<Click on chart for larger image> MoneyBeat (WSJ Blog) – Tantrum Fears Linger as Global Bond Yields Touch Fresh Record Lows Bond yields around the world are now reaching fresh record lows, breaking below the levels seen in early 2015. At Tuesday’s close, Bank of America Merrill Lynch’s global broad market index yielded 1.31%, the… Continue reading Low Global Yields
<Click on graphic for larger image> Bloomberg.com – Japan Is Fast Approaching the Quantitative Limits of Quantitative Easing The Bank of Japan is running out of government bonds to buy. The central bank’s would-be counterparties have become increasingly unwilling to sell the debt that monetary policymakers have pledged to buy, and the most recently issued… Continue reading Negative Rates In Japan
The Wall Street Journal – More Than 40% of Student Borrowers Aren’t Making Payments New figure raises worries that millions of them may never repay more than $200 billion owed More than 40% of Americans who borrowed from the government’s main student-loan program aren’t making payments or are behind on more than $200 billion owed,… Continue reading Students Not Paying
<Click on chart for larger image> Bloomberg.com – Gas Drillers Go Rigless as Price Collapse Heralds Austerity Era Natural gas producers are finally realizing that the age-old adage is true: If you find yourself in a hole, stop digging. Explorers have idled drilling equipment at historic rates — a drop in prices has resulted in… Continue reading Natural Gas Rig Counts
Bloomberg.com – How Bad Is China’s Debt Problem, Really? For months now, China’s regulators have been warning about the dangers of rapidly expanding credit and the need to deleverage. With new plans to clean up bad loans at the country’s banks, you might conclude that the government is getting serious about the risks it faces.… Continue reading Chinese Debt
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Comment On Thursday, April 7, 2016 at 9 AM CT (10:00 AM ET, 7:00 AM PT, and 15:00 BST), Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webcast/teleconference moderated by Jim Bianco. Join us Thursday as we discuss what is next for the markets, central banks, the economy and the… Continue reading What’s Next For The Markets?
<Click on image to view video> Comment Jim Bianco was on Bloomberg TV yesterday discussing negative interest rates. To view the image, click on the image above. To view any of our recent interviews, click here. The Financial Times – Scott Minerd: The global liquidity trap turns more treacherous The adoption of negative interest rates… Continue reading Discussing Negative Rates
<Click on graphic for larger image> Federal Reserve Bank Of Atlanta – Latest forecast: 0.4 percent — April 5, 2016 The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2016 is 0.4 percent on April 5, down from 0.7 percent on April 1. After yesterday morning’s light… Continue reading GDPNow Falls Again
<Click on graphic for larger image> The Financial Times – Oil and high-yield bonds: a love story Risky corporate debt is on the ropes, again. Blame oil, says Goldman Sachs. “Oil remains the biggest driver of risk premia in high yield,” says Bridget Bartlett from the US investment bank. “HY spreads and oil prices have… Continue reading Crude Oil And The High Yield Market
<Click on graphic for larger image> <Click on graphic for larger image> The Wall Street Journal – Americans’ Hiring Rose in February to the Highest Since Before the Recession More Americans were hired to start a new job in February than in any month since before the recession that began in 2007—about 5.4 million people.… Continue reading Hiring Back To Pre-Recession Levels
<Click on graphic for larger image> Zero Hedge – ‘Everything Is Being Sold’ – Smart Money Selling Soars, Now In 10th Straight Week “Still No Confidence In The Rally” – that’s the title of the latest weekly BofA report looking at the buying and selling by its smart money clients (institutional clients, private clients and… Continue reading “Smart Money” Continues To Sell