<Click on chart for larger image> Reuters – Bond bears growl again as U.S. yields surge The U.S. bond market has repeatedly resisted threats to its three-decade rally, but a recent big selloff may be an early sign that the bull market in Treasuries is truly coming to a end. The biggest weekly decline in… Continue reading Yields On The Rise
The Financial Times – Greek CDS drama holds lessons for investors Market participants insist lessons need to be learned from the Greek debt restructuring deal and bond exchange, or these insurance-like instruments, untested in a sovereign restructuring before Greece and which are used as a protection against losses on bonds, could lose their appeal. An… Continue reading What Has Greece Taught Us About The CDS Market?
The Financial Times – Central banks must address rising oil prices How should policymakers react? Central banks in western economies have generally turned a blind eye to the surges in inflation created by successive waves of energy and commodity price inflation. Initially, this was because we started from a disinflationary position in the wake of… Continue reading Central Banks & Oil Prices
The Telegraph (UK) – Ambrose Evans-Pritchard: Pimco chief Mohamed El-Erian expects ‘second Greece’ in Portugal The giant bond fund Pimco said Europe has not yet tamed its debt crisis and will soon face a “second Greece” in Portugal as the country’s economy spirals downwards Mohamed El-Erian, Pimco’s chief executive, said Portugal will need a second… Continue reading Examining Countries In Europe Not Named Greece
CNBC – CNBC FED SURVEY: CNBC’S STEVE LIESMAN: FED WILL HAVE TO RAISE RATES BEFORE LATE 2014 The Federal Reserve has a growing credibility problem with markets when it comes to monetary policy. In its statement last week, the Fed said economic conditions are “likely to warrant exceptionally low levels for the federal funds rate… Continue reading Market Participants Chime In On Federal Reserve Policy
The Financial Times – Saudi Arabia moves to calm oil market Saudi Arabia is taking steps to cool the overheating global energy market, boosting its exports to the US and re-opening old oilfields to expand production, as the world’s largest oil producer tries to prevent damage to the global economic recovery. The Saudi cabinet on… Continue reading Saudi Oil
Reuters – BHP Billiton sees China iron ore demand flattening Australian iron ore miners, key beneficiaries of China’s modern-day industrial revolution, on Tuesday signaled demand growth was finally slowing in response to Beijing’s moves to cool its economy. BHP Billiton, the world’s biggest miner, said it was seeing signs of “flattening” iron ore demand from… Continue reading Is China’s Economy About To Slow Down?
Street Insider – Apple’s (AAPL) New Dividend Could Cause ‘Feeding Frenzy’ and Push the Stock to $1000 In a February note to clients, JPMorgan’s Mark Moskowitz explained this theory. He said while Apple is the largest stock in the Russell 1000, 40 percent of mutual funds indexed to the Russell 1000 do not have Apple… Continue reading Some Interesting Apple Facts
Bloomberg.com – Buffett Message Is ‘Do as I Say, Not as I Do’ The last few years have been a struggle for investors in Berkshire Hathaway Inc. (BRK/B) Since the March 2009 market low, the Standard & Poor’s 500 Index has risen 80 percent compared with 44 percent for Berkshire, even though crashing stock prices… Continue reading Warren Buffett
Business Insider – GOLDMAN: 3 Reasons Why QE3 Is Still Coming 1. The improvement might not last. With real GDP growth tracking just 2% in the first quarter and signs that at least some of the recent strength is probably due to the unusual warm weather and perhaps some seasonal adjustment distortions, question marks still… Continue reading What’s Next On The QE Front?
<Click on chart for larger image> CNBC – Why Bull Market in Bonds May Be Nearing an End Say goodbye to the longest bull market for bonds in history. The market is at a turning point, say portfolio managers—some of whom are running the nation’s largest bond funds. The reason: growing worries about inflation .… Continue reading The Bond Bubble Is Ready To Burst