finally Be Turning Higher
Market Anthropology - at Seeking Alpha - Wed Jan 07, 7:43AM CST
We came into last year with the idea that despite a historically low disposition at 3 percent, the 10-year yield had become stretched at a relative performance extreme . In less than two years, yields had run up over 100% above the July 2012 cycle...
DTYL: 76.39 (-1.24), TBX: 30.03 (+0.07), IEI: 123.09 (-0.14), DFVS: 33.70 (+0.16), TYD: 46.21 (-0.08), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), OUNZ: 12.26 (+0.06), UST: 56.86 (-0.32), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), SGOL: 120.32 (+0.59), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), GLD: 117.98 (+0.64), SCHR: 53.88 (-0.11), GSY: 49.94 (+0.01), IAU: 11.89 (+0.06), AGOL: 121.01 (-0.19), SYTL: 88.67 (-3.56), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12)
Yield Curve Bleg
Scott Sumner - at Seeking Alpha - Tue Jan 06, 4:51AM CST
I notice that 5-year Treasuries are currently yielding 1.56% and 10-year yields are 2.04%. I was taught two theories of the yield curve: Expectations hypothesis-> Long term yields are an average of expected future short term yields. Term...
TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), SINF: 47.80 (unch), SIPE: 19.42 (unch), TIPX: 19.30 (unch), STIP: 99.28 (-0.02), TDTF: 24.73 (-0.03), TIPZ: 57.25 (-0.09), RINF: 30.25 (+0.05), FINF: 42.47 (-0.64), TYO: 17.93 (+0.14), ITE: 60.17 (-0.06), SCHP: 54.49 (-0.11), INFL: 39.28 (+0.47), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), UINF: 27.79 (+0.01), TDTT: 24.39 (unch), SYTL: 88.67 (-3.56), TPS: 26.90 (-0.02), FIVZ: 80.60 (unch), DEFL: 58.00 (unch), VGIT: 64.86 (-0.12), TIP: 112.66 (-0.23), IEI: 123.09 (-0.14), DTYL: 76.39 (-1.24), TYD: 46.21 (-0.08), PST: 24.08 (+0.14), IEF: 107.18 (-0.36), UST: 56.86 (-0.32), IPE: 56.23 (-0.11), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), STPZ: 51.87 (-0.03)
10-year yield eyes sub-2% handle
Seeking Alpha - at Seeking Alpha - Mon Jan 05, 9:13AM CST
EWI: 14.44 (+0.05), TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), DLBL: 78.14 (+0.78), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), TBT: 44.22 (+0.88), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), TTT: 38.96 (+1.14), SCHR: 53.88 (-0.11), GSY: 49.94 (+0.01), SYTL: 88.67 (-3.56), TYBS: 22.40 (+0.20), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12), DTYL: 76.39 (-1.24), IEI: 123.09 (-0.14), TYD: 46.21 (-0.08), PST: 24.08 (+0.14), IEF: 107.18 (-0.36), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), EDV: 126.88 (-1.85), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), TMV: 29.17 (+0.87), LBND: 56.35 (-2.05), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), VGLT: 78.92 (-0.70), TMF: 90.04 (-2.88)
The Hated. The Feared. The Amazing. The U.S. Treasury Bond.
Alpha Architect - at Seeking Alpha - Sun Jan 04, 11:43PM CST
By Wesley R. Gray, Ph.D. As "everyone" seems to know , the US 10-year Treasury bond has a low relative yield and is "inevitably going to rise at some point in the future." We have no strong feelings one way or the other on the...
IEI: 123.09 (-0.14), TBX: 30.03 (+0.07), DTYL: 76.39 (-1.24), DFVS: 33.70 (+0.16), TYD: 46.21 (-0.08), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), UST: 56.86 (-0.32), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12)
Treasurys rally as Greek vote spurs flight to safety
Seeking Alpha - at Seeking Alpha - Mon Dec 29, 11:56AM CST
TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), DLBL: 78.14 (+0.78), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), TBT: 44.22 (+0.88), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), TTT: 38.96 (+1.14), SCHR: 53.88 (-0.11), GSY: 49.94 (+0.01), SYTL: 88.67 (-3.56), TYBS: 22.40 (+0.20), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12), DTYL: 76.39 (-1.24), IEI: 123.09 (-0.14), TYD: 46.21 (-0.08), PST: 24.08 (+0.14), IEF: 107.18 (-0.36), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), EDV: 126.88 (-1.85), DTYS: 20.97 (+0.37), GGOV: 36.80 (-0.99), TYNS: 30.29 (+0.49), TMV: 29.17 (+0.87), LBND: 56.35 (-2.05), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), BUNT: 50.82 (-0.29), VGLT: 78.92 (-0.70), TMF: 90.04 (-2.88), BUNL: 27.48 (+0.05)
Yellen Comments Trigger Treasury Bond Sell-Off
Learn Bonds - Seeking Alpha - Fri Dec 19, 1:39PM CST
The biggest one-day treasury bond sell-off in months was posted this week, this as Janet Yellen, Chairwoman with the Federal Reserve Bank, again voiced concerns that interest rates may be raised sooner than anticipated by investors by the central...
TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), DLBL: 78.14 (+0.78), DFVL: 65.54 (+1.42), TBZ: 29.08 (unch), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), TBT: 44.22 (+0.88), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), TYO: 17.93 (+0.14), ITE: 60.17 (-0.06), TTT: 38.96 (+1.14), SCHO: 50.62 (-0.01), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), TYBS: 22.40 (+0.20), IEI: 123.09 (-0.14), DTYL: 76.39 (-1.24), TYD: 46.21 (-0.08), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), DTUS: 34.68 (-0.16), EDV: 126.88 (-1.85), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), TMV: 29.17 (+0.87), DTUL: 62.62 (-0.15), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), TUZ: 50.92 (-0.01), SHY: 84.64 (unch), VGLT: 78.92 (-0.70), TMF: 90.04 (-2.88), SHV: 110.27 (+0.01), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), LBND: 56.35 (-2.05), TAPR: 31.63 (+0.44), BIL: 45.73 (+0.01), SST: 30.16 (-0.01), VGSH: 60.96 (-0.02), PLW: 33.20 (-0.21), GOVT: 25.33 (-0.06)
10-year Treasury yield eyes a 1% handle
Seeking Alpha - at Seeking Alpha - Tue Dec 16, 6:34AM CST
TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), DLBL: 78.14 (+0.78), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), TBT: 44.22 (+0.88), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), TTT: 38.96 (+1.14), SCHR: 53.88 (-0.11), GSY: 49.94 (+0.01), SYTL: 88.67 (-3.56), TYBS: 22.40 (+0.20), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12), DTYL: 76.39 (-1.24), IEI: 123.09 (-0.14), TYD: 46.21 (-0.08), PST: 24.08 (+0.14), IEF: 107.18 (-0.36), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), EDV: 126.88 (-1.85), DTYS: 20.97 (+0.37), GGOV: 36.80 (-0.99), TYNS: 30.29 (+0.49), TMV: 29.17 (+0.87), LBND: 56.35 (-2.05), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), BUNT: 50.82 (-0.29), VGLT: 78.92 (-0.70), TMF: 90.04 (-2.88), BUNL: 27.48 (+0.05)
Treasury yields plumb new lows
Seeking Alpha - at Seeking Alpha - Fri Dec 12, 10:24AM CST
TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), DLBL: 78.14 (+0.78), DFVL: 65.54 (+1.42), TBZ: 29.08 (unch), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), TBT: 44.22 (+0.88), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), TYO: 17.93 (+0.14), ITE: 60.17 (-0.06), TTT: 38.96 (+1.14), SCHO: 50.62 (-0.01), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), TYBS: 22.40 (+0.20), IEI: 123.09 (-0.14), DTYL: 76.39 (-1.24), ITLY: 31.58 (unch), TYD: 46.21 (-0.08), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), DTUS: 34.68 (-0.16), EDV: 126.88 (-1.85), ITLT: 65.95 (unch), EU: 20.54 (-0.08), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), TMV: 29.17 (+0.87), DTUL: 62.62 (-0.15), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), BUNT: 50.82 (-0.29), TUZ: 50.92 (-0.01), SHY: 84.64 (unch), VGLT: 78.92 (-0.70), TMF: 90.04 (-2.88), SHV: 110.27 (+0.01), BUNL: 27.48 (+0.05), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), GGOV: 36.80 (-0.99), LBND: 56.35 (-2.05), BIL: 45.73 (+0.01), SST: 30.16 (-0.01), VGSH: 60.96 (-0.02)
Burton Malkiel Says Don't Listen To Forecasts (Except His Forecasts)
Cullen Roche - Seeking Alpha - Fri Dec 12, 3:36AM CST
I gave John Bogle the “active investor” business earlier this week when I said he is an active investor in passive clothing so this recent article from Burton Malkiel deserves the same treatment. In this Bloomberg interview...
