Bonds at 5%: Is The 10-Year Treasury Finally a Buy?
With the 10-year Treasury yield at its highest level since 2002, buying bonds at 5% is the first real alternative that stock investors have had in nearly two decades.
Read more →Fixed Income
Treasury Auctions Explained: Why Bond Auctions Matter Even If You Dont Trade Bonds
Most investors are still focused on the stock market, especially technology and AI stocks. But over the past few days, the more interesting move has been happening in bonds. U.S. Treasury yields have moved sharply highe…
Read more →Rates Outlook: Don’t Get Too Comfortable
Crude oil prices jumped and stock prices fell after President Trump declared an end to the fragile ceasefire in the Strait of Hormuz. The U.S. military attacked dozens of targets along the Iranian coastline overnight, i…
Read more →Rates Outlook: Volatility Is No Friend of Spreads
📘 Why Manual Forex Trading Is Officially Dead — And AI Will Bury It in 2026 ________________________________________ 1. 🚨 Executive Summary Manual FX trading is not merely declining—it is entering its terminal phase. As…
Read more →Rising Real Yields Point to a 6% 10-Year Treasury Rate
The Relationship Every Gold Trader Should Understand Why Falling Real Yields Continue to Be One of Gold's Most Powerful Bullish Catalysts "Gold does not compete with stocks. Gold does not compete with bonds. Gold compet…
Read more →Bessent Said He Was the House — the Bond Market Called the Bluff
Rising US long-term interest rates have become the defining issue in global financial markets. But why have they climbed so fast? Yields have now surpassed the expected return on stocks for the first time in 20 months —…
Read more →Rates Outlook: Bifurcated Risk Sentiment
(Kitco News) – Gold prices saw another choppy week, as renewed Middle East uncertainty and bargain-hunting failed to offset pressure from elevated Treasury yields, a resilient U.S. dollar, and fresh evidence that the Fe…
Read more →Bond Market Daily: Running With the Stock Market Bulls, Watching the Auction Tail
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Read more →Tokyo Bond Desks Say Sayonara as Japan Reconsiders Its French Love Affair
There is an FX sting in the tail as well. If Japanese investors are trimming exposure to European debt, EUR/JPY starts to matter as more than a conventional rate-spread trade. It becomes a possible capital-flow tell, wh…
Read more →Repricing the ECB Path
It is a privilege to be here in Tallinn to deliver this lecture in memory of Professor Ragnar Nurkse. Widely regarded as one of the intellectual fathers of the post-war Bretton Woods system, his work showed how external…
Read more →France Is Discovering the Cost of Higher Yields
Three themes have been shaping portfolios through the summer: politics; bond yields; and (inevitably) AI.
Read more →Bond Market Weekly: The Selloff Is Starting to Find Its Limits
Actions by advanced economies to limit rising government bond yields are unlikely to be durable without additional policy change or a material economic slowdown—but the first is unlikely and the second is unwanted.
Read more →What Do Parabolic Treasury Yields Tell Us?
Precious metals investors are watching market conditions closely as gold and silver hover at pivotal price points. While both metals have already posted impressive gains, multiple converging factors suggest we may be wi…
Read more →Rates Spark: Widening Fiscal Woes
SEOUL – A surge in long-term US Treasury yields is driving up borrowing costs in Korea, lifting government bond yields and adding pressure on companies, households and stocks.
Read more →Rates Fall Sharply Ahead of the September Jobs Report
TOKYO - Tokyo stocks fell on October 2, with the Nikkei 225 closing at 68,309, down 647 points, as investors took profits after the previous day’s sharp rally and turned cautious ahead of U.S. employment data, rising gl…
Read more →To What Extent Is the Rise in Long-Dated Rates Attributable to AI?
It appears that investors are concerned that the economy could be overheating, potentially leading to a faster tightening of monetary policy by the Federal Reserve. Last week, S&P Global released its latest flash purcha…
Read more →Bessent Intervened in September. So Why Is He Silent as 10-Year Hits 24-Year High
On August 19, 2026, the U.S. Treasury announced that it would at least double the size of its liquidity-support buyback operations in the 10-to-20-year and 20-to-30-year maturity sectors.
Read more →Treasury Yields Keep Rising. Can the Economy Keep Up?
Major bond markets are under pressure thanks to massive AI debt sales, fiscal woes, and inflation concerns.
Read more →Gilts Too Distracted for Good News
Prime Minister Burnham presented UK government plans that should help ease gilt investors' concerns about political risks. For now, US rates and energy costs continue in the driver's seat, offering little relief for gil…
Read more →Real Yield Rise Is Not That Mysterious
Nasa is releasing a steady stream of stunning pictures of the Moon and Earth taken by the astronauts on its Artemis II Moon mission.
Read more →Bond Yields Are Surging: What It Means for Stocks, Gold, and the US Dollar
Gold prices are facing a critical test at the start of September as a renewed global bond sell-off puts pressure on non-yielding assets.
Read more →Treasury Jitters Are Rising, Yet the Real Pressure Is Building in Diesel
Early trading shows the Dow down around 0.3%. The S&P 500 is nearly unchanged. The Nasdaq is inching higher. This comes after yesterday’s pullback, when both the S&P 500 and Nasdaq retreated from record highs. Rising oi…
Read more →Bond Markets Are Screaming, and Every Asset Class Should Be Listening
Stocks of the largest U.S. companies plunged 10% in one week late last year and closed flat for 2015. The selloff hit investors in the high-flying market for Chinese stocks with a whopping 25% drop from the April high a…
Read more →Rates Outlook: Asymmetric Relationship Between Oil and Rates
Russia’s full-scale invasion of Ukraine in February 2022 challenged much of the common Western understanding of Russia. How can the world better understand Russia? What are the steps forward for Western policy? The Eura…
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