The interest rate pendulum

When interest rates get whipsawed the way they have in the last couple of weeks, we believe some explanation is necessary. First and foremost, we don’t believe it is one particular issue but instead, a lot of balls in the air at the same time that are creating uncertainty. China,…

Picked off second

It’s not often we get to analogize between the bond market and baseball in our quarterly commentary, but given that the Pittsburgh Pirates recently made the playoffs for the first time since 1992, it seems apropos. Over the last several years, with the US economy unable to gain traction, the…

Bond yields tighten

In my previous post “Bond buyers beware,” I reviewed the recent bond market outlook and detailed our concern over the risk levels within certain fixed income segments. There has been increasing press coverage of an imminent bond bubble due to the low interest rate environment. However, recently the Fed announced…

The overhyped “bond bubble”

During a return appearance on "Breakout," Yahoo Finance’s daily investing show with host Matt Nesto, Charlie Smith weighs in on a number of items impacting current market trends, including the highly anticipated bubble in bonds. Charlie offers that we are in a “grinding deflationary cycle” and the excitement around a…