Stocks / ETF

IEFETF

iShares 7-10 Year Treasury Bond ETF
$91.261d +0.5%5d +0.1%settled close · 2026-09-17
β 0.2152w $91–96Shares 509.2MNasdaq since 2002
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Who said what, and what IEF did next

Every dot is a day someone on the record made a call. Hover one to see who. We are not scoring them — the point is that you can see it and judge for yourself.

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Who’s talking about IEF

134 long24 neutral130 shortlatest 2026-09-11
DateVoiceStanceVenueThesis
2026-09-11Cameron DawsonCIO, NewEdge WealthBearishBloomberg The CloseThe 1981–2020 secular bond bull market is dead and yields are now in a clear secular uptrend, with…
2026-09-10Omar AguilarBullishBloomberg SurveillanceIntermediate bond yields are at their most attractive entry point in roughly 15 years, offering compelling…
2026-09-10Jeffrey GundlachCEO/CIO, DoubleLine CapitalBearishDoubleLine CapitalAI sector IG spreads have already widened from 50 to 125bps and HY from 180 to 325bps while the broader…
2026-09-09Mohamed El-ErianChief economic adviser, AllianzBearishChora MediaFundamental supply/demand imbalance — 6% GDP deficit, hyperscalers borrowing $300-800B, plus less reliable…
2026-09-07Rachana MehtaBullishBloomberg The CloseRMB corporate bonds hedged to USD yield ~5% with dramatically lower US-rate-driven volatility than equivalent…
2026-09-07Rajeev De MelloBearishBloomberg The CloseUS political pressure to cap Treasury yields makes owning US bonds structurally unattractive, favouring…
2026-09-04Julia CoronadoBearishBloomberg Open InterestSolid labor market with unemployment near full employment combined with broadening inflation across sectors…
2026-09-04Louis Vincent GaveCo-founder & CEO, GavekalBearishLouis-Vincent GaveOECD governments will inflate their way out of ballooning debt, producing persistently negative real returns…
2026-09-03Alli MccartneyBullishBloomberg The CloseFed's next rate move is lower not higher (though not expected until 2027), so buying short-duration bonds now…
2026-09-02David RosenbergEconomist — Rosenberg ResearchBullishDavid LinShort-dated paper offers nearly 3% real yield and attractive cash flow with minimal duration risk, serving as…
Show all 288 mentions
DateVoiceStanceVenueThesis
2026-08-31Aswath DamodaranProfessor of finance, NYU SternBullishWealth Building Blueprint – Vladyslav GrabarskyyAt 5-5.5% yield, Treasuries provide reliable near-risk-free cash flows and raise the required return hurdle…
2026-08-31Marc FaberEditor, Gloom Boom & Doom ReportBearishWealthionPersistent inflationary pressures — including energy and food — are structural and make lower interest rates…
2026-08-31Gregory DacoBullishBloomberg SurveillanceToday's inflation is supply-side — driven by tariffs, elevated oil prices, and AI investment costs — none of…
2026-08-26Ben CarlsonDirector of institutional AM, Ritholtz WealthBullishA Wealth of Common Sense (Ben Carlson)The US will not face a sovereign debt crisis because it has the world's largest economy, the reserve…
2026-08-24Nick ColasCo-Founder, DataTrek ResearchBearishThe CompoundFour simultaneous forces keep real yields elevated and climbing — Fed QE unwind complete, higher neutral rate…
2026-08-21Michael HowellLiquidity strategist — CrossBorder CapitalShortRob Wallace | Bitcoin NewsNominal GDP growth running 6-8% annualised (fastest since early 1980s) must eventually be priced into the…
2026-08-20David RosenbergEconomist — Rosenberg ResearchBullishWealthionThe front end of the yield curve is still pricing at least one more Fed hike that Rosenberg believes will…
2026-08-19Ben CarlsonDirector of institutional AM, Ritholtz WealthBullishThe CompoundSticky inflation anchoring the US in a 3%-world makes the current 3% real TIPS yield historically exceptional…
