TYBS News and Press, Direxion Daily 20+ Year Treasury Bear 1X Shares Direxion Shares ETF Trust From 09/09/20

By Erin Bigley Transcript: With interest rates having fallen to historically low levels this year, investors are understandably questioning what to do with the duration in their portfolio. Duration is a measure of the interest-rate sensitivity of a bond portfolio: how much bond pr...

Following my last post on debt , I've thought a bit more, and received some very useful emails from colleagues. A central clarifying thought emerges. The main worry I have about US debt is the possibility of a debt crisis. I outlined that in my last post, and (thanks again to corresponden...

Originally published September 6, 2020 Many of the weak dollar trends I noted in June's update have moderated - even as the dollar has weakened further. US stocks surged over the last month, with growth indices leaving their value counterparts in the dust… again. About the only exce...

Simon Wren-Lewis discussed a recent debate about the fiscal policy of the U.K. Labour Party, in " Will taxes have to rise? " I am not interested in the internal debates of the U.K. Labour Party, so I am largely agnostic about the underlying issues being debated. I just want to react to some st...

The Federal Reserve's adoption of an average inflation target pushed on a door in the foreign exchange market that was already open. The dollar had been trending lower since the end of March and, as of the end of August, was down against all the major currencies this year, save the New Zeala...

Wait, wait, wait. Hold up. The Federal Reserve just concluded its near two-year long Grand Strategy Review . The purpose, in its most basic component, was to figure out why inflation hadn't shown up in the manner everyone at the Federal Reserve spent years promising even though the unemploy...

Has the bond market run out of road as portfolio-diversification tool? No one knows for sure, but for some analysts, the writing's on the wall, and markets are facing regime shift. The key catalyst: the long-running decline in current yield, which has gone negative in some countries and may so...

By Philipp Bagus The US Federal Reserve has adjusted its official inflation target to be even more flexible and inflationary. The Fed has always been more inflationary than the Bundesbank and its successor, the European Central Bank, at least on paper. The primary objective of the ECB ...

In a major policy shift, the U.S. Federal Reserve is moving away from a targeted inflation rate of 2% to a policy of "average inflation targeting." Kim Parlee speaks with Scott Colbourne, Managing Director, Global Active Fixed Income, TD Asset Management, about what this means for markets...

Yawn. Another year, another example of monetary offset. As it became clear in late July that Congress was unlikely to extend the stimulus, Keynesian pundits went into full freakout mode, warning that the recovery would be aborted. Perhaps it will be aborted - I can't predict the path of the ...