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January 29, 2001
The Convexity Trade – Why You Should Care Thanks to Fannie Mae and Freddie Mac, the “convexity trade” is becoming a dominate force in the bond market.
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Sample Our Reports, Presentations, & Market Insights
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December 20, 2000
Is the NASDAQ in 2000 following the Nikkei 1990 path? The recent actions of the NASDAQ and U.S. Treasury yields in the U.S., and their similarity to the Nikkei and JGB yields in Japan during 1989-1990.
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November 7, 2000
“Economics” versus “Events” in the Bond Market Part 2: Events – When Does The “Reverse Wealth Effect” Kick In? The bond market’s big “hope” has been that a “reverse wealth...
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November 1, 2000
Grant’s Conference Presentation Package (373K) Presentation package used in New York on November 1, 2000.
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October 31, 2000
bianco@ leuthold How The Election Really Affects Your Portfolio A look at how the election and the Government affects the stock and bond markets.
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October 26, 2000
“Economics” versus “Events” in the Bond Market Part 1: Economics A look at the trend of the economy and how we believe it relates to interest rates.
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October 19, 2000
Does the “October Bottom” Theory Work? What happens to the major stock market averages after a 10% September/October decline?
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September 19, 2000
Emerging Markets Debt versus U.S. Domestic High Yield Debt: What is the Bigger Risk? For the first time ever the yield of U.S. domestic high yield debt is higher than the yield of emerging market debt. Why?
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June 5, 2000
The Society of Asset Allocators and Fund Timers, Inc. (SAAFTI) (435K) Presentation package used in Chicago, Illinois on June 5, 2000.
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June 1, 2000
The Trade No One Recommended? Part 2 – Why Has Spread Product Performed Poorly? Understanding what is driving swap spreads is critical in gauging the health of the fixed-income markets.
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May 18, 2000
The Trade No One Recommended Part 1 – How Bad Has Spread Product Performance Been? The Treasury Master has outperformed all other major fixed-income Merrill Master Indices year-to-date; over the last 1 year; and over the last 3 years.
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April 13, 2000
Our Take on the Bond Market in 2000 Part 3: How is Reduced Supply Affecting the Bond Market? For all the talk of Treasury buybacks and budget surpluses, nominal GDP is much more important in setting the “fair value” of interest rates than...