Apr 11

TFMkts Fixed Income Overview & Outlook – April 11, 2014 Edition

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Income Assets

This is where we were on March 27th.

Here is where we are today.

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Mar 28

TFMkts Fixed Income ETF Overview & Outlook: The Strange Week Edition

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A Strange Week

For the first time in weeks there hasn’t really been a consistent theme. Treasuries were mixed, depending on which part of the curve you look at. Some credit products, EM in particular did well, others, like high yield did next to …

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Mar 21

TFMkts Fixed Income ETF Overview & Outlook: The Ex Fed Edition

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Ex the Fed

The Fed essentially confirmed that unless we get any material economic surprises, QE will be done sometime this fall and rate hikes should start early in 2015.

On QE, Bernanke constantly reminded everyone that “taper” could be stopped or even reversed. Yellen …

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Mar 16

The T-Report: Russian and Chinese Treasury Holdings

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Russian, and maybe Chinese Sales of Treasuries?

That is the latest fear to hit the market. We pointed out in our March 3rd piece, that we thought Russia wasn’t so much defending the ruble, but on shoring assets.

A little more …

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Mar 16

The T-Report: CDS Spiral™ Warning

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Treasuries

We are working on a detailed treasury report for overnight trading. I have to say that I have found the treasury department very helpful in analyzing the TIC data. There is so much information, that it is hard for someone relatively unfamiliar with the data to navigate …

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Mar 15

The Тхір Report: The Ukraine, Nescafe, and Pysanky

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Петро Тхір

I was named after my grandfather, Peter Hawrylo, who most of his friends and all his pigeon buddies called Petro. He was an interesting man. Think “Tiger Mom” with less sophisticated aspirations for his children and a worse diet (though I guess eating onions like apples …

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Mar 14

TFMkts Fixed Income ETF Overview & Outlook: The It’s Going Down, I’m Yelling Timber Edition

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It’s going down, I’m yelling timber.

Okay, I am not as bearish as the title would suggest, but how often can you legitimately quote Ke$ha and Pitbull in a market commentary? And the next line is actually that you better dance and you better move, which I think …

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Mar 14

The T-Report: It’s going down, I’m yelling timber

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Okay, I am not as bearish as the title would suggest, but how often can you legitimately quote Ke$ha and Pitbull in a market commentary?

Complacency

Even after yesterday’s move, yesterday’s T-report still has many valid points.

A Lot of …

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Mar 13

The T-Report: Extreme Complacency, Data, BKLN & CLO’s, and more

Complacency

There must be a German word for extreme complacency. They have some of the best words out there (schadenfreude is an all-time favorite). But until I can find a better word, I will just explain what I am thinking.

Complacency is when people ignore …

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Mar 11

The T-Report: TFMA vs the Ira Sohn 2013 Conference Picks

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Ira Sohn Conference

Last year we decided to submit an entry into the Ira Sohn Contest. We felt like it would be good exposure if we won and got to present to that audience. Unfortunately we were not selected, not even as a runner up, but we figured …

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