interest rates

China is grappling with rising inflation. This column argues that the Chinese government, instead of focusing on micro-managing the economy, should grant its central bank room for further reform of its monetary policy. To make more…

You have to watch this video to believe it. The speculation in the commodities market is well out of hand. Cotton futures are at a record high on speculation that demand in China will continue to increase, as China is the world’s largest…

I was on the BBC this morning talking about the Obama FY 2012 budget proposal. Here's what I said and what I think about the proposal so far (If I get the video, I will post). This post will be more about the political tactics and…

By Claus Vistesen One of the main investment and trading themes crystallised during Q4-10 was the move out of emerging markets and into developed markets. As with all themes, it started as a contrarian misfit moving against the truck loads…

By Win Thin There is no real news behind the recent underperformance of Portugal bonds, as it appears that markets are simply getting more nervous as the country’s 10-year yields stay above 7% for the fifth straight day today and for 10 of…

Frederick J. Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009) and "The Coming Collapse of the Municipal Bond…

Highlights The US dollar is trading on a softer footing versus the majors and most EMs, consolidating some of yesterday’s gains, with the New Zealand dollar and the euro leading the move higher. The euro is enjoying early strength,…

Jim Grant's contention is that you don't need to be a stargazer to be worried about Munis. You just have to look at the low interest rates.  In his view, bond yields do not compensate buyers for the interest rate risk, let alone other…

Bill Gross is at it again. The bond king who has taken a populist turn is out with another monthly investment commentary that features a negative view of Wall Street (God's work) and Federal Reserve monetary policy. I want to hone in on the…

Piggybacking off of my last post highlighting Nouriel Roubini's talk with Simon Constable, I wanted to present three videos from Roubini's appearance on NBC Europe this morning. In the earlier pre-Davos Wall Street Journal interview,…