The Global Bond Market

Edge Perspectives

Edge Capital publishes research on subjects covering asset allocation strategies, thought leading perspectives on market events, and new investment opportunities for our clients. Our research reports are designed to enhance knowledge and understanding of the markets and to provide a macro outlook. Please feel free to reach out via email at research@edgecappartners.com to discuss any of the views presented here.

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The Global Bond Market

The global bond market is feeling negative. Truly negative.  Like “pay the issuer to take your money for years” negative.  Governments such as Germany, Japan,…

It all adds up. One, two, three, four.

This week a combination of data points caused the equity market to rip and the 10-year US Treasury yield to fall below 2.1%.   Following the…

Curve ball

The Treasury yield curve is trying to tell you something.  The risk of a policy mistake is up and the risk to further economic expansion…

Mission Impossible

Mission Impossible.  You could say that was Theresa May’s mandate.  She faced a daunting task to execute on a 2016 referendum to separate the UK…

Who put who in “timeout”?

An ultimatum from President Trump last Sunday night that tariffs will be raised should China back away from the trade deal was the big news…

It’s tea time

Reading tea leaves is a practice that started roughly in the seventeenth century when Dutch traders started the import of the commodity into Europe from…

Q2 2019 Quarterly Outlook

Whether the Federal Reserve bowed to political pressure or re-examined with fresh eyes the muddled (but weakening) fourth-quarter economic data, the renewed December policy language…

Four million

Four million.   That is how many words are in the US tax code (known as the Internal Revenue Code or IRC).  At a normal pace…

Everybody’s working it

Everybody’s working it.  The employment report on Friday showed 196k jobs added.  The unemployment rate remained low at 3.8% and wage growth kept at a…

The “Pain Trade”

Traders have a saying that the market “tends to create as much pain as possible”.  The context which provides meaning to the statement is that…

A new lease on life?

A new lease on life?  Usually you have a set date when a lease ends, but in the UK’s case it depends.  This week the…

The Devil is Always in the Details

The devil is always in the details.  This is as true in index-based investing as it is in life.  Take for example the unfortunate airline…

The Pendulum

The pendulum of market sentiment swung back from optimism this week landing the equity market in a tight spot.  There is a lot of good…

It is ironic

It is ironic……Equity market assets are increasingly becoming passive while at the same time equity market trading is becoming more algorithmic. According to the Investment…

Slow-growth is not no-growth

Looking back, it seems December left everyone in the cold.  This week, the US Census Bureau finally released their report on retail trade for the…

It’s time for a temperature check

It’s time for a temperature check.  Released this week, new research from UK scientists reviewed the effects of 16th century exploration on the climate of…

2019 Tax and Planning Guide

Click here to view our Edge 2019 Tax and Planning Guide

You can’t always get what you want

You can’t always get what you want, but sometimes you do.  Like this week. The Fed knew exactly what to say to give the financial…

Q1 2019 Quarterly Outlook

Edge Capital Group Q1 2019 Outlook Investor sentiment dissolved quickly during the fourth quarter, wiping out earlier 2018 gains and pushing global equity markets soundly…

There is a better future ahead

There is a better future ahead. No, that is not a market or economic forecast. Just a simple belief as we look to close this…

Edge Research Insights: Fed Disappoints but Shows Flexibility

Download Full Commentary Here: Edge Research Insights: Fed Disappoints but Shows Flexibility

“To hike, or not to hike”

“To hike, or not to hike, that is the question. Whether ‘tis nobler in the mind to suffer the slings and arrows of outrageous tweets,…

Has the world turned upside down?

Has the world turned upside down?  This week the media seized on the occurrence of an “inverted” Treasury yield curve which happens when yields on…

A few words can go a long way

  A few words can go a long way when the equity market is this anxious.  There are four key issues overhanging equity market sentiment…

“Art of the Deal”

There is no part of the world left untouched by the “art of the deal.”  Look no further than the United Kingdom whose Prime Minister…

Take your pick

Take your pick.  On any given day, there are many bits of information both good and bad that become available and the interpretation is driven…

Markets are always changing

Markets are always changing.  As an investor, we must constantly survey the financial landscape to identify risks and opportunities to ensure we hold the highest…

Q4 2018 Quarterly Outlook

Edge Capital Group Q4 2018 Outlook After an exceptionally strong and resilient third quarter for US equities, the bears have stirred up market volatility again…

Edge Research Insights: Credit Tightening Accelerating Volatility

Credit Tightening Accelerating Volatility Download Full Commentary Here: Edge Research Insights: Credit Tightening Accelerating Volatility The US equity market has been the sole standout performer…

The tide has turned

The tide has turned. This week, the yield on the 10 year maturity US Treasury moved decisively above 3% to rest at 3.2% on Friday’s…

It was pretty well telegraphed

It was pretty well telegraphed. This week the Federal Reserve raised the target rate range to 2.0-2.25% in a move that was widely expected.  While…

Technology has changed the way we live

It is not a stretch to say that technology has fundamentally changed the way we live.  Not only changing the mode of communication (phones, email,…

There are always two sides to every story

There are always two sides to every story.  You have to see the perspectives of both sides to understand a situation and to anticipate what…

“Time and tide wait for no man.”

“Time and tide wait for no man.”  It is a saying which has found its way through history albeit with uncertain provenance.  The list of…

So what else is new?

So what else is new?  For all the talk on trade, there is more going on in the US economy than just that. The further…

Isn’t that a peach?

  Isn’t that a peach?  In this week’s news, the legal drama of two of President Trump’s campaign associates separately reached conclusions which leads them…

Let’s talk Turkey…because at this point it seems that everyone else has!

Let’s talk Turkey…because at this point it seems that everyone else has!  The old quote from Hemingway is applicable here.  In the novel The Sun…

Everything takes time

  Everything takes time.  The mainstream financial world has always been deliberate (read that as slow) to adopt new investment paradigms into practice.  While academia…

Is the season changing?

  Is the season changing?  It has been a remarkable streak since the recovery began after the financial crisis almost ten years ago when “growth”…

Are we talking about zero?

Are we talking about zero?  Zero tariffs that is.  In this week’s episode of the US versus the World trade saga, the US and European…