Rough Day in the Bond Market: Treasury Yields Spike, 30-Year Fixed Mortgage Rate Nears 4%. Where’s the Magic Number? by Wolf Richter • Feb 5, 2022 • 243 Comments Fed’s coming tightening cycle sinks in, amid still brutally negative “real” yields, as bonds’ purchasing power gets eaten up by inflation.
Global Tightening amid Raging Inflation: February Update by Wolf Richter • Feb 3, 2022 • 224 Comments Brazil and Russia caught up via shock-and-awe rate hikes. But most central banks fell further behind. Then there are the reckless laggards.
Treasury Yields & Mortgage Rates Spike: Markets Begin to Grapple with Quantitative Tightening by Wolf Richter • Jan 8, 2022 • 198 Comments This is now moving fast.
Enough of this “Bond-Markets-Don’t-Buy-Hawkish-Fed’s-View” Nonsense: It’s the Fed’s Reckless Interest-Rate Repression by Wolf Richter • Dec 20, 2021 • 240 Comments Bond Markets will buy Hawkish Fed’s views just fine if the Fed stops buying bonds, period, and sells outright its TIPS, MBS, and long-dated Treasuries.
Stocks Don’t Need More Alarm Bells, They’re Already Clanging and Jangling All Over the Place. But Here we Are: Leverage by Wolf Richter • Dec 17, 2021 • 304 Comments Stock market leverage, the big accelerator on the way up, and on the way down.
Junk Bonds, Leveraged Loans, Buyouts by PE Firms, All Blow Past Records in Massive Chase for Yield amid Fed’s Easy Money by Wolf Richter • Nov 29, 2021 • 154 Comments La-la-land finance.
After Driving Corporate Bond & Junk-Bond Rally to Lowest Yields Ever, Fed Ends Bailout SPV with $513 Million Profit, Sends 90% to US Treasury by Wolf Richter • Nov 19, 2021 • 99 Comments By mid-September, the junk bond market started heading south.
Stock Market Leverage Spikes, Margin Debt Up 42% YoY. Fed Warns about High Leverage Ratio of “Younger Retail Investors” by Wolf Richter • Nov 18, 2021 • 165 Comments “Potentially Destabilizing Outcome could emerge if elevated risk appetite among retail investors retreats rapidly.” But what the heck.
Since 2008, Monetary Policy Has Cost American Savers about $4 Trillion by Alex J. Pollock • Nov 17, 2021 • 176 Comments After 13 years with on average negative real returns to savings, it is time to require the Fed to address its impact on savers.
State of the American Debt Slaves: Foreclosure Bans, Forbearance, Delinquencies & Soaring Prices of Everything by Wolf Richter • Nov 9, 2021 • 111 Comments Home-price explosion pumps up mortgage debt.
