Tag Archives: treasuries

image_pdfimage_print

Barron’s – Wave Of COVID-19 Bankruptcies Poses Next Threat To US Economy

Author: , Post Date: May 14, 2020
Cumberland-Advisors-David-Kotok-In-The-News

Wave Of COVID-19 Bankruptcies Poses Next Threat To US Economy Excerpt from Barron’s (AFP News) – May 13, 2020 By John Biers Larger companies have generally survived the initial blow from the coronavirus crisis, but still face existential challenges to get through what will probably be a long and grinding recovery. Since COVID-19 shuttered much […]

Cumberland Advisors Market Commentary – McConnell as Meredith Whitney

Author: John R. Mousseau, CFA, Post Date: April 23, 2020
Market Commentary - Cumberland Advisors -McConnell as Meredith Whitney (Mousseau)

Senate Majority Leader McConnell yesterday was reported by Bloomberg News as saying that he “would certainly be in favor of allowing states to use the bankruptcy route” rather than giving them a Federal bailout. This reminded us of 2010 when Meredith Whitney, a noted bank analyst, predicted that there would be hundreds of billions of […]

Cumberland Advisors Market Commentary – The Muni Meltdown Timeline (and the Opportunity It Presents)

Author: John R. Mousseau, CFA, Post Date: March 27, 2020
CA-Market-Commentary-The Muni Meltdown Timeline (and the Opportunity It Presents)

The Municipal Bond Market has suffered one of the most dramatic back-offs it has ever seen; and it was accomplished in about nine business days. The rise in yields has been dramatic and fierce and had lots of elements to it. This is a quick synopsis of some of the muni meltdown. As of Monday […]

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 […]

4Q2018 Review: Munis Turn It Around

Author: John R. Mousseau, CFA, Post Date: December 28, 2018
Market Commentary - Cumberland Advisors - 4Q2018 Review Munis Turn It Around

Muni yields rose in the first six weeks of this quarter – mostly in sympathy with US Treasuries (UST). We saw the 10-year and 30-year Treasury bonds rise 20 and 25 basis points respectively. Since early November, AAA muni yields (AAA) have dropped across the board, and the 10-year Treasury yield has fallen a whopping […]

Yogi Berra, the Fed’s Balance Sheet, and Liquidity

Author: Robert Eisenbeis, Ph.D., Post Date:
Market Commentary - Cumberland Advisors - Yogi Berra, the Fed’s Balance Sheet, and Liquidity - The Fed’s Quantitative Easing Program

The story is that the Fed’s quantitative easing program injected large amounts of liquidity into financial markets, causing bond rates to fall and stock prices to accelerate. Consequently, the argument goes that, the shrinking of the Fed’s balance sheet through maturity runoff will cause bond rates to increase and, presumably, stock prices to retreat. But […]

Russia plans to sell more US debt in response to sanctions

Author: , Post Date: August 14, 2018
Cumberland-Advisors-David-Kotok-In-The-News

…[R]isk is that China or another country weans itself off US debt by slowing its purchases and waiting for existing Treasuries to mature.

“Gradualism could have a long-term impact on the United States. But that would be a patient policy that would not reveal itself easily,” said David Kotok, chairman of Cumberland Advisors