Bond Math: Duration Risk at the Zero Boundary

There seems to be lots of confusion surrounding Bill Gross' latest Investment Outlook, Life and Death Proposition . First, some backgro...

The Impact of Low Rates Through 2014

Bloomberg details the latest from the Fed: Chairman Ben S. Bernanke said the Federal Reserve is considering additional asset purchases to ...

Race to the Bottom

Reuters details: U.S. Treasuries rose broadly and the five-year yield hit a record low on Wednesday, supported by prospects of further mone...

Swap Curve Whacked

At a very basic level, interest rate swaps allow the exchange of a fixed rate for a floating rate across maturities. When viewed in the for...

IBM Borrows on the Cheap

Bloomberg details: International Business Machines Corp. raised $1.5 billion at the lowest interest rate on record as the credit rally that...

Get Low, Get Low, Get Low, Get Low

Thanks to Lil Jon for the headline of the post... Peter Boockvar via The Big Picture details: Outside of the late ‘08, early ‘09 panic int...