The bull market in bonds still has legs
Is the thirty-seven year bull market in US Treasury notes dead? Yields to maturity on 10-year US Treasury notes are now at their highest level since April 2011. The current yield to maturity is 3.21%, a significant rise from 1.387%, which the market touched on July 7, 2016 in the immediate aftermath of Brexit and a flight to quality in US dollars and US Treasury notes.
OPEC couldn’t stop this rally even if it wanted to
Uh oh, the oil market is really starting to run up now. Brent crude hit US$85 overnight. When does it slow down? I have no idea, but[...]
The problem inside Qantas
And so a new quarter begins in the financial world, just as my time here at The Daily Reckoning Australia winds down. One week to[...]