Bonds 04 (Jul 15 - Aug 17)

[winston]

Bonds (10 year): 1.72% versus 1.74% versus.

Big doji with tail Friday at the early September low.

May want to bounce off a double bottom attempt.

Source: Investment House

[winston]

Bonds (10 year): 1.80% versus 1.746%.

After a gap higher off the 200 day SMA Thursday, TLT gapped sharply lower to a lower low on this selloff.

Bonds have cracked.

Source: Investment House

[winston]

This is NOT the beginning of the great bond market sell-off: Economist

by Gemma Acton

German 10 year government bond yields moved into positive territory for the first time since late June while U.K. gilt yields hit levels not seen since the day of the EU referendum on 23rd June on Monday.

"The problem here is that the world is still in a kind of longer-term structural Japanese-type story... Central banks want to raise rates but can't do so easily."

"Overall the underlying story is one of persistently weak nominal growth that gives you very low yields," he summarized.

Source: CNBC

http://www.cnbc.com/2016/10/17/this-is- ... 284a1255a1

[winston]

Panda bonds gaining in popularity

Today, let's talk about Panda bonds. They are yuan-denominated bonds sold by foreigners on the mainland.

Hong Kong's Wharf Holdings (0004) has just issued 4 billion yuan worth of panda bonds that were three times oversubscribed. The bond has been rated AAA by China Chengxin International Credit Rating.

Wharf is the first local developer to obtain approval to issue panda bonds with an aggregate amount not exceeding 20 billion yuan.

The first tranche of 4 billion yuan three- year medium term note has a coupon of 3.1 percent. The panda bond market started in 2005 with progress lagging far behind that of dim sum bonds. But they will soon exceed the latter.

Panda bond issuance in the first nine months of this year amounted to 84.2 billion yuan versus 89.4 billion for dim sum bonds. Its easy to issue such onshore yuan bonds thanks to ample liquidity in the mainland.

Source: Dr Check, The Standard

[winston]

Bonds (10 year): 1.73% versus 1.75%.

Rallied back on the week, moving through the 200 day SMA and closing the week right at that level.

Still a long way from where it started as bonds sold aggressively for 2 weeks.

Source: Investment House

[winston]

"Junk" bonds continue to rise… sector fund HYG hits a new 52-week high.

[winston]

Bonds (10 year): 1.85% versus 1.84%.

After bombing lower Thursday in a plunge from the 10 day/200 day SMA, bonds more or less held position.

Source: Investment House

[winston]

Banks Are Hoarding $2.4 Trillion of Bonds

by Liz McCormick

Government debt holdings soar as deposits outpace loan demand
Tighter standards, lackluster U.S. economy damp lending

Source: Bloomberg

http://www.bloomberg.com/news/articles/ ... s-stampede

[winston]

The bond market is unraveling

Source: Daily Crux

http://thecrux.com/the-bond-market-is-u ... ney-today/

[winston]

Bonds (10 year): 1.778% versus 1.81%.

After a volatile week following the late October gap lower, bonds are trying the upside with a higher volume move upside Friday.

Cleared the 10 day EMA, an important first step.

Source: Investment House