IEI: 123.09 (-0.14), TBX: 30.03 (+0.07), DTYL: 76.39 (-1.24), DFVS: 33.70 (+0.16), TYD: 46.21 (-0.08), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), UST: 56.86 (-0.32), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12)
The Federal Reserve Discounts The Bond Market's View
Brad DeLong - at Seeking Alpha - Thu Dec 11, 11:58PM CST
Torsten Slok says: And Tim Duy says: Tim Duy : Challenging the Fed : Both Paul Krugman and Ryan Avent are pushing back on the Federal Reserve's apparent intent to raise rates in the middle of next year. Why is the Fed heading in this...
IEI: 123.09 (-0.14), TBX: 30.03 (+0.07), DTYL: 76.39 (-1.24), DFVS: 33.70 (+0.16), TYD: 46.21 (-0.08), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), UST: 56.86 (-0.32), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12)
How Did We Get Here?
Auspex Research - Seeking Alpha - Wed Dec 10, 3:43PM CST
I was asked to write something for a friend who knows only a little about the stock market that gives my thoughts on the current economic environment given the fact that mainstream media is trumpeting the successes of this supposed strong economy. He...
TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), DLBL: 78.14 (+0.78), SINF: 47.80 (unch), MBG: 27.29 (+0.01), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), STIP: 99.28 (-0.02), TBT: 44.22 (+0.88), RINF: 30.25 (+0.05), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), FINF: 42.47 (-0.64), SPY: 209.78 (+0.86), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), TTT: 38.96 (+1.14), SCHO: 50.62 (-0.01), SCHP: 54.49 (-0.11), MBB: 109.88 (+0.03), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), UINF: 27.79 (+0.01), SYTL: 88.67 (-3.56), TPS: 26.90 (-0.02), TYBS: 22.40 (+0.20), TIP: 112.66 (-0.23), IEI: 123.09 (-0.14), DTYL: 76.39 (-1.24), TYD: 46.21 (-0.08), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), DTUS: 34.68 (-0.16), EDV: 126.88 (-1.85), GNMA: 50.34 (-0.26), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), TFLO: 50.07 (-0.06), TMV: 29.17 (+0.87), DTUL: 62.62 (-0.15), LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), TUZ: 50.92 (-0.01), SHY: 84.64 (unch), VGLT: 78.92 (-0.70), TMF: 90.04 (-2.88), SHV: 110.27 (+0.01), SIPE: 19.42 (unch), FLAT: 61.92 (-0.15), USFR: 24.89 (unch), TIPX: 19.30 (unch), AGZ: 114.28 (+0.08), TDTF: 24.73 (-0.03), TIPZ: 57.25 (-0.09), INFL: 39.28 (+0.47), TDTT: 24.39 (unch), FIVZ: 80.60 (unch), DEFL: 58.00 (unch), VGIT: 64.86 (-0.12), IPE: 56.23 (-0.11), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), LBND: 56.35 (-2.05), STPP: 33.20 (+0.19), TAPR: 31.63 (+0.44), VMBS: 53.15 (-0.09), STPZ: 51.87 (-0.03), BIL: 45.73 (+0.01), SST: 30.16 (-0.01), VGSH: 60.96 (-0.02), PLW: 33.20 (-0.21), GOVT: 25.33 (-0.06)
Money flows back into fixed income
Seeking Alpha - at Seeking Alpha - Tue Dec 09, 8:47AM CST
TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), DLBL: 78.14 (+0.78), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), TBT: 44.22 (+0.88), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), SCHO: 50.62 (-0.01), TTT: 38.96 (+1.14), SCHR: 53.88 (-0.11), GSY: 49.94 (+0.01), SYTL: 88.67 (-3.56), TYBS: 22.40 (+0.20), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12), DTYL: 76.39 (-1.24), IEI: 123.09 (-0.14), TYD: 46.21 (-0.08), PST: 24.08 (+0.14), IEF: 107.18 (-0.36), DTUS: 34.68 (-0.16), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), EDV: 126.88 (-1.85), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), TMV: 29.17 (+0.87), DTUL: 62.62 (-0.15), LBND: 56.35 (-2.05), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), TUZ: 50.92 (-0.01), SHY: 84.64 (unch), BIL: 45.73 (+0.01), VGLT: 78.92 (-0.70), SST: 30.16 (-0.01), VGSH: 60.96 (-0.02), SHV: 110.27 (+0.01), TMF: 90.04 (-2.88)
A Very Pernicious Partnership: Keynesian Money Printers And Wall Street Gamblers
David Stockman - Seeking Alpha - Mon Feb 09, 1:53PM CST
No sooner was the January jobs report released than the Wall Street Journal posted a succinct headline: "Hiring, Wages Pick Up as Job Market Nears Full Health". Whether the job market is actually as red hot as the BLS' headline numbers...
TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), DLBL: 78.14 (+0.78), SINF: 47.80 (unch), MBG: 27.29 (+0.01), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), STIP: 99.28 (-0.02), TBT: 44.22 (+0.88), RINF: 30.25 (+0.05), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), FINF: 42.47 (-0.64), HOLD: 99.38 (+0.07), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), TTT: 38.96 (+1.14), SCHO: 50.62 (-0.01), SCHP: 54.49 (-0.11), MBB: 109.88 (+0.03), GMTB: 52.35 (-0.02), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), UINF: 27.79 (+0.01), SYTL: 88.67 (-3.56), TPS: 26.90 (-0.02), TYBS: 22.40 (+0.20), TIP: 112.66 (-0.23), IEI: 123.09 (-0.14), DTYL: 76.39 (-1.24), TYD: 46.21 (-0.08), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), DTUS: 34.68 (-0.16), EDV: 126.88 (-1.85), GNMA: 50.34 (-0.26), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), TFLO: 50.07 (-0.06), TMV: 29.17 (+0.87), DTUL: 62.62 (-0.15), LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), TUZ: 50.92 (-0.01), SHY: 84.64 (unch), VGLT: 78.92 (-0.70), RAVI: 75.36 (+0.03), TMF: 90.04 (-2.88), SHV: 110.27 (+0.01), ULST: 40.01 (unch), NEAR: 50.09 (-0.01), SIPE: 19.42 (unch), FLAT: 61.92 (-0.15), FTSM: 60.00 (unch), USFR: 24.89 (unch), TIPX: 19.30 (unch), AGZ: 114.28 (+0.08), ICSH: 50.02 (+0.09), TDTF: 24.73 (-0.03), TIPZ: 57.25 (-0.09), INFL: 39.28 (+0.47), TDTT: 24.39 (unch), FIVZ: 80.60 (unch), DEFL: 58.00 (unch), VGIT: 64.86 (-0.12), IPE: 56.23 (-0.11), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), LBND: 56.35 (-2.05), STPP: 33.20 (+0.19), TAPR: 31.63 (+0.44), VMBS: 53.15 (-0.09), STPZ: 51.87 (-0.03), BIL: 45.73 (+0.01), SST: 30.16 (-0.01), VGSH: 60.96 (-0.02), FTSD: 99.21 (unch), MINT: 101.06 (-0.01), PLW: 33.20 (-0.21), GOVT: 25.33 (-0.06)
Services PMI: Struggling companies still hiring
Seeking Alpha - at Seeking Alpha - Wed Feb 04, 9:03AM CST
IEI: 123.09 (-0.14), TBX: 30.03 (+0.07), DTYL: 76.39 (-1.24), DFVS: 33.70 (+0.16), TYD: 46.21 (-0.08), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), UST: 56.86 (-0.32), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12)
Bullard: Expectations for summer rate hike "reasonable"
Seeking Alpha - at Seeking Alpha - Fri Jan 30, 8:32AM CST
TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), FLAT: 61.92 (-0.15), TYO: 17.93 (+0.14), ITE: 60.17 (-0.06), SCHO: 50.62 (-0.01), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12), IEI: 123.09 (-0.14), DTYL: 76.39 (-1.24), TYD: 46.21 (-0.08), PST: 24.08 (+0.14), IEF: 107.18 (-0.36), UST: 56.86 (-0.32), DTUS: 34.68 (-0.16), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), DTUL: 62.62 (-0.15), STPP: 33.20 (+0.19), TUZ: 50.92 (-0.01), SHY: 84.64 (unch), BIL: 45.73 (+0.01), SST: 30.16 (-0.01), VGSH: 60.96 (-0.02), SHV: 110.27 (+0.01)
Gundlach: 2015 could be repeat of 1937
Seeking Alpha - at Seeking Alpha - Tue Jan 27, 11:45AM CST
DTYL: 76.39 (-1.24), IEI: 123.09 (-0.14), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TYD: 46.21 (-0.08), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), UST: 56.86 (-0.32), FLAT: 61.92 (-0.15), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), STPP: 33.20 (+0.19), TAPR: 31.63 (+0.44), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), SCHR: 53.88 (-0.11), GSY: 49.94 (+0.01), SYTL: 88.67 (-3.56), FIVZ: 80.60 (unch), PLW: 33.20 (-0.21), VGIT: 64.86 (-0.12), GOVT: 25.33 (-0.06)
Treasury yields continue steep decline
Seeking Alpha - at Seeking Alpha - Thu Jan 15, 2:55PM CST
TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), DLBL: 78.14 (+0.78), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), TBT: 44.22 (+0.88), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), TTT: 38.96 (+1.14), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), TYBS: 22.40 (+0.20), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12), DTYL: 76.39 (-1.24), IEI: 123.09 (-0.14), TYD: 46.21 (-0.08), PST: 24.08 (+0.14), IEF: 107.18 (-0.36), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), EDV: 126.88 (-1.85), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), TMV: 29.17 (+0.87), LBND: 56.35 (-2.05), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), VGLT: 78.92 (-0.70), TMF: 90.04 (-2.88)
U.S. 10-year note yield lowest in 20 months
Seeking Alpha - at Seeking Alpha - Tue Jan 13, 3:17AM CST
TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), DLBL: 78.14 (+0.78), DFVL: 65.54 (+1.42), TBZ: 29.08 (unch), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), TBT: 44.22 (+0.88), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), TYO: 17.93 (+0.14), ITE: 60.17 (-0.06), TTT: 38.96 (+1.14), SCHO: 50.62 (-0.01), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), TYBS: 22.40 (+0.20), IEI: 123.09 (-0.14), DTYL: 76.39 (-1.24), TYD: 46.21 (-0.08), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), DTUS: 34.68 (-0.16), EDV: 126.88 (-1.85), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), TFLO: 50.07 (-0.06), TMV: 29.17 (+0.87), DTUL: 62.62 (-0.15), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), TUZ: 50.92 (-0.01), SHY: 84.64 (unch), VGLT: 78.92 (-0.70), TMF: 90.04 (-2.88), SHV: 110.27 (+0.01), FLAT: 61.92 (-0.15), USFR: 24.89 (unch), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), LBND: 56.35 (-2.05), STPP: 33.20 (+0.19), TAPR: 31.63 (+0.44), BIL: 45.73 (+0.01), SST: 30.16 (-0.01), VGSH: 60.96 (-0.02), PLW: 33.20 (-0.21), GOVT: 25.33 (-0.06)
Fed To Treasury Market: You're Wrong (And Vice-Versa)
Brian Romanchuk - Seeking Alpha - Mon Jan 12, 7:24AM CST
Last week ushered in a bit of excitement into Fed watching, with cross currents from the Fed minutes and the employment situation report. Unless the swoon in Average Hourly Earnings - pictured above - causes a re-think at the Fed, we have bond market...
IEI: 123.09 (-0.14), TBX: 30.03 (+0.07), DTYL: 76.39 (-1.24), DFVS: 33.70 (+0.16), TYD: 46.21 (-0.08), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), UST: 56.86 (-0.32), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12)
There's No Bubble In Bonds, But They Look Frothy
Cullen Roche - at Seeking Alpha - Thu Jan 08, 3:23AM CST
I've been a bond bull for as long as I've written this blog. Over the course of the last 6 years I've repeatedly defended bonds in a portfolio, explained why US government bonds were not at risk of default or high inflation and I've spilled a huge...
IEI: 123.09 (-0.14), TBX: 30.03 (+0.07), DTYL: 76.39 (-1.24), DFVS: 33.70 (+0.16), TYD: 46.21 (-0.08), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), UST: 56.86 (-0.32), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12)
Why Gold May Finally Be Turning Higher
Market Anthropology - at Seeking Alpha - Wed Jan 07, 7:43AM CST
We came into last year with the idea that despite a historically low disposition at 3 percent, the 10-year yield had become stretched at a relative performance extreme . In less than two years, yields had run up over 100% above the July 2012 cycle...
