Bond(IEF) Update

Bond(IEF) Update

The IEF Index(iShares Barclays 7-10 Year Bond ETF) is dipping below last week’s low this morning.  Last week the IEF posted its best daily close of 2019.  The $107.00 area, which has now capped the March and May highs, is looking rather ominous.  In the near...
Not a Bad Week

Not a Bad Week

S&P 500 Index: All-Time High Dow Jones Industrial Average: All-Time High Nasdaq 100 Index: All-Time High Total US Bond Market Index: All-Time High (note: total return – includes interest/dividends) Don’t tell...
Tale Of The 10-Year

Tale Of The 10-Year

The above chart, or similar version, made the rounds a year ago.  The yield on the 10-Year Treasury closed above a very, very long term trendline as Q1 came to an end.  The consensus view that followed was that the ‘bear channel’ that had held rates in a...
The Inversion

The Inversion

There was a huge move in interest rates this week, especially in the long end.  The 1-Year Treasury is now yielding more than the 10-Year.  The last time this happened was in late 2005.  Before that Sept. 1998, and January 1989.  What happened next?   1) Dec ’05...