TYBS News and Press, Direxion Daily 20+ Year Treasury Bear 1X Shares Direxion Shares ETF Trust From 12/10/19

By Tracy Chen, CFA, CAIA In part one , we provided an in-depth analysis of CLO tranches, including the factors driving their spreads. While each tranche has been influenced by varying forces, we noted the fundamentals for the overall market have deteriorated, particularly relative to high...

There can be a number of reasons for an investor wanting to have an allocation to gold. One reason for owning gold is it tends to serve as a safe haven asset and performs well in an environment where economic activity is slowing. On the other hand, investors might look to copper as an investme...

Our return from Thanksgiving break was certainly an interesting one. Right off the bat, we saw an almost 850-point drop in the Dow Jones from Black Friday until Tuesday as President Trump was quoted as saying that he saw the chances of a trade deal lessening. Markets were bailed out by a 4am a...

By Thorsten Polleit The Austrian business cycle theory offers a sound explanation of what happens with the economy if and when the central banks, in close cooperation with commercial banks, create new money balances through credit expansion. Said credit expansion causes the market intere...

Although there are various attempts to downplay rate expectations as an explanation for bond yields, the reality is that they dominate any other attempt to generate a fair value estimate by using "fundamental data." (Since we cannot hope to explain every last wiggle of bond yields without havi...

By Pater Tenebrarum Credit Market Bifurcation By all accounts, credit markets remain on fire. 2019 is already a record year for corporate bond issuance, beating the previous record set in 2017 by a sizable margin. Demand for the debt of governments and government-related issuers remains ...

How was your Thanksgiving? Hopefully, you enjoyed some good food and drink with friends and family. Perhaps, the bigger question: How's your Black Friday going? Me? I steer well clear of retail establishments and malls on this particular Friday each year. But if you're going to be out ...

By Kevin Flanagan Should U.S. Treasury ((UST)) yields be this low, given the current investment landscape? It sure is an interesting question, don't you think? That being said, whether or not you feel the UST 10-Year yield should be trading at its current level of around 1.70%, the old ada...

Editor's note: Originally published at tsi-blog.com on December 2, 2019. [This blog post is a modified excerpt from a TSI commentary.] In one important respect, the average central banker is like the average politician. They both tend to focus on the direct and/or short-term effects ...

U.S. President Donald Trump has been pushing the Federal Reserve (Fed) to consider cutting policy rates below zero in an effort to stimulate growth and weaken the dollar. But his stance is a lonely one, as negative policy rates have largely gone out of style. Global central banks are reconside...