Sunday, June 24, 2012

Treasuries reduce volatility better than munis, corporate bonds

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Some readers have asked if other fixed income asset classes could be just as effective as long term treasuries for an equities portfolio i...

China resumes buying Iranian oil

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China got what it wanted out of Iran - crude oil materially below market price.  Their strategy of isolating Iran helped convince the desp...

India's currency spirals out of control

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The Rupee hit a lifetime low against the dollar as flow of capital out of the country accelerates. The RBI (central bank) has been sellin...

Coal inventory at China's Qinhuangdao Port hits record

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Recently the Tianjin Port in China was showing record levels of coal inventories . N ow the Qinghuangdao Port coal inventories in storage ...
Saturday, June 23, 2012

Dr. Copper says watch out below

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The dislocation between US equities and Brent crude ( discussed here ) is by no means unique. A very similar picture is developing between...

High Yield bond market exceeds $1.3 trillion - and still not enough

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Year to date we've had $157.5 billion of new HY bond issuance. Plus $2.1bn of investment grade bonds got downgraded to non-investment ...

Long-term treasuries may be another crowded trade

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Another potentially crowded trade is in long-term US treasuries. As discussed before, some view longer dated treasuries as a portfolio he...
Friday, June 22, 2012

Russia has no interest in success of Iran nuclear talks

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When it comes to the ongoing (and so far fairly ineffective) Iran nuclear talks, it is likely that the Russians simply do not want to see ...