2026-08-18David WooIndependent macro strategist (ex-BofA)BullishWealthionFive-year yields are too high given that the Fed is unlikely to hike with growth slowing and inflation…
2026-08-18Gabriela SantosBullishBloomberg Open InterestLong-end yield volatility is being driven by a term premium reset from surging government and corporate debt…
2026-08-17Ed YardeniPresident, Yardeni ResearchBullishWealthionAt current yields around 4.5%, bonds offer attractive fixed income compensation relative to recent history
2026-08-13Michael HowellLiquidity strategist — CrossBorder CapitalBearishMacro VoicesNominal GDP growth running at 6–8% driven by fiscal spending, the AI boom, and deglobalization capex…
2026-08-13Raoul PalCo-founder, Real Vision; ex-GLG PMBullishRaoul Pal The Journey ManLiquid, homogeneous fixed-income and yield products are a natural fit for tokenization — faster settlement…
2026-08-11Michael HowellLiquidity strategist — CrossBorder CapitalBearishThe Julia La Roche ShowNominal GDP running 7–8% is structurally incompatible with 10-year yields at 4.7%; Treasury front-end…
2026-08-10Jim CaronBearishBloomberg SurveillancePassive fixed income has returned near zero over five years, now positively correlates with equity drawdowns…
2026-08-09Lyn AldenIndependent macro strategistBearishThe Gwart ShowThe Bitcoin treasury company fad has peaked; smaller entrants lack the liquidity network effects and…
2026-08-08Jeremy GranthamCo-founder & long-term strategist, GMOBullishLifeWorthLivingRule #1 is diversification; holding bonds providing ~5% yield is a fixed-income counterweight when equities…
2026-08-04Jesse FelderAuthor, The Felder ReportBullishWealthionMeaningfully tightening financial conditions — the only path to killing inflation — requires stocks and long…
2026-08-03Jeffrey GundlachCEO/CIO, DoubleLine CapitalBullishDoubleLine CapitalThe riskiest borrowers have migrated out of public high yield into private credit and bank loans, leaving the…
2026-08-01Luke GromenMacro strategist — founder, FFTTNeutralThe Bullion BriefWith equity valuations at extreme CAPE multiples and multiple simultaneous tail risks (Japanese bonds, UK…
2026-07-28Louis Vincent GaveCo-founder & CEO, GavekalBearishLouis-Vincent GaveJapanese GPIF repatriation under Ministry of Finance direction will force massive selling of US Treasuries…
2026-07-28Louis Vincent GaveCo-founder & CEO, GavekalBearishLouis-Vincent GaveBrazil's central bank fought inflation aggressively (having lived through 1990s hyperinflation) producing…
2026-07-27Michael HowellLiquidity strategist — CrossBorder CapitalBullishFoundation for the Study of Cycles (FSC)As the liquidity cycle peaks and begins contracting, bonds progressively replace equities and commodities…
2026-07-27Tom Lee (Fundstrat)Co-founder & head of research, FundstratBullishTom LeeInflation will undershoot consensus expectations because the oil shock has already peaked and the underlying…
2026-07-24Steven FeldmanCo-Founder & CEO, GBIBearishWealthionInflation is the US government's only realistic path out of a $40T debt load, which makes fixed-rate bonds a…
2026-07-23Luke GromenMacro strategist — founder, FFTTShortMacro VoicesJapan, Germany, Korea, UK, and US—historically creditor nations—are simultaneously turning borrowers for…
2026-07-13Chris CaseyManaging Director, WindRock Wealth ManagementBearishWealthionRates are structurally biased higher due to Warsh's inflation mandate, Fed balance sheet reduction, and the…
2026-07-11Chris WhalenBanking analyst — Whalen Global AdvisorsBearishJulia La Roche ShowEconomy running hot with ~7% deficit-to-GDP government spending and war-driven inflation gives the Fed no…
