Posts filed under “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

Bill Gross Defends His Record

Last year was a time of change and controversy for Bill Gross: His unplanned exit from Pacific Investment Management Co. in September, a whisper campaign before the palace coup, a new job at Janus Capital. Amid all this, Gross is most upset about one thing: Despite 40 years at the top of the fixed-income world,…Read More

Category: Fixed Income/Interest Rates, Investing, Mutual Funds

Who Owns Treasuries?

From Deutsche Bank: The ownership structure of US Treasuries is fascinating: 50% is held by foreigners and 20% is held by the Fed. Domestic accounts hold only 30% of Treasuries, down from 75% in the early 1990s, see chart below. Also, attached please find our 105 page update on Who is buying Treasuries, Mortgages, Credit,…Read More

Category: Fixed Income/Interest Rates, Markets

Wall Street Economists = Consistently Wrong on 10-year Rate

Torsten Sløk of Deutsche Bank Securities calls out Wall Street’s bad forecasts on the 10 year bonds:   As we leave 2014 behind, professional forecasters are once again predicting that long rates will go up next year. As the chart below shows, this has been a pattern for the past decade. The latest Fed Survey…Read More

Category: Fixed Income/Interest Rates, Really, really bad calls

The U.S. Economy Upshifts

  “Read narrowly, the results show that some survey data suggesting weak post-Thanksgiving Black Friday sales was misleading at best.” — New York Times   No, this isn’t going to be a victory lap about the National Retail Federation and its always-wrong forecasts about holiday retail sales (that annual chest-pounding comes in January). Rather, this…Read More

Category: Economy, Federal Reserve, Fixed Income/Interest Rates, Investing

The Fed Spectrometer

  Federal Reserve Hawks vs Doves   click for ginormous infographic Source: Bloomberg Briefs   Text only version is here  

Category: Federal Reserve, Fixed Income/Interest Rates

Better Than All Weather Portfolio . . .

>   My Sunday Washington Post Business Section column is out. This morning, we take yet another at Tony Robbin’s All Weather Portfolio. The print version had the headline Why the all-weather portfolio is a wash-out while online, it was Better Than All Weather Portfolio. Rather than merely criticize Robbin’s 55% bond, 15% commodity portfolio, I…Read More

Category: Apprenticed Investor, Asset Allocation, Fixed Income/Interest Rates, Investing, Really, really bad calls