bonds

David Rosenberg has a piece out that is relatively upbeat given the carnage in stock markets yesterday and his well-known bearish views.  He notes the positive to the recent market declines; they have taken the froth out of a few…

Subscribe to Our News Feed If you would like to receive our links in real-time please follow me (Edward Harrison) at @edwardnh. We also have a Facebook fan page now. Must read Spain raises €3.52bn with 10-year bonds - Independent.ie…

On China via Andy Lees of UBS: The yields on two sets of bills moved in opposite directions. The PBOC issued 3 month bills at a yield 4bpts higher than the prevailing rate, whilst 3 year bill yields fell 2bpts. “The divergence underscores…

Highlights We are seeing some respite for the euro but the underlying bearish forces have not gone away and this latest bounce is a good selling opportunity. The single currency rallied to a high $1.2437 in early European session (nearly…

Below is an excerpt of a Barron's interview with Bridgewater Associates' Ray Dalio which I first highlighted in February 2009 in A conversation with Bridgewater Associates’ Ray Dalio. Back then I highlighted the first part which…

Highlights The euro has recovered from yday’s low, but the risk remains strongly tilted to the downside and so this is a good selling opportunity (see below). The EU Fin. ministers have disbursed the first tranche of loans to Greece…

Long-term interest rates are really a series of short-term rates smashed together. The real reason that the Federal Reserve would lose control over short-term interest rates is because the economy was operating at full capacity and creating…

You saw my Stat of the Day: California now in top ten for highest government default probabilities in the world. Here's a look at those CDS spreads for California over time - Michigan and Illinois are in the mix here too.

Highlights A calmer market environment has returned and the US dollar is mixed. Talks of renewed problem in Dubai may help dollar bulls in the US session though. Attention has (for now anyway) moved away from the euro debt crisis onto the…

With the liquidity crisis surrounding the rollover of Greek debt subsiding, the probability of default for that country has plummeted from nearly even odds to just over one in three. Last Week's Numbers: 06 May 2010 Meanwhile, other…