THE CASE FOR GOLD ABOVE $1400 (+15%) BY YEAR-END — SOURCE: 08-08-18 Daily Reckoning – James Rickards – “That Signs Point To A Global Slowdown” – As gold has struggled through 2018, (down over 10% from $1,363/oz. on January 25 to $1,215/oz. today), my forecast for a strong year-end for gold has remained unchanged. This forecast […]
HYG, JNK, TNX, TRIGGER$ August 2018
SHORT INTEREST IN GLOBAL JUNK BOND ETF’S JUST HIT AN ALL TIME HIGH
JP MORGAN CEO JAMIE DIMON WARNS OF 5% TREASURY YIELDS JPMorgan CEO sees potential for 10-year yield to reach 5 % Says c–rrent bull market could run for 2 or 3 more years — SOURCE: 08-06-18 Bloomberg – “Jamie Dimon Warns of 5% Treasury Yields” — Noting content with a previous warning that investors should brace for […]
THE FORGOTTEN “MARK-TO-MARKET” RULE CHANGE IS KEEPING US TREASURES FROM COLLAPSING — SOURCE: 07-22-18 The Epoch Times, Victor Sperandeo – “The Rules of the Bond Game” — There are powerful incentives for private banks to keep buying Treasurys despite rising supply and inflation The seal of the Federal Reserve on a U.S. banknote. The Treasury, […]
JNK, TNX, TRIGGER$ August 2018
BORROWERS TREADING CAREFULLY IN EUROPE’S FRAIL JUNK BOND MARKET — SOURCE: 07-27-18 Bloomberg – “Borrowers Tread Carefully in Europe’s Frail Junk Bond Market” — Lesser known companies with tight pricing won’t fly: BNPP AM Deals that paid well have been successful: Janus Henderson Three high-yield borrowers in the European market are trying to avert meeting […]
JNK, TNX, TRIGGER$ August 2018
BORROWERS TREADING CAREFULLY IN EUROPE’S FRAIL JUNK BOND MARKET — SOURCE: 07-27-18 Bloomberg – “Borrowers Tread Carefully in Europe’s Frail Junk Bond Market” — Lesser known companies with tight pricing won’t fly: BNPP AM Deals that paid well have been successful: Janus Henderson Three high-yield borrowers in the European market are trying to avert meeting […]
GLOBAL BONDS MAY SUFFER FROM EVEN A SMALL BOJ TWEAK — SOURCE: 07-23-18 Bloomberg – “Global Bonds May Suffer From Even a Small BOJ Policy Tweak” — Global bond markets may be next to feel the impact of the biggest surge in Japan’s benchmark 10-year yield in almost two years. The advance in the yields, which […]
SELDOM DOES THIS DEGREE OF BOND SHORTING TURN OUT WELL! — SOURCE: 07-20-18 – “Calm Before The Storm? Treasury ‘Risk’ Hits 45-Year Low As Shorts Hit Record Highs” — Having killed the Japanese bond market, some are wondering if central bank interference has finally slayed the US Treasury market, as its numbness to news suggests […]
TNX, TRIGGER$ August 2018, ZOMBIE
POSSIBLE SUCCESSOR TO JPM’S DIMON WARNS: “ECB BOND BUYING CREATES ZOMBIE CORPORATIONS” — SOURCE: 07-18-18 Bloomberg – “ECB Bond-Buying Creates Zombie Companies, Possible Successor to Dimon Warns” — Mary Callahan Erdoes Photographer: Simon Dawson/Bloomberg The European Central Bank’s bond-buying program has created a “dangerous” environment for investors by masking risks in the market for corporate […]
THE FIVE PILLARS OF DEBT DEFAULT STARTS WITH GLOBAL CORPORATIONS’ FOREIGN DENOMINATED DEBT –SOURCE: 07-16-18 Gold, Goats & Guns, Tom Luongo – “The Five Pillars Of The Looming Debt Default” — Regular readers of Gold Goats ‘n Guns know that I’ve been handicapping a major sovereign debt default to begin here in 2018 or early 2019. But, what […]