DTYL: 76.39 (-1.24), TBX: 30.03 (+0.07), IEI: 123.09 (-0.14), DFVS: 33.70 (+0.16), TYD: 46.21 (-0.08), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), OUNZ: 12.26 (+0.06), UST: 56.86 (-0.32), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), SGOL: 120.32 (+0.59), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), GLD: 117.98 (+0.64), SCHR: 53.88 (-0.11), GSY: 49.94 (+0.01), IAU: 11.89 (+0.06), AGOL: 121.01 (-0.19), SYTL: 88.67 (-3.56), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12)
Yield Curve Bleg
Scott Sumner - at Seeking Alpha - Tue Jan 06, 4:51AM CST
I notice that 5-year Treasuries are currently yielding 1.56% and 10-year yields are 2.04%. I was taught two theories of the yield curve: Expectations hypothesis-> Long term yields are an average of expected future short term yields. Term...
TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), SINF: 47.80 (unch), SIPE: 19.42 (unch), TIPX: 19.30 (unch), STIP: 99.28 (-0.02), TDTF: 24.73 (-0.03), TIPZ: 57.25 (-0.09), RINF: 30.25 (+0.05), FINF: 42.47 (-0.64), TYO: 17.93 (+0.14), ITE: 60.17 (-0.06), SCHP: 54.49 (-0.11), INFL: 39.28 (+0.47), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), UINF: 27.79 (+0.01), TDTT: 24.39 (unch), SYTL: 88.67 (-3.56), TPS: 26.90 (-0.02), FIVZ: 80.60 (unch), DEFL: 58.00 (unch), VGIT: 64.86 (-0.12), TIP: 112.66 (-0.23), IEI: 123.09 (-0.14), DTYL: 76.39 (-1.24), TYD: 46.21 (-0.08), PST: 24.08 (+0.14), IEF: 107.18 (-0.36), UST: 56.86 (-0.32), IPE: 56.23 (-0.11), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), STPZ: 51.87 (-0.03)
10-year yield eyes sub-2% handle
Seeking Alpha - at Seeking Alpha - Mon Jan 05, 9:13AM CST
EWI: 14.44 (+0.05), TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), DLBL: 78.14 (+0.78), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), TBT: 44.22 (+0.88), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), TTT: 38.96 (+1.14), SCHR: 53.88 (-0.11), GSY: 49.94 (+0.01), SYTL: 88.67 (-3.56), TYBS: 22.40 (+0.20), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12), DTYL: 76.39 (-1.24), IEI: 123.09 (-0.14), TYD: 46.21 (-0.08), PST: 24.08 (+0.14), IEF: 107.18 (-0.36), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), EDV: 126.88 (-1.85), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), TMV: 29.17 (+0.87), LBND: 56.35 (-2.05), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), VGLT: 78.92 (-0.70), TMF: 90.04 (-2.88)
The Hated. The Feared. The Amazing. The U.S. Treasury Bond.
Alpha Architect - at Seeking Alpha - Sun Jan 04, 11:43PM CST
By Wesley R. Gray, Ph.D. As "everyone" seems to know , the US 10-year Treasury bond has a low relative yield and is "inevitably going to rise at some point in the future." We have no strong feelings one way or the other on the...
IEI: 123.09 (-0.14), TBX: 30.03 (+0.07), DTYL: 76.39 (-1.24), DFVS: 33.70 (+0.16), TYD: 46.21 (-0.08), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), UST: 56.86 (-0.32), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12)
Treasurys rally as Greek vote spurs flight to safety
Seeking Alpha - at Seeking Alpha - Mon Dec 29, 11:56AM CST
TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), DLBL: 78.14 (+0.78), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), TBT: 44.22 (+0.88), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), TTT: 38.96 (+1.14), SCHR: 53.88 (-0.11), GSY: 49.94 (+0.01), SYTL: 88.67 (-3.56), TYBS: 22.40 (+0.20), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12), DTYL: 76.39 (-1.24), IEI: 123.09 (-0.14), TYD: 46.21 (-0.08), PST: 24.08 (+0.14), IEF: 107.18 (-0.36), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), EDV: 126.88 (-1.85), DTYS: 20.97 (+0.37), GGOV: 36.80 (-0.99), TYNS: 30.29 (+0.49), TMV: 29.17 (+0.87), LBND: 56.35 (-2.05), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), BUNT: 50.82 (-0.29), VGLT: 78.92 (-0.70), TMF: 90.04 (-2.88), BUNL: 27.48 (+0.05)
Yellen Comments Trigger Treasury Bond Sell-Off
Learn Bonds - Seeking Alpha - Fri Dec 19, 1:39PM CST
The biggest one-day treasury bond sell-off in months was posted this week, this as Janet Yellen, Chairwoman with the Federal Reserve Bank, again voiced concerns that interest rates may be raised sooner than anticipated by investors by the central...
TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), DLBL: 78.14 (+0.78), DFVL: 65.54 (+1.42), TBZ: 29.08 (unch), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), TBT: 44.22 (+0.88), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), TYO: 17.93 (+0.14), ITE: 60.17 (-0.06), TTT: 38.96 (+1.14), SCHO: 50.62 (-0.01), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), TYBS: 22.40 (+0.20), IEI: 123.09 (-0.14), DTYL: 76.39 (-1.24), TYD: 46.21 (-0.08), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), DTUS: 34.68 (-0.16), EDV: 126.88 (-1.85), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), TMV: 29.17 (+0.87), DTUL: 62.62 (-0.15), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), TUZ: 50.92 (-0.01), SHY: 84.64 (unch), VGLT: 78.92 (-0.70), TMF: 90.04 (-2.88), SHV: 110.27 (+0.01), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), LBND: 56.35 (-2.05), TAPR: 31.63 (+0.44), BIL: 45.73 (+0.01), SST: 30.16 (-0.01), VGSH: 60.96 (-0.02), PLW: 33.20 (-0.21), GOVT: 25.33 (-0.06)
10-year Treasury yield eyes a 1% handle
Seeking Alpha - at Seeking Alpha - Tue Dec 16, 6:34AM CST
TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), DLBL: 78.14 (+0.78), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), TBT: 44.22 (+0.88), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), TTT: 38.96 (+1.14), SCHR: 53.88 (-0.11), GSY: 49.94 (+0.01), SYTL: 88.67 (-3.56), TYBS: 22.40 (+0.20), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12), DTYL: 76.39 (-1.24), IEI: 123.09 (-0.14), TYD: 46.21 (-0.08), PST: 24.08 (+0.14), IEF: 107.18 (-0.36), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), EDV: 126.88 (-1.85), DTYS: 20.97 (+0.37), GGOV: 36.80 (-0.99), TYNS: 30.29 (+0.49), TMV: 29.17 (+0.87), LBND: 56.35 (-2.05), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), BUNT: 50.82 (-0.29), VGLT: 78.92 (-0.70), TMF: 90.04 (-2.88), BUNL: 27.48 (+0.05)
Treasury yields plumb new lows
Seeking Alpha - at Seeking Alpha - Fri Dec 12, 10:24AM CST
TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), DLBL: 78.14 (+0.78), DFVL: 65.54 (+1.42), TBZ: 29.08 (unch), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), TBT: 44.22 (+0.88), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), TYO: 17.93 (+0.14), ITE: 60.17 (-0.06), TTT: 38.96 (+1.14), SCHO: 50.62 (-0.01), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), TYBS: 22.40 (+0.20), IEI: 123.09 (-0.14), DTYL: 76.39 (-1.24), ITLY: 31.58 (unch), TYD: 46.21 (-0.08), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), DTUS: 34.68 (-0.16), EDV: 126.88 (-1.85), ITLT: 65.95 (unch), EU: 20.54 (-0.08), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), TMV: 29.17 (+0.87), DTUL: 62.62 (-0.15), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), BUNT: 50.82 (-0.29), TUZ: 50.92 (-0.01), SHY: 84.64 (unch), VGLT: 78.92 (-0.70), TMF: 90.04 (-2.88), SHV: 110.27 (+0.01), BUNL: 27.48 (+0.05), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), GGOV: 36.80 (-0.99), LBND: 56.35 (-2.05), BIL: 45.73 (+0.01), SST: 30.16 (-0.01), VGSH: 60.96 (-0.02)
Burton Malkiel Says Don't Listen To Forecasts (Except His Forecasts)
Cullen Roche - Seeking Alpha - Fri Dec 12, 3:36AM CST
I gave John Bogle the “active investor” business earlier this week when I said he is an active investor in passive clothing so this recent article from Burton Malkiel deserves the same treatment. In this Bloomberg interview...
