BONDBULL !!! Bond is real power to the world of power!!

[bimetalaupt]

YES WTI IS 45 BUT THE 10 Y T-NOTE IS 1.921%!!!THE BOND PRICES ARE TELLING MORE ABOUT THE WORLD FEARS THEN STOCK MARKET HAS.
FROM THE WORKS OF LenData: MMXVI-Alpha
Just a thought
BiMetalAuPt
Principal : Lendata,USA


alpha Black Swan event study
STRESS TEST STUDY 01/12/15
RIDK........................................................... 5530.4175
15 MONTH DJIA PROJECTION......................... 21686.467341903
UPSIDE........................................................ 4045.627341903
DJIA UPSIDE/RISK............................................ 73.1522953177%
djia risk/return................................................... 1.3670111042404
Highest risk DJIA........................................... 16156.049841903
PROF/LOSS PER$1.00......................................... -$0.26848

[bimetalaupt]

Lloyd C. Blankfein:

The relationship of DJIA to 30 year bond at each relation of interest for the 15 month test run..repeat of the interest study vs M3 supply...from MMXVI Alpha Jan 12, 2015....

Just a thought about the newest Money machine test data logger test sampling;

BiMetalAuPt


corr......................................................... -82.317493453596%
2.00%................................................... 19268.3881697732
2.80%.................................................... 16716.4578800132
3.00%................................................... 16078.4753075732
24.92.................................................... 17698.9510415708

[Aman A.K.A. Ahamburger]

Interesting. So it's not so much bonds are the house you live in; it's "bonds built the house you live in", eh?

Did you/anyone get a chance to read this? This Guy Called Bonds in ’14. You Listening This Time?

Bonds like during the 1940's? I'm pretty sure a couple people around here were saying that a while back.

[bimetalaupt]

Jan 14, 2015 11:06:06 GMT -5 Aman A.K.A. Ahamburger said:

Interesting. So it's not so much bonds are the house you live in; it's "bonds built the house you live in", eh?

Did you/anyone get a chance to read this? This Guy Called Bonds in ’14. You Listening This Time?

Bonds like during the 1940's? I'm pretty sure a couple people around here were saying that a while back.

A++++,
Yes: BONDS ARE THE HOUSE YOU LIVE IN.  YES MY FATHER'S FATHER WAS PRESIDENT OF CHASE NATIONAL, NEW YORK.  HE WAS A BOND INVESTOR AND RAN THE ASSET RESERVE DURING THE DEPRESSION THAT WAS 100% T-BONDS: MOST WERE WAR BONDS.  YES: WE ARE STILL RECEIVING CALLS FROM THE OLD MMVII-Pt FOR 1USD = 1UR.  THIS WILL BE A WILD YEAR FOR GROWTH WITH VERY LOW INTEREST RATES AROUND EU LIKE THOSE OF GERMANY AND SWEDEN.  

THE 30 YEAR HIT 2.4111% THIS WILL MAKE DUK EQUITY RISK PREMIUM = 5.8315290980755900%
GROWTH..................................3.686529%
CASH DIVIDEND YIELD...............3.920000%
TOTAL RETURN..........................7.606529%
ERP..........................................5.8315290980755900%
DATA FROM CLOSE 1/15,2015
Just a thought,
BiMetalAuPt
Please note: BiMetalAuPt.clearwire.net was be ended April 15,2015 by Clearwire abandoning Texas .  We will go back to Lendata server. 

[Aman A.K.A. Ahamburger]

, when you say wild year for growth?

I see Denmark's rates are so low their actually into negative territory. Is the possible Greek exit the reason for the Swiss to drop the Franc cap? Possibly it's the reason Greek Banks Request Emergency Liquidity as Outflows Grow?

So what happens to Greek EU debt if..when Syriz is Elected? Hair cut at best, with an exit leaving them worthless? Who bails out the Ukraine in this situation?

ECB QE to drive Dow to 20k?

God bless.

[bimetalaupt]

Jan 19, 2015 12:25:05 GMT -5 Aman A.K.A. Ahamburger said:

, when you say wild year for growth?

