10-year Treasury Tag

Bond are Signaling P/E Compression for the Stock Market

15 May, by Knowledge Leaders Team in Uncategorized

Bonds have had a great last few days as yields have fallen by the largest three-day amount since April of 2013. But, this rally in treasury bonds began at the start of the year and the ten-year now yields about 50bps less than it did...

Is the Yen Hinting at a December Taper?

12 Dec, by Knowledge Leaders Team in Uncategorized

We’ve been highlighting how S&P 500 futures and the YEN/USD cross have basically been moving tick for tick recently, so we thought it prudent to point out that the relationship has basically dissolved over the last two days, and in fact has started to reverse....

Stocks, Bonds and Gold all Stumble as Euro Soars

11 Dec, by Knowledge Leaders Team in Uncategorized

In an almost perfect ”taper on” sort of manner, stocks had their worst day since November 7th, the 10-year treasury bond sold off by 4bps, gold finished down $9.00, and the euro rose to the highest level since mid-October, and November 2011 before that....

Taper Trade Back In Play

01 Nov, by Knowledge Leaders Team in Uncategorized

The taper trade appears to be back on this week.  Some of the basic symptoms of this trade are: 1) higher interest rates, 2) higher US dollar, 3) lower gold and 4) weakening stocks.  Charts below showing the last 10 days of activity reveal this...

Mixed signals coming out of the US

31 Oct, by Knowledge Leaders Team in Uncategorized

There doesn’t seem to be a trend in the US economic releases recently. In the past week we have had weaker housing data (Pending Home Sales), an ok production data point (Industrial Production), below consensus employment report (ADP), a weaker regional survey (Dallas Fed), and...