It’s the weekly bond edition of What the FICC?
Credit spreads around the world are sending a clear message: “Relax.”
Check it out!
Expert technical analysis of financial markets by JC Parets
by Ian Culley
It’s the weekly bond edition of What the FICC?
Credit spreads around the world are sending a clear message: “Relax.”
Check it out!
by Ian Culley
From the Desk of Ian Culley
If bond markets aren’t stressing, why should we be?
They’re the largest markets in the world. That’s why we constantly monitor credit spreads for signs of structural weakness and elevated risk.
But, as of now, we’re not seeing the slightest hint of impending catastrophe.
Despite the doom-and-gloom headlines popping up in your inbox and financial media talking heads spinning an imminent recession…
Credit spreads around the world are sending a clear message: “Relax.”
by Ian Culley
It’s the weekly bond market edition of What the FICC?
Today we’re highlighting potential failed breakouts in European benchmark rates.
Check it out!
by Ian Culley
From the Desk of Ian Culley @Ianculley
Whether you’re looking across the curve or around the world, interest rates continue to rise.
Benchmark rates in Germany, France, Spain, and Portugal hit fresh multi-year highs last week. Interestingly, the US 10-year yield did not. And neither did the two-, 5-, or 30-year yields.
I’m not claiming US yields have put in a lower high. It’s far too early to assume that. A downside resolution below last month’s pivot lows needs to materialize before making that claim.
Nevertheless, the lack of confirmation from US interest rates is intriguing, especially as European yields turn lower this week.
by Ian Culley
From the Desk of Ian Culley @Ianculley
Bonds have endured quite the year.
Perhaps 2022 marks the worst on record, or at least the past 100 years. Nevertheless, we’ve all witnessed extraordinary selling pressure in what has historically acted as a safe-haven asset.
Despite the dismal returns and destruction of the traditional 60/40 portfolio, the bond market continues to instill valuable lessons in those willing to listen and learn.
Check out these three poignant reminders courtesy of the bond market…
by Ian Culley
It’s the weekly bond market edition of What the FICC?
Today we’re highlighting the breakout in bonds.
Check it out!
by Ian Culley
From the Desk of Ian Culley @Ianculley
“Trade what’s in front of you.”
We say it all the time. And it sounds simple enough.
But, with an immense amount of information circulating, it can be difficult to distinguish what’s important.
That’s why we focus on price. Price filters the noise and useless data.
At the end of the day, it’s price that pays.
So, if bonds are breaking out to fresh multi-month highs, we should buy bonds, right?
by Ian Culley
From the Desk of Ian Culley @Ianculley
Bonds are flying under the radar.
While everyone focuses on the S&P 500 finding resistance at its 200-day moving average, bonds are posting their most substantial rally since the early 2020 peak.
Treasuries have represented downside risk for almost two years. We get it. Nobody’s wanted bonds!
Neither have we – until now.
Here’s why… [Read more…]