I see Denmark's rates are so low their actually into negative territory. Is the possible Greek exit the reason for the Swiss to drop the Franc cap? Possibly it's the reason Greek Banks Request Emergency Liquidity as Outflows Grow?

So what happens to Greek EU debt if..when Syriz is Elected? Hair cut at best, with an exit leaving them worthless? Who bails out the Ukraine in this situation?

ECB QE to drive Dow to 20k?

God bless.

GREEK "UN-SOLVERT" BONDS DID IN DAXIA BANK:AGAIN. JUST LIKE 2011:AGAIN

BIMetalAuPt

Greek Debt Crisis Leads To Dexia Bank Failure

Only a few months ago, the bank Dexia was rated one of the most stable in Europe. But, within the past few days, it's become the first casualty of the Greek debt crisis, saved only by interventions by the Belgian and French governments. Robert Siegel talks with Stanley Pignal, Brussels correspondent for the Financial Times, for more.

..........

The European bank Dexia couldn't wait for a grand Eurozone bargain. In the past couple of days, Dexia has been nationalized by Belgium and bailed out by France, and oil-rich Qatar is looking to buy some pieces of it. This marks the demise of a bank that just a few months ago, in European Union stress tests, was rated the 12th safest bank in the E.U.

Dexia is the first bank to fail as a result of the Greek debt crisis. And it was evidently sunk by its holdings of European sovereign debt, especially Greek bonds.

Reporter Stanley Pignal has written about this for the Financial Times. He's in Brussels and joins us now

.

[Aman A.K.A. Ahamburger]

This has got to be the craziest financial condition in known history. Banks that need capital while having rates that push capital out. Thinking adding 50 billion a month will be a magic pill when adding a trillion at one time did nothing. Thinking adding 50 billion a month is something when things got worse after a trillion was added at one time and GDP rules were changed to include illegal activity... Russia close to causing an all out default in the Ukraine(war close to causing global depression).

[flow5]

It's about the unknown and unknowable - a black swan...the unchecked contraction of the unregulated, prudential reserve, Euro-dollar banking system (in conjunction with an unprecedentedly tight money policy by Janet Yellen).

[flow5]

The dollar's strength (greater isolation and percentagewise - declining trade), is both a cause and effect of the unregulated, uncontrolled, self-reinforcing, bank credit contraction of the (Euro-dollar's, Yaun-dollar's, Yen-dollar's, etc.), commercial banking system. It represents the U.S. transition from the World's reserve currency (a "safe-haven"), to a transactions currency, to one with perhaps in the longer-term, insufficient FX reserves.

The E-D system is an international, prudential reserve, money & credit creating banking system (without IMF or Central Bank, payment, clearing, & settlement functionality and facilities). The E-D system (not ECB), operates without Central Bank backstops & FDIC insurance coverage. And the size of the E-D system is many times that of our Federal Reserve System of commercial banks. It is a "black swan" - unknown and unknowable.

The foreign commercial banks, and foreign branches of U.S. banks, which create this money, operate on the premise that they will always be able to convert E-Ds into U.S. dollars on demand on a one-to-one basis.

This exchange equivalence privilege may suggest to the E-D borrower that there is no meaningful difference between E-Ds and U.S. dollars. But in terms of our national and the international economy this is an illusion. In both an economic and legal sense the E-D is no more a part of the lawful money supply of the U.S. than is the Canadian dollar, or any other national currency.

Two principal factors were responsible for the origin of the E-D banking system; (1) the possession by foreign commercial banks of an excess volume of short-term claims against the U.S. dollar, and (2) the preeminence (at that time) of the U.S. dollar as the reserve currency.

With Janet Yellen's tightening of monetary policy, and fewer petro-dollars recycled, dollar-denominated assets will run-off, be called and or replaced by other currency pairs.

[bimetalaupt]

Jan 25, 2015 14:25:03 GMT -5 flow5 said:

It's about the unknown and unknowable - a black swan...the unchecked contraction of the unregulated, prudential reserve, Euro-dollar banking system (in conjunction with an unprecedentedly tight money policy by Janet Yellen).

