FlowBank

1332 days ago

For the 1st time ever, a 10-year Junk Bond trades below 3% yield

The US Junk bond market set a record-low coupon today with a Ball Corp deal. The aluminum packaging company, is selling 10-year notes at a 2.875% yield. As Bloomberg notes, about 40% of high-yield deals sold last week priced at a yield of less than 4%.

#Bonds
Ball Corp 10-year yield below 3%

1333 days ago

Friday market action in one chart: Nasdaq down, US bond yields up

After more than a week of decoupling, bond yields and stock prices converged a little on Friday - source: Bloomberg

#Stocks #Bonds
Bonds and equities re-coupled on Friday

1336 days ago

TLT ETF at all-time high

The iShares 20y+ US Treasuries (TLT) ETF has never closed at this level (source: The Market Ear)

#Bonds

1337 days ago

Turkey in trouble

Turkish lira (purple line) is in crash mode (last 7.095) while Turkey 5-year CDS (yellow line) are moving sharply higher

#Bonds #Forex
Turkey in trouble

1339 days ago

Gold and negative yielding debt

The total amount of negative-yielding debt in the world is breaking out of a very similar downtrend as it did in 2018. With fewer and fewer 'safe' assets offering investors a positive yield, a breakout here could be a massive boost to precious metals - source: The Bear Traps Report

#Bonds #Commodities
Gold and NIRP
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