2026-07-10Louis Vincent GaveCo-founder & CEO, GavekalBearishLouis-Vincent GaveStructural bond bear market driven by governments running 4-7% fiscal deficits at full employment, persistent…
2026-07-10Peter BoockvarCIO, OnePoint BFG Wealth PartnersBearishLouis-Vincent GaveA clear global bond bear market is underway as JGB yields hit 29-year highs and French OAT and UK gilt yields…
2026-07-07Camilla AsarogluBullishBloomberg TelevisionShort-term yields have risen to attractive levels and money market funds are at all-time highs; the recent…
2026-07-07Adrian ZuercherHead of Global Asset Allocation, UBS Global Wealth ManagementBullishBloomberg TelevisionToo much rate-hike risk is priced in globally; the Fed is unlikely to hike and will eventually cut, while…
2026-07-07Wei LiGlobal Chief Investment Strategist, BlackRock Investment InstituteBearishBloomberg TelevisionIn a higher-for-longer rate environment EMD offers attractive income with better risk-adjusted…
2026-07-06Russ BrownbackDeputy CIO & Head of Global Macro, BlackRockBullishBloomberg TelevisionEM debt offers great opportunities because countries are now trading on idiosyncratic fundamentals rather…
2026-07-02Rick RiederCIO of Global Fixed Income, BlackRockNeutralBloomberg TelevisionEuro-area growth is tangibly slowing while markets have significant rate hikes priced in, making European…
2026-06-30Chad MorganlanderPM, Washington Crossing AdvisorsBearishYahoo FinanceHY credit spreads are at historically tight levels comparable to 2007 and 1999, reflecting QE-driven…
2026-06-30Danielle Dimartino BoothCEO & Chief Strategist, QI ResearchBullishAdam Taggart | Thoughtful Money®Market expectations for a 2026 rate hike are wrong — imminent negative month-over-month CPI prints and…
2026-06-29Joe Terranova (Virtus)Chief market strategist, VirtusBullishCNBC Halftime Final TradesOil falling back to $70 will flow through to CPI prints, giving the Fed no justification to hike; yields have…
2026-06-29Bob SheehanFounder & CIO, Lighthouse MacroShortForward GuidanceSupply overhang, returning term premium, declining foreign buyer participation, and the fiscal doom loop…
2026-06-26Michael HowellLiquidity strategist — CrossBorder CapitalBullishDavid LinTIPS currently yield over 2% real, which historically is difficult to beat in real terms from financial…
2026-06-25Jeremy GranthamCo-founder & long-term strategist, GMOBullishThe Diary Of A CEOWith ~4.5-5% yields available on US government and high-grade corporate bonds, fixed income offers a…
2026-06-23Tom Lee (Fundstrat)Co-founder & head of research, FundstratBearishTom LeeThe 2-year Treasury yield leads Fed funds by ~60bps (two hikes' worth), signaling the Fed must tighten and…
2026-06-22George BoryFixed income strategist, AllspringBullishCNBC Halftime Final TradesFed will remain on hold as data unfolds and oil/Iran uncertainty clears, making elevated yields at the 5-year…
2026-06-18Jeffrey GundlachCEO/CIO, DoubleLine CapitalNeutralDoubleLine CapitalEM local currency bonds have been the best-performing asset class year-to-date for dollar-based investors…
2026-06-16Dror PolegAuthor and economic commentatorBullishWealthionEquity upside/downside ratio has deteriorated after a multi-year run, making a defensive >50% treasury…
2026-06-15Dan IvascynGroup CIO, PIMCOBearishThe CompoundAI disruption will produce a steady stream of credit losses in traditional services sectors — independent of…
2026-06-11Michael Green (Simplify)Chief Strategist & PM, SimplifyBearishWealthionHedge funds are exploiting a ~10–20bps mispricing between Treasury futures and off-the-run issues at 50:1…
2026-06-11Luke GromenMacro strategist — founder, FFTTBearishForward GuidanceGlobal bond yields are breaking out in every major market except China as the Iran war drives oil and…
2026-06-03Michael HowellLiquidity strategist — CrossBorder CapitalNeutralWealthionCarry on 5-year bonds at current yield levels is sufficient to offset likely yield increases, providing…
