On this episode of The Long View, Cullen Roche, the founder and chief investment officer of Discipline Funds, discusses how ...

The “Sell America” trade that gripped markets this month has left a potentially lasting dent in investors’ willingness to hold the US government’s longest-maturity debt, a mainstay of its ...

A peculiarity of the tax code gives fund investors an advantage over bond investors. Say a bond comes out at par and sinks to ...

As investors reprice the risk of U.S. capital, the term premium—the additional yield investors demand to hold a long-dated bond rather than a short-dated one—has climbed to the highest in more than a ...

The Capital Asset Pricing Model (CAPM) says that you can get a low fixed return (like on Treasuries) or you can get a higher floating return for taking cyclical risk (like on corporate equities).

It was ultimately a sharp sell-off of Treasury bonds that made the US pull back from its ‘reciprocal tariff’ misadventure. It has revealed a limit to how far Trump can push his trade agenda.

When the stock market is in the middle of a panic, investors flee to bonds. Last week, that fundamental "flight to safety" approach didn't work. A surge in U.S. treasury bond yields sparked ...