Margin Debt Drops Further amid Imploded Highfliers & Broad Stock Market Sell-Off: Not a Good Sign for Stocks by Wolf Richter • Apr 18, 2022 • 136 Comments There are other types of stock market leverage, and no one knows how much leverage there is in total. Margin debt is the only reported indicator.
Amazon Issues Another “Callable” 40-Year Bond: Buyers Beware. Have a Look at the Prior Deals by Wolf Richter • Apr 11, 2022 • 137 Comments What’s good for Amazon is not good for the gander.
As Treasury Yields Spiked, Junk Bonds Did the Opposite: Still Maniacally Chasing Yield in Riskiest La-La Land by Wolf Richter • Apr 10, 2022 • 105 Comments Junk bond yields actually fell over the past month and are historically low.
Mortgage Rates Breach 5%, Two-Year & 10-Year Treasury Yields Spike after Fed Dove Brainard Explains How Inflation is Much Worse for Lower Income Households than CPI Shows by Wolf Richter • Apr 5, 2022 • 336 Comments “It is of paramount importance to get inflation down,” she said to get markets to prepare for what’s coming. And they’re preparing.
Bond Massacre, Inflation Prick Biggest Bond Bubble in History by Wolf Richter • Mar 30, 2022 • 173 Comments The dollar’s role as dominant global reserve currency is at risk if the Fed fails to crack down on inflation (transcript from my podcast).
THE WOLF STREET REPORT: Bond Massacre, Inflation Prick Biggest Bond Bubble in History by Wolf Richter • Mar 27, 2022 • 224 Comments The dollar’s role as dominant global reserve currency is at risk if the Fed fails to crack down on inflation.
The Treasury Bond Massacre and the Spike to 5% Mortgage Rates: This is All Going Very Fast by Wolf Richter • Mar 26, 2022 • 285 Comments Junk bonds are still in la-la-land though, Apocalypse but not now.
Mortgage Rates Are Rising Much Faster than Treasury Yields. What’s the Deal? by Wolf Richter • Mar 24, 2022 • 231 Comments Is the spread heading to what happened in the 1970s and 1980s when the Fed battled blow-out inflation?
Mayhem in the Treasury Market as Powell Adds 50-Basis-Point Rate Hikes (Plural) to Menu, QT “As Soon As” May by Wolf Richter • Mar 21, 2022 • 289 Comments 10-Year yield hits 2.31%, 30-year fixed mortgage rate hits 4.66%. And why the funny kangaroo-shaped yield curve says nothing about the economy.
Why This is the Most Reckless Fed Ever, and What I Think the Fed Should Do to Reverse and Mitigate the Effects of its Policy Errors by Wolf Richter • Mar 12, 2022 • 363 Comments The Fed’s credibility shifted from Inflation Fighter under Volcker to Wealth Disparity Creator and Inflation Arsonist under Powell. And everyone knows it.
