Bonds

February 16, 2018

HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day’s Perf. Index Value Ratchet 0.00 % 0.00 % ...

Top Funds' Activity in Q4 2017

Brandon Kochkodin, Hema Parmar and Katia Porzecanski of Bloomberg report, Hedge Funds Are Dumping Facebook and Google:Billionaire David Tepper’s Appaloosa Management more than tripled its stake in Apple Inc. and almost doubled its holding of Facebook Inc. in the final three months of last year.Ap ...

The yield curve: not flattering but not sinister either

The beginning of the year’s sharp rise in interest rates has finally given a jolt to stocks. Although the rise in interest rates is, in many ways, confirmation of a better economic environment, it has prompted many economists to revisit their forecasts. Over the years, I’ve learned what investo ...

China's Bond Markets - Two Reasons Why the Year of the Dog Might Have Some Bite

The Year of the Dog may not be known for being the most auspicious, but for China’s local, renminbi-denominated bond market it may prove momentous. I see two likely drivers of increased foreign investment as the government continues to lower the barriers to entry. ...

Is The Fed Back To “Quantitative Easing?” - Dave Kranzler (16/02/2018)

February 16, 2018 The Fed added $11 billion to its SOMA account for the week ending yesterday. It purchased $11 billion in mortgage securities directly from banks. This injects $11 billion into the banking system. Cash is “high powered” money, meaning it can be leveraged 10x (banks need to hold ...

Emerging Markets: What Changed

(from my colleague Dr. Win Thin) The National Stock Exchange of India will end all licensing agreements and stop offering live prices overseas. Philippine central bank cut reserve requirements for commercial banks. Egypt cut rates for the first time since 2015. Israeli police recommended that ...

Unconstrained: How Bond Investors Can Embrace Volatility

Untethered to traditional bond benchmarks, unconstrained bond strategies can respond to current changing market conditions in various ways. ...

A Closer Look At The Links For Stocks, Interest Rates, And Inflation

Does history offer a reason to be cautious on the outlook for stocks if inflation and interest rates are rising? Yes, sort of, according to a New York Times article published on Thursday. Hedging just a bit, the Times piece relates that “it’s long been a truism that higher inflation and its clo ...

CWS Market Review – February 16, 2018

“Sometimes the hardest thing to do is to do nothing.” – David Tepper Don’t be fooled, the storm hasn’t passed. Sure, stocks bounced back this week, and that’s nice to see. But mark my words–the bears will be back. The big news this week, outside the stock bounce, was the CPI report. ...

Worst Week for the Dollar since 2015-2016, While Stocks Continue to Recover

Nearly all the major currencies have risen at least two percent against the US dollar this week.  The Canadian dollar is an exception.  It has risen one percent this week ahead of today's local session.  Sterling is becoming another exception after disappointing retail sales.  It is up jus ...