2026-06-02Michael HowellLiquidity strategist — CrossBorder CapitalNeutralJulia La Roche ShowAt current yields, mid-duration (2-5yr) treasuries carry low enough duration risk that a rate rise would not…
2026-06-01Nouriel RoubiniEconomist; professor emeritus, NYU SternBullishSALTShort-duration TIPS reprice for inflation and avoid the duration risk that kills nominal long bonds in a…
2026-05-31Ben FelixCIO, PWL CapitalNeutralinterviewPublicly-traded high-yield bond ETFs deliver comparable total returns to private credit funds while offering…
2026-05-30Chris WhalenBanking analyst — Whalen Global AdvisorsBearishJulia La Roche ShowTIPS are pricing only 2-3% inflation while Whalen expects double-digit inflation driven by commodity…
2026-05-28George Goncalves (MUFG)Bond market strategistBullishWealthionTwo-year Treasuries offer attractive yield competitive with money markets and will outperform long-duration…
2026-05-28Patrick Ceresna (Macro Voices)Co-host, MacroVoices & Market HuddleBearishMacro VoicesUnresolved Strait of Hormuz closure keeps energy-driven inflation elevated, preventing yields from declining…
2026-05-28Gabriela SantosBullishBloomberg Open InterestThe front end of the US yield curve is pricing in a full Fed rate hike over the next 12 months, which is…
2026-05-27Michael Green (Simplify)Chief Strategist & PM, SimplifyBullishWealthionPassive investing mechanics have mechanically suppressed demand for long-duration Treasuries—not fundamental…
2026-05-25Manoj PradhanFounder, Talking Heads MacroBearishHidden ForcesAging demographics create structural upward pressure on real rates through two persistent channels—rising…
2026-05-22Jim BiancoMacro strategist — Bianco ResearchBullishWealthionTIPS are paying 2.5–3% real yield on top of current 3.8% inflation, offering total returns of ~6%+ with…
2026-05-21Daniel LacalleChief Economist & CIO, TressisBearishWealthionGovernments continue issuing excess currency to fund structural deficits, keeping inflation persistent, which…
2026-05-20Jim BiancoMacro strategist — Bianco ResearchBullishWealthionAll-in yields on investment grade bonds near 5% offer an acceptable risk-adjusted return with principal…
2026-05-19George NobleFormer Fidelity & hedge fund managerBearishJulia La Roche ShowBrazil offers 14% nominal yields, 10% real rates, and an undervalued appreciating currency versus US bonds…
2026-05-19Ben FelixCIO, PWL CapitalBearishBiggerPockets Money and Ben FelixNominal bonds carry high real-return risk over very long horizons because they are not inflation-adjusted…
2026-05-19David De BoltzBullishBloomberg Open InterestHPC-sector high-yield bonds have returned 10% YTD versus 2% for the broad HY index — 800bps of outperformance…
2026-05-17Michael Green (Simplify)Chief Strategist & PM, SimplifyBullishMichael GreenAt a 5% nominal yield, 30-year Treasuries allow retirees to live entirely off coupon income without touching…
2026-05-14Patrick Ceresna (Macro Voices)Co-host, MacroVoices & Market HuddleBearishMacro Voices10-year yields have broken out to multi-month highs driven by oil-price inflation fears, trend is higher…
2026-05-14Jeffrey GundlachCEO/CIO, DoubleLine CapitalNeutralDoubleLine CapitalPoor-quality leveraged borrowers have migrated out of the public high yield market and into private credit…
2026-05-07Jeffrey GundlachCEO/CIO, DoubleLine CapitalNeutralBloomberg PodcastsPrivate credit stress has not yet spilled into public high yield as theorized by private credit bulls, with…
2026-05-05Purnima PuriBullishBloomberg The CloseStrong corporate earnings, low default rates outside AI-disrupted software/IT sectors, and elevated base…