We saw a contraction of monetary growth in July 2008 ( just before Lehman Brothers crash) in M3.  MMVIII called it with a crash projection of DJIA and DJTotalMarket when M3 growth crashed from 19% in June to 2% growth in Late August.  WE see growth of almost 10% to current growth of 5.2% for M3. 

[tyfighter3]

Have you looked at the DOW"s 1 year chart? Looks to me like if it goes below 17000, there's not much keeping it from going to 16000. Earnings ?

[bimetalaupt]

Jan 29, 2015 11:57:17 GMT -5 tyfighter3 said:

Have you looked at the DOW"s 1 year chart? Looks to me like if it goes below 17000, there's not much keeping it from going to 16000. Earnings ?

T3, What  MMXVI-Alpha has reacted to was the 3rd derivate of M1 of -4% for 3 months.  ( 11.3 for 2014 to 7.3% for Jan 2015.) Also the decline of the growth in M3 from Nov 2013 to Jan 2015 from 10% to 5%. Again this is what we saw from July 2008 to Sep 2008 just before Lehman Bro Bankruptcy. ( Correlation does not mean causation)   It is nice to have EXTRA Kash in the Expert 50/50 account system. 

Now to the question of the day: support I have found on Last Fridays run of MMXVI-Alpha was 16170.4328329382. Yes I like the low beta dividend paying stocks like JNJ.  I also like the DJUA with holding of DUK being held for some 30+ years as PSI ( Now DUK + SE).  DUK has a negative correlation to HD of -13.007906194569100%.

On the other hand rare coins and art has a history of about 15% increase in value over the last 30 years.  My collection of the better Red wines are up about 20% per year over the last 10 years.

Just my thought on the MMXVI-Alpha black Swan Study!!

BiMetalAuPt
. 

alpha Black Swan event study
STRESS TEST STUDY 01/23/15
RIDK...................................................................... 5560.1925
15 MONTH DJIA PROJECTION.................................. 21730.6253329382
UPSIDE.................................................................. 4058.02533293824
DJIA UPSIDE/RISK...................................................... 72.9835402810%
djia risk/return............................................................. 1.370171954046
Highest risk point  DJIA.................................................... 16170.4328329382
PROF/LOSS PER$1.00................................................. -$0.27016

[flow5]

The bond bubble bursts this May.

[bimetalaupt]

Jan 31, 2015 12:09:33 GMT -5 flow5 said:

The bond bubble bursts this May.

Flow5,
Interesting to note your timing: I have been talking to two Black Forest Piano firms about concert Piano in the $250,000 range.  Money  for interest in quality like my Current Studio Sauter 158 piano.
I sure wish I had a USA piano to support American workers that depend on to feed their family.  $$$$$$$ vs EUro?

Just a thought,
BiMetalAuPt

[flow5]

Moody's AAA corporates bottomed 6/2/12 and then 7/25/12 @ 3.22%   They made a triple bottom @ 3.29% on 2/2/15.  

Both roc's in short-term and long-term money flows are rising. The bond proxy say's its all over. 

Buy TBT ETF.

[Aman A.K.A. Ahamburger]

alpha Black Swan event study
STRESS TEST STUDY 01/23/15
RIDK...................................................................... 5560.1925
15 MONTH DJIA PROJECTION.................................. 21730.6253329382
UPSIDE.................................................................. 4058.02533293824
DJIA UPSIDE/RISK...................................................... 72.9835402810%
djia risk/return............................................................. 1.370171954046
Highest risk point  DJIA.................................................... 16170.4328329382
PROF/LOSS PER$1.00................................................. -$0.27016

The market is always right! Right now it's saying the majority of investors are inpet at the state of the global economy. Kinda like early 2009...

God bless.

Scores of tanks moved into eastern Ukraine from Russia last night as leaders fought over ceasefire terms

[bimetalaupt]

Feb 12, 2015 12:44:11 GMT -5 Aman A.K.A. Ahamburger said:

The market is always right! Right now it's saying the majority of investors are inpet at the state of the global economy. Kinda like early 2009...

