TUZ News and Press, PIMCO 1-3 Year U.S. Treasury Index Exchange-Traded Fund From 02/26/20

Yes, I know that that is CPI inflation, and the PCE inflation rate (1.74%) has undershot the Fed's 2.0% over the past 4 years. That's not my point. Rather, I'd like to revisit some criticism I got in the comment section over the past 4 years, when I began to argue that TIPS spreads seemed sl...

With the soft landing in hand and a presidential election coming, most expected the U.S. central bank to sit on its hands in 2020. What's certain to be a very sizable slowdown in China, and the global repercussions from that, have traders recalibrating that bet. More news on: iShares 1-3 Y...

Investment thesis: The Treasury market is still consolidating gains just shy of recent peaks, indicating there is still a decent safety bid in the market. With the coronavirus still a major risk, this won't change anytime soon. The rest of the fixed income complex continues to catch a bid as...

One of the pieces of pseudo-science that floats around in popular discussion of bonds is the belief that bond investors are deadly afraid of inflation. In particular, bonds "lose money" every time the Consumer Price Index rises - which is most months, in most developed countries. As far as I c...

By Kevin Flanagan The coronavirus fears continue to impact the fixed income markets. Here's our latest update. Looking at the U.S. Treasury ((UST)) market's reaction to the coronavirus news, there was one by-product we knew would capture the lion's share of the headlines: THE YIELD CURVE...

Long-dated paper may go on sale soon. So, what's going on with interest rates? Well, that depends on what interest rates you care about. Since the top of the year, short rates have snugged up a bit, but at the long end of the yield curve, rates have dropped precipitously. When you were nur...

Looking at a select set of recent economic releases suggests the US economy is humming along, providing room for the Federal Reserve to let current monetary policy glide forward on autopilot. But a closer look at key trends in the Treasury market and the monetary base - along with the economic...

By Jeff Weniger, CFA Here's your 2.03%. Take it or leave it. That's probably what the Bloomberg Barclays U.S. Aggregate Bond Index would say if it could talk. We think the classic "60/40" asset allocation-60% equities, 40% bonds-has a problem. Aggregate bonds returned 5% annually in ...

The Fed must now accept responsibility for what happens in the end-game of the Moral-Hazard Monster Bubble it created. Contrary to popular opinion, the Federal Reserve didn't set out to create a Monster Bubble that has escaped its control. Also contrary to popular opinion, the Fed will b...

The Fed's interventions in the repo market are attracting considerable comment. A lot of people seem to think the Fed has embarked on another QE program without Congressional approval. And the usual suspects are complaining that the Fed is pumping up stock prices and debasing the dollar. Stock...