2026-04-30Rob ArnottFounder & chairman, Research AffiliatesBearishMoney Maze PodcastEM bond yield spreads remain more attractive than US high yield, offering a rich opportunity set that is…
2026-04-30Ben FelixCIO, PWL CapitalBearishThe Diary Of A CEO and Ben FelixBonds are riskier than conventionally believed for long-term investors because high inflation periods…
2026-04-28Paul Tudor JonesFounder/CIO, Tudor Investment CorpBearishInvest Like The BestThe US is clearly in a sovereign debt bubble, and a significant equity market mean-reversion would blow out…
2026-04-28Steven WietingChief investment strategist, Citi WealthBullishCNBC Closing Bell OvertimeAI CapEx boom plus a Hormuz supply shock together push toward higher nominal growth skewed toward inflation…
2026-04-27John SheehanPartner & Portfolio Manager, Osterweis Capital ManagementBullishOdd LotsThe HY market has dramatically improved in quality as riskier credits migrated to private credit and…
2026-04-20David WooIndependent macro strategist (ex-BofA)ShortinterviewA war-driven oil price shock will push long-end bond yields higher even as the Fed refuses to hike, as…
2026-04-18Chris WhalenBanking analyst — Whalen Global AdvisorsBearishJulia La Roche ShowWith inflation running well above T-bill yields and no Fed cuts expected, holders are locking in a guaranteed…
2026-04-14Bill AckmanCEO, Pershing SquareBullishPershing SquareA planned fund that parks capital in short-term US Treasuries whose interest income funds asymmetric macro…
2026-04-09Jim BiancoMacro strategist — Bianco ResearchBearishMacro VoicesThe US has failed to hit its 2% inflation target for five consecutive years and is now structurally in a ~3%…
2026-03-31Jeffrey GundlachCEO/CIO, DoubleLine CapitalBearishinterviewPrivate credit defaults will cascade into significant repricing of single-B and below; current HY spreads at…
2026-03-18Howard MarksCo-chairman, Oaktree CapitalBearishBloomberg TelevisionGoogle issuing 100-year bonds at 5.8% exemplifies peak market optimism and credulousness, making such…
2026-03-12Jim BiancoMacro strategist — Bianco ResearchBearishMacro VoicesGasoline up 18% in 9 days will push March CPI to 6-7% annualized and keep year-over-year inflation above 3%…
2026-03-10Luke GromenMacro strategist — founder, FFTTBearishGoldfinger CapitalJGBs already traded like an emerging-market asset in H2 last year with yields rising while the yen fell…
2026-03-10Michael Green (Simplify)Chief Strategist & PM, SimplifyBullishMichael GreenPassive index mechanics create a structural ~40% underweight in longer-duration bonds as falling prices…
2026-03-09Mohamed El-ErianChief economic adviser, AllianzBearishCNBC TelevisionEuropean central banks with a single mandate will be forced to hike rates in response to the oil-driven…
2026-03-06Ed YardeniPresident, Yardeni ResearchNeutralFox BusinessWith the economy performing well and the Fed unlikely to cut rates, a 4–4.5% 10-year yield is a fair, healthy…
2026-03-05David RosenbergEconomist — Rosenberg ResearchBullishAdam Taggart | Thoughtful Money®Real rates are attractive and inflation expectations are set to drop measurably by year-end, making…
2026-03-02Mohamed El-ErianChief economic adviser, AllianzNeutralCNBC TelevisionStagflationary pressure from the Iran conflict combined with hot inflation prints (ISM prices paid spike…
2026-03-02Jeffrey GundlachCEO/CIO, DoubleLine CapitalBearishDoubleLine CapitalStable Latin American countries offer real economy exposure with currency upside as dollar weakens, and…
2026-02-28Stanley DruckenmillerChairman/CEO, Duquesne Family OfficeBearishDruckenmiller OfficialDefault rates are climbing and credit spreads are widening as companies that borrowed cheaply now face…
2026-02-27Aswath DamodaranProfessor of finance, NYU SternBearishMeb FaberCompanies holding Bitcoin on their balance sheets misuse the stabilizing function of cash, turning a risk…
