TYBS News and Press, Direxion Daily 20+ Year Treasury Bear 1X Shares Direxion Shares ETF Trust From 07/07/20

By Robert Eisenbeis On June 15, the Federal Reserve published revised terms and conditions for what it calls its Secondary Market Corporate Credit Facility, which is a special-purpose vehicle ((SPV)) created to purchase in the secondary market corporate debt that meets certain eligibility ...

I f you missed Part-1 of our series on the “Theory Of MMT Falls Flat When Faced With Reality,” start there. In Part-2, we complete our analysis of the theory and the potential ramifications. The premise of our discussion was this recent explanation of &#x...

An interview with the gentlemen behind the website "WTF Happened in 1971?" The last remnants of the gold standard were abandoned in August 1971, when President of the United States Richard Nixon decided to close the gold window (foreigners couldn't redeem dollars for gold at the Treasury a...

By Kevin Flanagan, Head of Fixed Income Strategy When following rate trends here in the U.S., it's easy to focus only on domestic factors - you know, the Federal Reserve (Fed), the monthly jobs report, etc. However, there have been some interesting developments overseas that have been larg...

By Paul W. Varunok, Portfolio Manager, Mortgage-backed Securities, Franklin Templeton Fixed Income The COVID-19 pandemic has impacted all corners of the market, including mortgage-backed securities. Franklin Templeton Fixed Income's Paul Varunok takes a closer look at the space, and why he...

Rising economic and political uncertainty has boosted everyone's favorite precious metal in 2020. An ounce of gold was priced at just over $1,781 on Thursday (June 29), the highest since 2012, based on the continuous contract reported by StockCharts.com. Year to date, gold is up 17% vs. a 5....

Editor's note: Originally published at tsi-blog.com on June 30, 2020. [This blog post is a modified excerpt from a recent TSI commentary] Financial market discussions and analyses often focus on fundamental issues that don't matter, or at least don't provide useful clues regarding ...

If you haven't heard of Modern Monetary Theory, or " MMT, " you will soon. If you recently lost your job due to the economic shutdown, and received a stimulus check, you are already a beneficiary. As we will discuss in Part-1 of this two-part series, MMT falls flat when faced with reality. W...

The creators of Medicare, Social Security, and other long-term spending programs had a handle on demographics - or at least on the political realities of the time - so they structured those programs to initially take in more money than they needed in order to build up "trust funds" to cover th...

I have said it often enough. We are in a "Borrower's Paradise" and a "Fixed-Income Investor's Hell." For people and institutions that need yield and a cash-flow you can just about "Forget about it." With the 10 year Treasury closing at 0.64% on Friday, we find the Bloomberg Treasury Index, wit...