God bless.

Scores of tanks moved into eastern Ukraine from Russia last night as leaders fought over ceasefire termsPS: CURRENT DATA DURIVED STUDY-ALPHA MMXVI FOR 2/12/2015 alpha Black Swan event study
STRESS TEST STUDY 02/12/15
RIDK 5841.23625
15 MONTH DJIA PROJECTION 22149.3748446393
UPSIDE 4176.99484463928
DJIA UPSIDE/RISK 71.5087468794%
djia risk/return 1.3984303230579
Highest risk DJIA 16308.1385946393
PROF/LOSS PER$1.00 -$0.28491

A++++,

AS FOR 63/37 I LOVE THE BATTLESHIP PORTFOLIO CASH AVABLE WITH SELLING STOCKS.  BONDS ARE THE HOUSE YOU LIVE IN.  WHEN THE ECONOMY TURNS DOWN THE ODDS ARE BONDS WILL SAIL.   YES, 2008 WAS A GREAT YEAR FOR BONDS: 30 YEAR BOND BULL MARKET PAID FOR MY SON AND MY RETIREMENT: NOW FOR THE ART MARKET.

Just a thought,

BiMetalAuPt

[Aman A.K.A. Ahamburger]

, assets that the wealthy trade always seem to do well, eh?

The battleship portfolio is a brilliant name! Ready for war with a cannon loaded with cash to buy at a discount. I wonder if the amount of 2-5% pullbacks have been counted over the last 100 years?? I would bet between 500-1000.

Yes, it looks like I will have some money for the 60/40 VAT after all eh, piano man?

So what else has changed since 2009-2010? The free money and fudging in Europe has solved nothing, US and Russia are now in a proxy war - after the 'reset' in 2010, and all the talk was about a mid east withdrawal....

I see the risk has increased... Should be fun to watch.

[flow5]

The bond proxy reflect both overbought and oversold conditions.   It's like in calculus where you calculate limits. Rates have to rise.

[bimetalaupt]

Feb 14, 2015 16:11:19 GMT -5 flow5 said:

The bond proxy reflect both overbought and oversold conditions.   It's like in calculus where you calculate limits. Rates have to rise.

Flow5,

It is truly amazing how well the Worlds bond interest rates have telegraphed the current economic  problems. I have used a lot more Deformational studies with Phillip Good's Permutation Tests to resample data to test my Hypotheses. My current hypotheses is the rebalancing system with 63% Equities ( risk) will produce a superior    efficient frontier.

Battleship 63/37 MAR 8.54348000000% total return risk/return 349.95227183217%
Expert 50/50 MAR..7.902966% ..........................RISK/RETURN 224.3855132%

Flow this is going to be a wild year esp. for the EU, I did move money to EU. Growth sometimes back. 

Just a thought,

BiMetalAuPt
        

From Yahoo  Also Known as a "Black Swan" daily MARKET!!

From Dec. 19, 2014 through February 6, the market has gone nowhere. Although unknowledgeable investors believe a churning market is healthy, it is not. Legendary trader Jesse Livermore went short before the 1929 crash because he recognized that a churning market is a danger sign. Put another way, when the market is pushed up too high on little volume, it will not end well

 

alpha Black Swan event study
STRESS TEST STUDY 02/13/15
RIDK............................................................ 5885.270625
15 MONTH DJIA PROJECTION......................... 22215.3041571647
UPSIDE.......................................................... 4195.95415716475
DJIA UPSIDE/RISK.............................................. 71.2958574809%
djia risk/return..................................................... 1.4026060353759
Highest risk DJIA........................................... 16330.0335321647
PROF/LOSS PER$1.00......................................... -$0.28704

[flow5]

Wild year indeed. If Yellen raises the remuneration rate it's all over.  The Fed should leave the remuneration rate unchanged and re-set the repo rate.

[bimetalaupt]

Watch out for Blond Brooklyn Economist ...What?? Bond Bull attacks the BEAR!! 

