Tag Archives: 10 Year Treasury


Cumberland Advisors Market Commentary – 60/40 is not dead yet

Author: David R. Kotok, Post Date: October 29, 2020
Market Commentary - Cumberland Advisors - 60-40 is not dead yet

“The 60% stock/40% bond portfolio is largely a relic of the past, with alternatives likely to become a bigger portion of investors’ portfolios over the next decade, asset management chiefs said during a panel discussion at the Milken Global Institute Conference on Wednesday.” (“The 60/40 Portfolio Is Dead. Here’s What Will Replace It,” https://www.barrons.com/articles/the-60-40-portfolio-is-dead-heres-what-will-replace-it-51602757800) We disagree […]

The IRA: Powell Fed Embraces Monetary Relativity

Author: Chris Whalen, Post Date: September 23, 2020
Cumberland Advisors Robert "Bob" Eisenbeis Ph.D. In The NewsCumberland-Advisors-Robert "Bob" Eisenbeis Ph.D. In-The-News

Chris Whalen quotes Bob Eisenbeis and others for his publication, The Institutional Risk Analyst, on financial and banking issues. Read this excerpt from a September 2020 edition or the full post linked below. The idea of the FOMC deciding when average inflation targeting (AIT) has made up for periods of price deflation seems to stretch […]

Cumberland Advisors Market Commentary – 2019: Bonds Roar Back

Author: John R. Mousseau, CFA, Post Date: January 13, 2020
2019 Bonds Roar Back

2019 saw bond yields turn around from their climb in 2018 and move lower. Since the Federal Reserve changed their language last December to being accommodative and data-driven, we have seen yields across the board come down a lot. There is no question that this drop in yields was driven, in large part, by what […]

Cumberland Advisors Market Commentary – The Bond Conundrum and How to Manage

Author: John R. Mousseau, CFA, Post Date: August 20, 2019
Market Commentary - Cumberland Advisors - Bond Conundrum

The past couple of weeks have been breathtaking for bond investors and observers of the bond market. The yield on the 30-year Treasury bond is now at a record low – it dipped under 2% this week – and the 10-year Treasury is not far off its record low of 1.36% set in July 2016 […]

The Interview: David Kotok on GSIBs, Markets & Central Banks with Chris Whalen

Author: Chris Whalen, Post Date: March 14, 2019
Market Commentary - Cumberland Advisors - The Interview David Kotok on GSIBs, Markets and Central Banks

My friend Chris Whalen was kind enough to use an interview he did with me in his weekly publication on financial and banking issues, The Institutional Risk Analyst. Chris has had a distinguished career, and it was a pleasure to interact with him again. This summer Chris and I are cohosting the June gathering at […]

More Evidence Supporting a 60/40 Portfolio

Author: Gabriel Hament, Post Date: December 24, 2018
More Evidence Supporting a 60/40 Portfolio

Earlier this summer we wrote about the FY 2017 returns (July 1, 2016 – June 31, 2017) reported in the NACUBO-Commonfund Study of Endowments® (NCSE).[1] The research comprises over 800 college and universities that self-reported their performance results and general asset allocation schema. One of the main “takeaways” from the study is that those endowments […]

Fed & Rates

Author: David R. Kotok, Post Date: July 3, 2018
Cumberland Advisors Market Commentary by David Kotok

My colleague Bob Eisenbeis recently described the improved communications from the Fed and offered his current thoughts on Fed policy. His post-Fed-meeting notes are here: https://www.cumber.com/the-fed-decides/. Today we want to take a longer view of interest rates and offer some observations on what lies ahead. I write this after the FOMC June meeting and after […]

Wizman, Kotok, Caron on Treasury Yields, Investor Concerns in the Bond Market

Author: , Post Date: May 21, 2018
Cumberland Advisors & David Kotok - Bonds -Live TV - Bloomberg

Wizman, Kotok, Caron on Treasury Yields, Investor Concerns in Bond Market Bloomberg Markets May 17th, 2018, 10:49 AM EDT Thierry Wizman, Macquarie Capital global interest rates and currencies strategist, David Kotok, Cumberland Advisors chairman and chief investment officer, and Jim Caron, Morgan Stanley Investment Management managing director, discuss the U.S treasury yield short and long […]