DTUL News and Press, Barclays Bank PLC ZC SP REDEEM 13/08/2020 USD 50 - Ser A 06740L469 From 05/29/19

If, ten years ago, I had told you that there were going to be negative yielding bonds you would have thought, "Poor Mark, he has lost his mind." Well, ten years ago I did not say it, and now we are all faced with a $10.475 trillion reality of bonds with negative yields. This has all been cause...

"Life is not always like chess. Just because you have the king surrounded, don't think he is not capable of hurting you." - Ron Livingston Looking at the results in the European elections promising more turmoil ahead between Italy and the European Commission, on top of the continuation of ...

By Robert Eisenbeis, Ph.D. In advance of the release of the FOMC's May minutes, speculation in the press and by financial market participants was that the Committee might cut the Federal Funds target rate. The main line of conjecture centered on how long the FOMC could continue to miss its...

By Jeffrey Kleintop Over the past 30 years, stock markets around the world have rallied after the Federal Reserve (Fed) hiked interest rates for the last time in the economic cycle. The rallies have varied in length and strength, but eventually break down as the late cycle environment enco...

Macro News European Elections: For the first time since the inception of the European Parliament, the two centre parties - the European People Party ((EPP)) and Socialists and Democrats (S&D) - have lost their combined majority on the back of a strengthening nationalist, liberal and gr...

As many long-term followers of my economic research are well aware, I have been a bull on Treasury bonds since 2017, citing slower economic growth and weaker inflation. Interest Rates Will Always Follow Nominal GDP Growth Trends: Source: BEA, FRED, BLS, EPB Macro Research I started...

The U.S. economy now appears to be heading into Quad 4 market scare. In our model, Quad 4 is an environment of U.S growth slowing, inflation slowing . That spells trouble ahead for the market. And so the question becomes, how will the Federal Reserve react? And how fast? In this ...

Bond yields have started to break down, and if today's chart is anything to go by, it's entirely possible we see a further push lower in yields. The May round of flash PMIs brought mostly disappointment, with all the majors undershooting expectations, and falling on the month. Europe fell a ...

There are trillions of dollars of bonds in the world with negative yields - a fact which future historians will find baffling. Until now those negative yields have been limited to the safest types of bonds issued by governments and major corporations. But this week a new category of negative...

Hate spreads faster than love and fear sells, which helps explain why April's "nascent reflation" narrative is seemingly dead and buried. Thanks in no small part to trade concerns, this week saw the return of the late-March "growth scare" story, as told by bonds, whose "voice" is always pret...