WHAT DOES NTHIS MEAN

CBOE Interest Rate 10 Year T No (^TNX) -Chicago Options 
BOND UP >>>>>>>>>>>>>>>>>>>>>>2.08 

INTEREST DOWN..........................................(3.12%)

2:10PM EST

Treasury Yield 30 Years (^TYX) -Chicago Options 


BOND UP ........................................................2.69

INTEREST Down ..............................................0.05(1.79%)

  2:22PM EST

Just a thought,

BiMetalAuPt

[flow5]

All 3 roc's (proxies) have now reversed, short-term money flows, long-term money flows, and the bond proxy (average of short-term rates).

parse: dt,  short,  long,  bond

09/1/2014 0.099 0.278 0.367
10/1/2014 0.041 0.261 0.356
11/1/2014 0.063 0.272 0.347
12/1/2014 0.075 0.209 0.338
01/1/2015 0.131 0.307 0.325
02/1/2015 0.184 0.425 0.319
03/1/2015 0.191 0.391 0.318

[bimetalaupt]

FRANKFURT — The president of the European Central Bank defended its fledgling asset purchase program before a skeptical audience on Wednesday, saying the benefits were filtering down to consumers and businesses while protecting the rest of the eurozone from the political turmoil in Greece.

“Developments are pointing in the right direction,” the bank president, Mario Draghi, said at a conference of economists and analysts who specialize in monetary policy. Mr. Draghi noted that the eurozone unemployment rate, while still 11.2 percent, was at its lowest level since 2012.

In addition, he said, borrowing costs for eurozone governments have fallen since the European Central Bank began signaling last year that it was likely to begin buying government bonds to stimulate growth and push inflation from dangerously low levels.


Continue reading the main story

Related Coverage



Benoît Coeuré, a member of the central bank’s Executive Board, said the asset purchase program had already pushed down the cost of credit.

Quiet Start to Central Bank Bond-Buying Program for the EurozoneMARCH 9, 2015

E.C.B. Bond-Buying Program Is ‘Pointing in the Right Direction,’ Draghi Says


Mario Draghi, president of the European Central Bank, above, on Thursday. A day earlier, Cypriots held an anti-austerity demonstration.

Mario Draghi of E.C.B. Predicts an Improved Economy When Stimulus Program Begins MondayMARCH 5, 2015




Eva Christiansen, left, an entrepreneur, was stunned to learn about negative interest. Ida Mottelson, a student, received a notice from her bank saying it would start charging her a percentage to hold her money.

In Europe, Bond Yields and Interest Rates Go Through the Looking GlassFEB. 27, 2015


The central bank began buying government bonds on Monday, purchasing 3.2 billion euros, or about $3.4 billion, worth on the first day. The initial size of the purchases suggested the bank would be able to reach its goal of buying €60 billion of government debt and other assets per month.

ABOUT TIME

www.nytimes.com/2015/03/12/business/international/european-central-bank-asset-purchase-program.html?_r=1

[Aman A.K.A. Ahamburger]

Now I understand why, Goldman’s president is ‘freaked out’ by tanking European bond yields....

Eva Christiansen, left, an entrepreneur, was stunned to learn about negative interest. Ida Mottelson, a student, received a notice from her bank saying it would start charging her a percentage to hold her money.

Causing a bank run

[bimetalaupt]

U.S. Money Managers Turn Cautious

Money managers have reined in their optimism since the fall, but they see bargains in Europe, energy, tech.





By Jack Willoughby



April 25, 2015



America’s money managers have developed a fear of heights. Doctors might call it acrophobia, but investors call it a logical response to a stock market that has more than doubled in the past six years, and now sits just below an all-time high. This widespread wariness is evident in Barron’s latest Big Money poll, in which a record 50% of respondents categorize themselves as neutral about the market’s prospects through year end. That’s the highest neutral reading since the spring of 2005, when 40% were sitting on the fence, and a...



World Capital Markets – Size of Global Stock and Bond Markets This is  bit dated but interesting


McKinsey & Co put out a treasure trove of data about the size of stock and bond markets around the world in an August 2011 publication, “Mapping Global Capital Markets 2011″.

Below is a chart about the size of the global markets, and the relative size of outstanding bonds and stocks.

