DTUL News and Press, Barclays Bank PLC ZC SP REDEEM 13/08/2020 USD 50 - Ser A 06740L469 From 03/10/19

In last week's missive , we discussed a critical point concerning the bull run so far. "Despite the underlying economic and fundamental data, the markets have surged back to extremely overbought, extended, and deviated levels. You will note that with the exception of bond prices,...

Two months ago, Fed Chair Jerome Powell set off a market panic. He suggested the FOMC would do what it thinks is right and let asset prices go where they may. They promised at least two if not three more rate hikes in 2019. The stock market fell out of bed. Fast forward to now. The Fed...

The explanation for the sudden halt in global economic growth is found in the coincidence of peak credit combining with trade protectionism. The history of economic downturns points to a rerun of the 1929-32 period, but with fiat currencies substituted for a gold standard. Government finances...

This is the final part of the three-part series on the yield curve. You can read part I and part II by clicking here and here . In part I of this series, I started at the front-end of the yield curve, actually discussing Federal Funds Futures, as well as touched on short-term intere...

By CME Group Originally published February 27, 2019 A Treasury repurchase agreement (“repo”) is a key element of any Treasury cash/futures basis trade. For example, being long a Treasury cash/futures basis position involves a long position in cheapest to deliver...

In part I of this series, we discussed the very short end of the yield curve, actually starting with Fed Funds futures, to understand the expectations in the market today as it pertains to Federal Reserve policy. If you have not read part I, you can do so by clicking here . After analyz...

By Collin Martin Fixed-rate bonds are beginning to look more attractive than investments with floating coupon rates. Floating-rate bonds have coupon rates that are tied to short-term benchmarks, often with a strong relationship to the Federal Funds rate, the overnight rate that the Feder...

Rise of the Zombies - Precious Metals Supply and Demand Last week, the prices of gold and silver fell $35 and ¢70, respectively. But what does that mean (other than woe unto anyone who owned silver futures with leverage)? The S&P 500 index and the euro was up a bit, though the yua...

Even with Kim pulling off a switcheroo on President Trump in Hanoi last week, the stock market had very little negative reaction. A failed nuclear summit that had a lot of potential to ratchet down tensions on the Korean peninsula is disappointing, but the stock market took it like a champ. ...

Over the last decade, how many times did you see various analysts and traders call for the end to the bond market? For many years, many were calling for the end to the bond market almost weekly. And, as we know, until 2016, they were continually wrong. However, on June 27 th 2016, I wrote...