Bonds

Bonds

  • Bonds

    Bond Market Summary

    December 01, 1988 BY Steve Leuthold

    Forget about the economy, forget about the uptick in the CPI, and forget about the bulge in bond supply. U.S. interest rates rose in November because the dollar went down.

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  • Bonds

    Bond Market Summary

    November 01, 1988 BY Steve Leuthold

    Wall Street's financial mechanics created chaos in the high grade corporate bond market last month. With exceptions, the LBO frenzy has destroyed, at least for the time being, the usefulness of bond quality ratings. The damage done to many bond portfolios was massive.

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  • Bonds

    Bond Market Summary

    October 01, 1988 BY Steve Leuthold

    The Gods of the bond market were kind in September, with the bond market performing exactly as we thought it would.

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  • Bonds

    Bond Market Summary

    September 01, 1988 BY Steve Leuthold

    For the month, the net loss for long T-bonds amounted to a half a point or less. All things considered, I thought it was an impressive performance, even though it took place in the dog days of August.

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  • Bonds

    Bond Market Summary

    August 01, 1988 BY Steve Leuthold

    T-bonds went into a seven trading day swoon in early July. Then for the rest of the month they backed and filled. Outside the Treasury market, damage was considerably less in July.

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  • Bonds

    Today’s Inflation Fears: Full of Beans?

    July 01, 1988 BY Steve Leuthold

    Today, led by soybeans and other grains, the U.S. is getting a dose of Isolated Factor Inflation. The Fed can’t do anything to alleviate this, but Mother Nature can. Good hard rains in the farm belt could take the sizzle out of this brand of inflation.

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  • Bonds

    Bond Market Summary

    July 01, 1988 BY Steve Leuthold

    A month ago, institutional bond buyers were skittish, nibbling a little, but mostly sitting on their hands waiting for lower prices. As it turned out, the bond market didn’t need rain, nor did it need easier money and lower short-term rates.

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  • Bonds

    The Price of High Risk Debt

    May 01, 1988 BY Steve Leuthold

    Have we entered an age of interest rate discontinuity, where past interest rate history has no meaning? Are the current high rates merely a long-lasting hangover from the high inflation of the late 1970’s and early 1980’s? Is it a matter of there being too much of a demand for dollars and not enough supply? NO!

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  • Bonds

    Bond Market Summary

    May 01, 1988 BY Steve Leuthold

    The first week of April brought a lethargic rally in T-bonds, but prices faded fast around mid-month, stabilized for a week and then sold off again at month end.

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  • Bonds

    Bond Market Summary

    April 01, 1988 BY Steve Leuthold

    T-bonds slide 4-5 points in March, with corporates holding up better. Bonds look good, but T-bonds are expected to suffer from renewed inflation fears, dollar weakness, deficit concerns and maybe big foreign selling.

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