The table shows global bonds to be $157 Trillion out of the total $212 Trillion of capital stock (bonds and stocks) with stocks at $54 Trillion. That puts bonds at about 75% of capital, and stocks at about 25% of capital globally.

Separate data about the US from SIFMA, puts the US bond market at just under $37 Trillion (including municipal bonds) as of the end of 2011 (a year later than the McKinsey data), and Bloomberg puts US stocks now (April 2012) at about $21.4 Trillion.

By Subtraction, non-US debt outstanding is $120 Trillion, and non-US stocks at $32.6 Trillion.

US bonds are about 23.6% of world bonds outstanding, which compares well with the 26.4% weight that PIMCO puts on US bonds in its GDP weighted world bond fund, PSAIX – always good when different data sources tend to agree.

FTSE puts the US stock market at 45% of world stocks (as reported by Vanguard for their world fund VT) . Applying that percentage to the $54 Trillion of world stock market-cap at the end of 2010 from McKinsey. we get US stocks total market-cap of $24.3 Trillion.

As a cross-check, the sum of the market-cap of the NYSE, NASDAQ and AMEX on Bloomberg today (04-02-2012) is $21.4 Trillion — pretty close numbers for the kind of data gathering these summaries involve.

Going with the SIFMA and Bloomberg numbers, the US capital market is about $58.4 Trillion, consisting of 63.4% bonds and 36.6% stocks

[bimetalaupt]

IS THE BOND MARKET BULL PROVING THE EXPERTS WRONG?

Gross, founder and co-chief investment officer of Pacific Investment Management Co. and manager of the world’s biggest bond fund, made the comments Friday on his Twitter account and in a subsequent interview with The Wall Street Journal.


Gross: The secular 30-yr bull market in bonds likely ended 4/29/2013. PIMCO can help you navigate a likely lower return 2 – 3% future.

— PIMCO (@pimco) May 10, 2013

A bond bear market, typically defined as a 20% decline in prices, “will not occur in 2013,” said Gross in an e-mail response to questions from the Wall Street Journal. Bond yields rise when prices fall.

The comments extended a recent selloff in the bond market, sending Treasury yields to the highest level since late March.

The benchmark 10-year note fell 25/32 in price, yielding 1.903%. The 30-year bond fell 1 22/32 in price, yielding 3.106%.

Gross said in a Twitter post that he believes the three-decade-long bond rally likely ended April 29, when yields on the 10-year note hit 1.67%.

Gross has said several times in the past decade that bond investors would likely be hit hard as rates began to rise. He has subsequently rolled back his bearish calls, as bond prices have continued to rally amid soft economic growth and benign inflation data.

In October 2010, for instance, he wrote that the Federal Reserve’s decision to begin a second round of bond purchases known as “quantitative easing” would “likely signify the end of a great 30-year bull market in bonds.”

At the time, the 10-year Treasury yielded 2.75% and the 30-year 4.06% — well above the current levels, and indicating that an investor who took Gross’s advice at the time would have missed out on a price rally.

Gross himself has been more opportunistic. He significantly boosted Treasury bond holdings in April for the $292.9 billion Total Return Fund (PTTRX) to the highest since February 2012. Gross said in early April in an interview with The Wall Street Journal that he turned bullish on 10-year note as generous liquidity from major central banks will help keep bond yields low.

[bimetalaupt]

Bond Market Size Vs. Stock Market Size

by Kay Tang, Demand Media in Share

The capital market is composed of the bond market, in which debt instruments are issued and traded, and the stock market, in which shares of ownership in companies are issued and traded. In the United States and worldwide, the bond market is much larger than its stock market counterpart.

Size Differential

In 2010, global stock market capitalization stood at $54 trillion, according to the McKinsey Global Institute’s report “Mapping Global Capital Markets 2011.” The outstanding global debt including public debt securities, financial institution bonds and nonfinancial reached $93 trillion -- almost twice the capitalization of the equity market.
The size of the U.S. bond market is just under $37 trillion, finance professor Torben Anderson at the Kellogg School of Management says in “Volatile Assets” in July 2012. In comparison, the market capitalization of the U.S. stock market is about $21 trillion.