IEI: 123.09 (-0.14), TBX: 30.03 (+0.07), DTYL: 76.39 (-1.24), DFVS: 33.70 (+0.16), TYD: 46.21 (-0.08), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), UST: 56.86 (-0.32), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12)
The Federal Reserve Discounts The Bond Market's View
Brad DeLong - at Seeking Alpha - Thu Dec 11, 11:58PM CST
Torsten Slok says: And Tim Duy says: Tim Duy : Challenging the Fed : Both Paul Krugman and Ryan Avent are pushing back on the Federal Reserve's apparent intent to raise rates in the middle of next year. Why is the Fed heading in this...
IEI: 123.09 (-0.14), TBX: 30.03 (+0.07), DTYL: 76.39 (-1.24), DFVS: 33.70 (+0.16), TYD: 46.21 (-0.08), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), UST: 56.86 (-0.32), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), SYTL: 88.67 (-3.56), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12)
How Did We Get Here?
Auspex Research - Seeking Alpha - Wed Dec 10, 3:43PM CST
I was asked to write something for a friend who knows only a little about the stock market that gives my thoughts on the current economic environment given the fact that mainstream media is trumpeting the successes of this supposed strong economy. He...
TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), DLBL: 78.14 (+0.78), SINF: 47.80 (unch), MBG: 27.29 (+0.01), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), STIP: 99.28 (-0.02), TBT: 44.22 (+0.88), RINF: 30.25 (+0.05), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), FINF: 42.47 (-0.64), SPY: 209.78 (+0.86), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), TTT: 38.96 (+1.14), SCHO: 50.62 (-0.01), SCHP: 54.49 (-0.11), MBB: 109.88 (+0.03), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), UINF: 27.79 (+0.01), SYTL: 88.67 (-3.56), TPS: 26.90 (-0.02), TYBS: 22.40 (+0.20), TIP: 112.66 (-0.23), IEI: 123.09 (-0.14), DTYL: 76.39 (-1.24), TYD: 46.21 (-0.08), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), DTUS: 34.68 (-0.16), EDV: 126.88 (-1.85), GNMA: 50.34 (-0.26), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), TFLO: 50.07 (-0.06), TMV: 29.17 (+0.87), DTUL: 62.62 (-0.15), LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), TUZ: 50.92 (-0.01), SHY: 84.64 (unch), VGLT: 78.92 (-0.70), TMF: 90.04 (-2.88), SHV: 110.27 (+0.01), SIPE: 19.42 (unch), FLAT: 61.92 (-0.15), USFR: 24.89 (unch), TIPX: 19.30 (unch), AGZ: 114.28 (+0.08), TDTF: 24.73 (-0.03), TIPZ: 57.25 (-0.09), INFL: 39.28 (+0.47), TDTT: 24.39 (unch), FIVZ: 80.60 (unch), DEFL: 58.00 (unch), VGIT: 64.86 (-0.12), IPE: 56.23 (-0.11), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), LBND: 56.35 (-2.05), STPP: 33.20 (+0.19), TAPR: 31.63 (+0.44), VMBS: 53.15 (-0.09), STPZ: 51.87 (-0.03), BIL: 45.73 (+0.01), SST: 30.16 (-0.01), VGSH: 60.96 (-0.02), PLW: 33.20 (-0.21), GOVT: 25.33 (-0.06)
Money flows back into fixed income
Seeking Alpha - at Seeking Alpha - Tue Dec 09, 8:47AM CST
TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), DLBL: 78.14 (+0.78), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), TBT: 44.22 (+0.88), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), SCHO: 50.62 (-0.01), TTT: 38.96 (+1.14), SCHR: 53.88 (-0.11), GSY: 49.94 (+0.01), SYTL: 88.67 (-3.56), TYBS: 22.40 (+0.20), FIVZ: 80.60 (unch), VGIT: 64.86 (-0.12), DTYL: 76.39 (-1.24), IEI: 123.09 (-0.14), TYD: 46.21 (-0.08), PST: 24.08 (+0.14), IEF: 107.18 (-0.36), DTUS: 34.68 (-0.16), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), EDV: 126.88 (-1.85), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), TMV: 29.17 (+0.87), DTUL: 62.62 (-0.15), LBND: 56.35 (-2.05), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), TUZ: 50.92 (-0.01), SHY: 84.64 (unch), BIL: 45.73 (+0.01), VGLT: 78.92 (-0.70), SST: 30.16 (-0.01), VGSH: 60.96 (-0.02), SHV: 110.27 (+0.01), TMF: 90.04 (-2.88)