2026-02-11Luke GromenMacro strategist — founder, FFTTBearishWise Metals InvestorChina has been unwinding Treasury holdings since 2013 and is now openly directing banks to reduce exposure…
2026-02-09Mohamed El-ErianChief economic adviser, AllianzBullishCNBC TelevisionAI-driven productivity gains raise the economy's non-inflationary speed limit, reducing inflation pressure…
2026-02-06Jim ChanosShort seller — Chanos & Co (family office)ShortRiskReversal MediaMicro Strategy and similar crypto treasury companies traded at massive premiums to their underlying Bitcoin…
2026-01-29Jeffrey GundlachCEO/CIO, DoubleLine CapitalShortinterviewJapanese 40-year yield spiked 25 bps in a day, signaling a global bond market regime shift where sovereign…
2026-01-20David RosenbergEconomist — Rosenberg ResearchBullishJeffrey GundlachFed is far behind the curve with unemployment heading to 6% and core inflation ex-tariffs near 2.2% and…
2026-01-20Luke GromenMacro strategist — founder, FFTTBearishNatalie BrunellChina is deliberately weaponizing trade leverage against Japan — strengthening the yuan, restricting dual-use…
2026-01-14Luke GromenMacro strategist — founder, FFTTBearishJoe BurnettJGBs are exhibiting EM-like dynamics where rising yields and a weakening yen move together, signaling the…
2026-01-11Grant WilliamsFinancial writer & podcast hostBearishGrant Williams PodcastAfter the US confiscated Russia's dollar reserves via SWIFT, sovereign actors can no longer trust Treasuries…
2026-01-09Rick RiederCIO of Global Fixed Income, BlackRockBullishBloomberg PodcastsPost-jobs-report cheapening in the front-to-belly of the curve offers a better entry while that segment most…
2026-01-08Ray DalioFounder, Bridgewater AssociatesBullishinterviewAs governments monetize debt and devalue currencies, TIPS guarantee a real return of roughly 2% above…
2025-12-31Lacy HuntChief economist, Hoisington InvestmentBearishLifeWorthLivingTariff-induced margin squeeze reduces corporate liquidity, while deteriorating capital account reduces the $5…
2025-12-15Louis Vincent GaveCo-founder & CEO, GavekalBullishLouis-Vincent GaveTrump's Monroe Doctrine pivot — underwriting Argentina, pressuring Venezuela, redirecting strategic focus to…
2025-12-10Jeffrey GundlachCEO/CIO, DoubleLine CapitalBullishDoubleLine CapitalThe belly of the Treasury curve (2-7yr) is the performance driver — a leveraged 2-year Treasury has blown…
2025-12-02Grant WilliamsFinancial writer & podcast hostBearishGrant Williams PodcastForeign central bank demand for Treasuries peaked around 2014 and has been declining ever since, replaced by…
2025-11-30Bill AckmanCEO, Pershing SquareBullishUnreleased PodcastT-bills currently yield over 4%, making the opportunity cost of holding cash low while preserving optionality…
2025-11-28Russell NapierMarket strategist & financial historianBearishPrime QuadrantAs surplus countries repatriate capital home to fund indigenous industrial policy and buy their own…
2025-11-18Lyn AldenIndependent macro strategistBullishinterviewAt sub-1.5× MNAV the leading Bitcoin treasury names have shed the summer excess and sit in a reasonable…
2025-11-17Jeffrey GundlachCEO/CIO, DoubleLine CapitalNeutralinterviewEM fixed income is the top-performing fixed income sector year-to-date for dollar-based investors and…
2025-11-03Jeffrey GundlachCEO/CIO, DoubleLine CapitalBullishinterviewDollar weakness translates directly into currency gains on unhedged EM local-currency exposure, stacking on…
2025-10-29Jeffrey GundlachCEO/CIO, DoubleLine CapitalBullishCNBC TelevisionThe Fed has cut 150bps but the 2-year is only down 5bps while the 10-year is up since September 2024 cuts…
2025-10-29Scott MelkerHost, The Wolf of All StreetsBullishWealthionSolana and Ethereum treasury companies can structurally beat their underlying assets by 10–20% annually by…
