The Bond Market Reacts Apparently the bond market was taken by surprise by this morning’s employment report. The interpretation clearly seems to be that this is a strong sign that…

…in early March and early April. Bond yields plummeted on March 5, when the employment report was somewhat weaker than expected. And bond yields shot up on April 2, when…

You know the trillion dollars a year of Treasury and GSE bonds that the Fed’s buying up? (And the $3-trillion+ it’s already holding?) It’s driving up bond prices and suppressing…

The software placed all the charts in the previous post after the page break. I do not know how to fix it so go to page 2 to real the…

…changes in bond prices (often of the wrong sign). Second the expectations which matter are not those of bond traders but of house builders. Bond traders pay obsessive attention to…

…corporate bond markets in emerging markets, which have grown considerably since the 2007-09 crisis. Diana Ayala, Milan Nedeljkovic and Christian Saborowski, also of the IMF, studied the share of bond…

…they expect… 6/118 Brad DeLong @delong·Apr 9…inflation to continue. And I do not see how workers and bosses can expect inflation to continue while bond traders remain un-spooked. Bond traders…

…related to credibility and the expectations channel (which I call BS). I think the FED worries about bond traders almost as much as the bond traders worry about the FED….

…budget or safety-net programs or debt. That paragraph invokes a federal rule for civil court procedures, requiring anyone seeking an injunction or temporary restraining order to block an action by…

…now, I’ll just say that Kennedy’s opinion relies extensively upon a 2011 opinion of his in a case called Bond v. U.S. in which he enunciated most expansively his federalism…