U.S. Treasury yields have been rising recently on varied concerns. One such worry is that China...
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The Big Short Part 2 Isn’t So Big
This commentary did not get emailed out yesterday, please accept our apologies. The data has been...
No Credit Crunch For Corporate Bonds
Monday’s Daily Commentary highlighted four factors that could lead to a credit crunch in the...
Mortgage Credit Crunch In The Pipeline
Jaret Seiberg of Cowen & Co. wrote an interesting report pointing to the potential of a credit...
The CPI Inflation Number Is Better Than Feared
Year-over-year CPI increased to 3.2% in July from 3.0% in June, ending the streak of 12 consecutive...
Is Volatility Awakening?
The VIX volatility index calculates how much the options markets imply the S&P 500 will move...
Treasury Auctions On Deck
The U.S. Treasury will auction $38 billion of a ten-year note today and $23 billion of a...
Mortgage Rates And Spreads Soar
It’s no secret that mortgage rates have risen sharply. They now stand above those seen on the...
The Employment Report Shows Normalizing Job Growth
The BLS employment report showed that job growth has finally normalized to pre-pandemic levels. Per...
TINA Is Back But For The Bond Bulls
Equity investors used the acronym TINA to justify buying stocks at excessive valuations. TINA...