Posts filed under “Fixed Income/Interest Rates”

A Question of Liquidity

Source: WSJ

Category: Fixed Income/Interest Rates, Mutual Funds

What Happens When A Star Fund Manager Leave?

How the mighty have fallen. Earlier this month, the once towering Total Return Fund of Pacific Investment Management Co. hit a milestone. Mary Childs of Bloomberg News observed that Pimco’s “flagship fund fell below $100 billion in assets for the first time in more than eight years, leaving it with about a third of the money it…Read More

Category: Corporate Management, Fixed Income/Interest Rates, Hedge Funds, Mutual Funds

FOMC: Much Ado About Nothing

Life’s but a walking shadow, a poor player That struts and frets his hour upon the stage And then is heard no more: it is a tale Told by an idiot, full of sound and fury, Signifying nothing. –Macbeth     Sept. 17 is finally here, and one can’t help but be reminded of Shakespeare’s…Read More

Category: Federal Reserve, Fixed Income/Interest Rates, Philosophy

Every Fed Member’s Position on Raising Rates

Where every Fed member stands on raising interest rates     click through for complete list  Source: Marketwatch  

Category: Federal Reserve, Fixed Income/Interest Rates

There have been several theories floating around for why the Federal Reserve won’t raise rates in September: oil at $40 a barrel means there’s no inflation; the volatility in global markets; falling commodity prices suggest a global slowdown is a risk that might become more likely if China’s growth falters. I find none of these…Read More

Category: Bailouts, Federal Reserve, Fixed Income/Interest Rates, Inflation

I spent the past week in Maine, fishing for smallmouth bass and discussing policy with largemouth economists. It is an annual trip, and one where the wine flows freely and the debate is sincere and robust and perhaps best of all, very unguarded. The open nature of the discussion is the result of the Chatham House…Read More

Category: Analysts, Bailouts, Federal Reserve, Fixed Income/Interest Rates

It’s official. Puerto Rico defaults

Puerto Rico Defaults – Our new Muni Book Davd Kotok Cumberland, August 1, 2015   It’s official. Puerto Rico defaults. Here is a full list of discussions. As my colleague and co-author, Michael Comes, has described in detail, this is a default on a “moral-obligation” bond. Litigation will certainly start next week. A moral ob….Read More

Category: Books, Fixed Income/Interest Rates, Think Tank

Gold Performance & Rate Increases?

Interesting few examples from the past showing Gold benefitting from rate increases, as per a report by HSBC’s FX strategist, David Bloom. A few caveats: Rate increases typically occurred during periods of elevated inflation, and during currency fluctuation, especially a weak dollar. At present, we have deflation, and the dollar is at 12 year highs. Traders…Read More

Category: Fixed Income/Interest Rates, Gold & Precious Metals

Three forces driving US long rates

From Deutsche Bank: A striking feature of my ongoing discussions with clients is that many still believe that as a result of secular stagnation “long rates will never go up”. The problem is that holding onto that view has been expensive for the past seven weeks. Long rates in the US are driven by 1)…Read More

Category: Federal Reserve, Fixed Income/Interest Rates, Markets, Think Tank

Looking for for Volatility in All the Wrong Places

Where has all the stock market volatility gone? U.S. equities have been surprisingly quite the past three years. There hasn’t been a one-day change of 2 percent or more in the Standard & Poor’s 500 Index since December, Bloomberg News reported. Data compiled by Bloomberg and Deutsche Bank AG note that this is the longest such streak…Read More

Category: Data Analysis, Fixed Income/Interest Rates, Markets, Trading