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 […]
HYG, JNK, TNX, TRIGGER$ July 2018
HY ETF SHORTS HIT ALL TIME HIGH – IS A JUNK BOND CRASH IMMINENT? — SOURCE: 07-15-18 “Junk Bond Crash Imminent? HY ETF Shorts Hit All Time High” — It has been a tough year for junk bond funds, if not for junk bond spreads, which as we noted recently have shown impressive resilience and have solidly […]
TNX, TRIGGER$ July 2018, ZOMBIE
RESTRUCTURING LEGEND WARNS OF CORPORATE DEBT BEING THE CATALYST FOR THE NEXT FINANCIAL “PERFECT STORM” — SOURCE: 07-12-18 ZeroHedge – “”This Is A Very Scary Scenario”: Restructuring Legend Warns Of Coming “Perfect Storm” — Two months-ago, we brought to your several very concerning quotes from some of the nation’s top restructuring bankers, of which the most […]
TNX, TRIGGER$ July 2018, ZOMBIE
RESTRUCTURING LEGEND WARNS OF CORPORATE DEBT BEING THE CATALYST FOR THE NEXT FINANCIAL “PERFECT STORM” — SOURCE: 07-12-18 ZeroHedge – “”This Is A Very Scary Scenario”: Restructuring Legend Warns Of Coming “Perfect Storm” — Two months-ago, we brought to your several very concerning quotes from some of the nation’s top restructuring bankers, of which the most […]