Reasons for Differences in Size

The bond market is larger than the stock market for various reasons. Whereas only corporations issue stocks, governments and corporations both issue fixed income securities. The U.S. Treasury is the largest issuer of bonds worldwide. Because U.S, Treasury bonds are backed by the full faith and credit of the government, investors perceive them as risk-free and highly liquid.
Even though the stock market was enjoying record highs in the two decades before the 2008 financial crisis, bonds accounted for 75 percent of corporate financing, according to Mark Skousen’s “Economic Logic.” Stocks are a cheaper source of capital for corporations because they don’t require fixed-interest payments. However, most investors are older and risk-averse, preferring the regular income of bonds.

WHERE THING WENT WRONG!! GREENSPAN HAD DECLAIRED VICTORY IN CREDI DEVELOPMENT BUT!!!!! WE HAD AN ASSET BACKED CREDIT BASED ON OVERPRICE ASSETS. 

Innovation and Bond Market Growth

In the 2000s, the U.S. bond market doubled in size and grew at a faster rate than the economy. The sharp growth was largely due to financial innovation, according to Anthony Crescenzi’s 2010 “The Strategic Bond Investor.” For example, the investing community saw the introduction of asset-backed securities, which repackaged mortgages, student loans, credit card loans and automobile loans. The globalization of the capital markets has also resulted in lower trade barriers and new technologies that speed cross-border capital flows.
In the wake of the 2008 financial crisis, the composition of bond market growth has altered. Although the private sector has deleveraged, the U.S. government has dramatically boosted its borrowing.

JUST MY OPENION BUT I HAVE NEVER BEEN CALLED WITHY A HOT BOND DEAL: FROM THE COLDCALLS: ALWAYS A STOCK DEAL THE BROKER OWNED!!

Public Focus on the Stock Market

Despite the larger size of the bond market, the public and news media focus on the ups and downs of the stock market. Whereas bond investors hang onto their portfolios for the long term, equity investors trade in and out of stocks more frequently.

Mutual fund managers and brokerages spend more resources trying to persuade investors to buy stocks.

The stock market indexes are viewed as leading indicators of corporations’ future plans as well as expectations of economic growth. The vitality of the stock market is also a reflection of the public’s faith in a system based on free enterprise.
 SO WHY ARE MOST FIRMS HOLDING HUGE $$$$$$$$$$$ RESERVES!!  RISK VS RETURN...

Just a thought,

BiMetalAuPt

[bimetalaupt]

AGAIN THE TEN AND THIRTY YEARS ARE HOT: BOTH ARE UP BIG MAKING YIELDS DOWN!!

Just a thought,

BiMetalAuPt
CBOE Interest Rate 10 Year T No (^TNX) -Chicago Options 
2.14 Down 0.10(4.24%) 12:45PM EDT

and 30 year T-Bond under 3% but my ladder ends Oct 2025!!! 

Treasury Yield 30 Years (^TYX) -Chicago Options  Watchlist
2.93 Down 0.14(4.41%) 12:48PM EDT

[bimetalaupt]

MMXVI-Alpha is still looking for a weak euro when the ECB doubles the June QE-EURO esp. when Greek debt is in default: we see parity.

www.reuters.com/article/2015/05/20/us-usa-fed-minutes-idUSKBN0O52C020150520

Many officials at the U.S. Federal Reserve's April policy meeting believed it would be premature to raise interest rates in June and that a bump in inflation was being offset by a weaker labor market and softer data, according to minutes from the meeting released on Wednesday.

"Many participants, however, thought it unlikely that the data available in June would provide sufficient confirmation that the conditions for raising (interest rates) had been satisfied ...," the minutes said.

The minutes also showed most participants expected the U.S. economy to pick up pace after a slowdown in the first quarter and that labor market conditions would improve.

But Fed officials also flagged a number of concerns weighing on the central bank, including disappointment that falling oil prices did not spur consumer spending as much as some of them had hoped. Economic worries in China and Greece were also cited.