Many times, I have commented about the velocity of change. Newswires are suggesting “one of the greatest hidden fortunes amounting anywhere from $5 to $15 billion” was ...

31 March, 2021

Equites closed at their lows with the NASDAQ shedding about 2.0% and the Dow unchanged. Treasury prices were insignificantly higher in price. Some, including myself, believe a reason for the mixed market was ...

25 March, 2021

The end of the first quarter is quickly approaching. Many, myself included, have expressed concerns about potential quarter and month end rebalancing. Long dated US Treasuries are...

24 March, 2021

“I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a .400 baseball hitter. But know I would like to come back as the ...

23 March, 2021

Equites were mixed Friday as long dated Treasuries stabilized. Quadruple witching hour was a none event, perhaps the result that many positions were already unwound. The prevailing and driving narrative has ...

22 March, 2021

No change in monetary policy is expected from today’s Fed meeting. The question at hand is how the Fed will address rising inflationary expectations. Market derived expectations have...

17 March, 2021

Will this week be one of significance? There is a Fed meeting Wednesday and equity derivative expiry on Friday. While the events might be completely separate, in a sense they...

16 March, 2021

The bond market is fearing the Fed may be falling behind the proverbial inflationary curve and it is getting ugly in the bond market. Bank America writes the selloff in the 30-year Treasury is ...

15 March, 2021