Posts filed under “Fixed Income/Interest Rates”

Low Interest Rates and Financial Stability

Category: Fixed Income/Interest Rates, Think Tank

Interest Rates Aren’t Going Anywhere . . .

Source: BAML, Fiscal Times     I have been fairly agnostic on several issues related to where interest rates are heading. It has never been my job to forecast where the 10-year yield will be in six months. Not predicting and not caring are two very different things, however. Rates matter a great deal — to investors, to the economy…Read More

Category: Credit, Federal Reserve, Fixed Income/Interest Rates, Psychology, Really, really bad calls, Taxes and Policy

3-D View of the Yield Curve

Fabulous graphic from the NYT:   Source: The Upshot

Category: Cycles, Digital Media, Fixed Income/Interest Rates

The Great Global Sovereign Bond Shortage

Expectations of economists and pundits notwithstanding, interest rates are falling around the world. Despite the end of quantitative easing in the U.S., and the possibility that the Federal Reserve will raise rates later this year, the long-feared economy-killing yield spike has yet to appear. During the past few months, I have been discussing this with…Read More

Category: Credit, Fixed Income/Interest Rates

Bonds, DST, Howard Stern & Other Randomness

Between a Tweet and a full column is a netherworld where ideas often get lost. Rather than let these tweener concepts slip through the cracks, now and again I like to gather them in one place (see, e.g., this) — if only to see if any discernible patterns emerge. Here’s my latest run of random ideas: 1. Is there a shortage of A-rated…Read More

Category: Fixed Income/Interest Rates, Humor, Investing

Interesting analysis from Torsten Sløk of Deutsche Bank:   Source: Torsten Sløk, Ph.D., Deutsche Bank Research

Category: Federal Reserve, Fixed Income/Interest Rates

Bianco: Lack of Inflation to Prevent Fed Rate Move

Click for video.

Source: Bloomberg

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

U.S. Treasuries Off to Best Start Since 1974

“Some day interest rates will go up. Until then the Treasury bears are missing one of the greatest bond rallies in history.” — Jim Bianco, Bianco Research Since 2015 began, everyone has been fixated on the U.S. dollar and oil prices. I want to direct your attention to what may be the greatest show now…Read More

Category: Contrary Indicators, Federal Reserve, Fixed Income/Interest Rates

MiB: Bill Gross

This week, the “Masters in Business” podcast features Part 1 of an interview with famous bond investor Bill Gross, formerly of Pimco, now with Janus Capital.

Gross sat down with me in the Bloomberg studios in New York for an extensive two-hour interview. It was the first time I’ve met Gross, and I found him to be intelligent and forthright, answering all of my questions directly and unambiguously.

We discussed the early days at Pacific Life, the founding of Pimco and his early influences and mentors. He talked about the role of Black Jack in influencing his investing and risk-taking philosophy.

I was especially intrigued by his descriptions of what it was like to manage assets in the 1970s and ’80s. He said that during the 1987 crash, he sat transfixed, “staring at the screen like a deer in the headlights.” He vowed to make sure that during future crises that wouldn’t happen again.

He also said quite a few surprising things — about the Federal Reserve and quantitative easing, about what investors can learn from gamblers and about his creation of Portable Alpha.

You can hear it live on Bloomberg radio, download the podcast here or on Apple iTunes or stream it on Soundcloud (below). All of our prior podcasts are available on iTunes.

Next week, “Masters in Business” will feature Part 2 of the interview.

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Category: Fixed Income/Interest Rates, Podcast

1% on 10-year Note?

1% on 10-year Note? David R. Kotok Cumberland Advisors, January 13, 2015         “What if the Fed doesn’t raise rates at all this year? There’s certainly a good amount of volatility possible with the ECB meeting Jan 22, the Greek election Jan 25, and the FOMC announcement Jan 28.” – Don Rissmiller,…Read More

Category: Federal Reserve, Fixed Income/Interest Rates