TLT is headed for new multi-year lows and still yields only 4.21% with no capital protection versus a 20-year bond now near 5%. We could be headed for a repeat of 2022 for intermediate- and long-duration bond funds as trillions of debt face refinancing and yields making new multi-year highs.
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
Safe haven concerns mount as US Treasuries face twin recession and inflation risks - Reuters poll
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
'Who's Going To Buy $2 Trillion Worth Of Paper?' Macro Expert Calls Wall Street Rally A 'Headline Sugar Rush' As Treasury Yield Spike Signals Bigger Trouble
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
MIT joins colleges tapping bond markets amid federal funding threats. Something is going on here. Why are so many elite universities so cash poor and issuing bonds to fund operations when they have tens of billions in endowments? Their investments in illiquid private credit are starting to bite.
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
Treasury yields initially declined after the release of the CPI report, but the intermediate and long ends have reversed. The markets are looking ahead to future inflation, the trillions of dollars in notes that have to be refinanced, and the increase in the debt ceiling.
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
US cuts tariffs on small parcels from Chinese firms like Shein and Temu to 54%. The flat fee per parcel will remain at $100. This effectively will kill many vendors on eBay and Amazon that sell directly to consumers.
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
House GOP unveils plan to raise debt limit by $4 trillion but Senate wants $5 trillion. At an average coupon of $3.4% interest expense will be $1.3 trillion in FY 2025.
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
China: U.S. should 'completely correct its unilateral tariff practices' - The view from China. Are they taking a victory lap?
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
Markets price out summer rate cuts - Down to two cuts now
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
Yields closed higher today into the market close. Yields on the 10-year note and 20- and 30-year bonds closed strong into the close following the release of the report on the budget deficit. The market is now discounting only two rate cuts this year, which is down from four a month ago.
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
Tariff receipts topped $16 billion in April, a record that helped cut the budget deficit - The fiscal year-to-date deficit fell to $1.05 trillion, which is still 13% higher than a year ago.
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
Xi defiance pays off as Trump meets most Chinese trade demands -> The tariffs that remain will be inflationary and yields will climb higher after the debt ceiling is raised.
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
Ecommerce packages left out of U.S.-China tariff reprieve -> It's hard to understand the market euphoria when the $800 tariff exemption is gone. Consumers will be paying 30% more for goods that they order from sellers outside the country from sites like Amazon and eBay.
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
Treasury yields rise sharply after massive reductions in tariffs on China and 90 day pause in the trade war.
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
Here’s how an obscure bet on bonds almost crashed the $29 trillion Treasury market, Fed official says
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
U.S. could face default by August if Congress doesn't address debt ceiling, Bessent says
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
Policy uncertainty fuels rise in U.S. government debt hedging
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
Bloomberg Real Yield 05/09/2025
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
Gundlach on Fed Uncertainty
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
The uptrend in the 30 year bond yield remains intact. It looks like we will breach 5% soon and follow the UK 30 year GILT to well above 5% (currently at 5.34%).
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
The 10 year note yield is surging following weak demand for the 30 year bond.
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
US treasury auctions of $25B of 30 year bonds at a high yield at 4.819%. AUCTION GRADE: D+ Domestic demand is higher. International buying is lower. Bid to cover is below average and the Tail is positive and above the -0.3 bps average.
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
Yields are up following the announcement of a "trade deal" with the UK. The 10% tariff cited in the deal will still be inflationary. There is actually a trade surplus with the UK.
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
Morningstar: For Diversification From Stocks, Cash Has Made a Good Case for Itself "That suggests that investors augment their bond holdings with cash investments to cover near-term expenditures, or else construct a portfolio of individual bonds designed to mature in time to meet spending needs."
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
Fed holds rates steady as it notes rising uncertainty and stagflation risk
This is the continuation of the "Golden Period" thread started on 6/18/22 on ER.org. We are all here to earn income and preserve capital. We are entering a generational change in fixed-income investing where you can actually earn real income while minimizing risk. The discussions will focus on fixed-income products such as Treasury bills, notes, and bonds; certificates of deposit; agency notes and bonds; corporate notes and bonds; and finally, preferred stocks.
