After some Wavering, Corporate Bond Market Adjusts to Tightest Monetary Policies in Decades and Returns to La-La-Land by Wolf Richter • Aug 30, 2023 • 67 Comments Record QT and big Rate Hikes no problem: Corporate Bond Market Distress Index drops to lowest level since before the Fed started tightening.
Mortgage Rates Adjust to New Era, Jump to Highest since 2001. Long-Term Treasury Market Slowly Coming out of Denial by Wolf Richter • Aug 24, 2023 • 184 Comments The new era of “higher for much longer.” The 40-year bond & mortgage bull market died in late 2020.
Ten-Year Treasury Yield Hits 15-Year High, Market Wades out of Denial, Sees “Higher-for-Longer,” Tsunami of Issuance, QT by Wolf Richter • Aug 16, 2023 • 205 Comments “Higher for longer be damned”: consumers and businesses.
What Consumers Earn in Interest Income vs. What they Pay in Interest Expense by Wolf Richter • Aug 14, 2023 • 174 Comments One reason why the drunken sailors are in no mood to slow down. Lots of them make a lot more money on T-bills, CDs, money-market funds. Others pay more.
Consumer Foreclosures, Bankruptcies, Delinquencies, and Collections: Checking on the Hangover of our Drunken Sailors by Wolf Richter • Aug 12, 2023 • 153 Comments Not much of a hangover yet. Going to see more of these frying-pan charts
Our Drunken Sailors Still Not in Trouble with their Credit Cards by Wolf Richter • Aug 8, 2023 • 77 Comments Keeping an eye on them because some day enough of them will get in trouble to move the needle. But not yet.
Here Comes the Tsunami of Longer-Term Treasury Notes & Bonds: Monthly Auction Sizes +60% by August Next Year by Wolf Richter • Aug 2, 2023 • 180 Comments Good Lordy.
End of Easy Money: Financial Conditions Loosen Again for Junk-Rated Companies. But Some that Long Teetered Finally Go Over the Bankruptcy Cliff by Wolf Richter • Jul 10, 2023 • 119 Comments Tightening is a slow process, and there is still a flood of excess liquidity chasing after yield.
Treasury Market Comes Out of Denial, Grapples with “Higher-for-Longer,” QT, Flood of New Issuance. Long-Term Yields Jump by Wolf Richter • Jul 8, 2023 • 212 Comments Denial works great until it doesn’t.
Longer-Term Treasury Yields to Rise amid Flood of Issuance while Fed, Foreign Buyers, US Banks Unload. Short-Term Yields already Surged by Wolf Richter • Jun 26, 2023 • 179 Comments What the Fed wanted to accomplish. But the bond market hasn’t been playing along and “is too complacent” about the coming onslaught.