2025-10-23Brett RentmeesterCIO, Jaggi Family OfficeBearishWealthionJunk-bond spreads over Treasuries are near historical lows (~2–2.5%), so investors are not being compensated…
2025-10-22Jim ChanosShort seller — Chanos & Co (family office)ShortBloomberg PodcastsStrategy 'wannabe' companies that adopted Bitcoin treasury models have already collapsed below 1.0x NAV…
2025-10-16Mohamed El-ErianChief economic adviser, AllianzBullishCNBC TelevisionConcerns about credit quality, regional banks, and alternative asset managers are driving financial stability…
2025-10-14Larry FinkChairman/CEO, BlackRockBullishCNBC TelevisionThere is $4.1 trillion sitting in digital wallets globally and tokenizing traditional assets like ETFs allows…
2025-10-14Paul Tudor JonesFounder/CIO, Tudor Investment CorpShortBloomberg PodcastsFiscal deficits of 6% of GDP, a politically driven push to cut Fed funds to 2.25–2.5%, and eventual inflation…
2025-10-11Patrick BoyleFinance professor; ex-hedge fund managerBearishinterviewBonds rallied on US ESF intervention and Bessent's support announcement, but the bailout lacks enforceable…
2025-10-08Michael HowellLiquidity strategist — CrossBorder CapitalBearishWealthionMonetary inflation structurally devalues paper money and nominal bonds; real returns on government bonds will…
2025-09-26Steve RomickPortfolio Manager, FPA Crescent Fund, First Pacific AdvisorsBearishThe CompoundHY spreads at 300bps are 200bps tighter than the 500bps historical average, yields at 7.1% are ~100bps below…
2025-09-23Marco SantoriCEO, SolmateBullishMike NovogratzDigital asset treasury companies will structurally replace the traditional foundation model for stewarding…
2025-09-19Bill AckmanCEO, Pershing SquareShortPermCap Investment OfficeMBIA's AAA rating masked near-insolvency because its thin capital base was guaranteeing subprime mortgages…
2025-09-11Quinn ThompsonFounder & CIO, Lekker CapitalBearishForward GuidanceWith fiscal deficits running at 6%+ annually, rate cuts poised to reignite inflation, and the crowding-out of…
2025-09-09Rick RiederCIO of Global Fixed Income, BlackRockBullishCNBC TelevisionReal rates out to 5 years are genuinely attractive with inflation running ~3% and nominal yields still near…
2025-09-05Emily WoodNeutralWealthionRate-cut uncertainty keeps the long end elevated while the Fed only controls the short end, so floating rate…
2025-09-03Ben KizemchukPortfolio Manager, Wellington-Altus Private CounselBearishForward GuidanceFinancial repression keeps real rates suppressed while inflation anchors around 3.5%, making government bonds…
2025-09-01Marvin BarthFounder, Thematic MarketsBearishHidden ForcesLocalization forces a rebuild of domestic capital stock, permanently raising investment demand while…
2025-08-27Alfonso PeccatielloFounder, The Macro CompassBearishForward GuidancePolitical capture of the FOMC pushes Fed funds toward neutral while nominal growth stays above neutral due to…
2025-08-25Dave CollumProfessor of Chemistry, Cornell UniversityNeutralWealthionCapital preservation in T-bills out to 2 years provides liquidity and optionality to deploy into assets after…
2025-08-21Howard MarksCo-chairman, Oaktree CapitalBullishBloomberg PodcastsCredit offers contractual returns approaching 6%+ with defensive downside protection versus elevated equity…
2025-08-21Felix JauvinCo-host, Forward Guidance (Blockworks)BearishForward GuidanceLong-end yields move higher over the next three weeks regardless of Jackson Hole outcome due to structural…
2025-08-20Howard MarksCo-chairman, Oaktree CapitalBullishBloomberg TelevisionCredit offers a contractual promised return in the high single digits that is highly likely to deliver…
2025-08-16Aswath DamodaranProfessor of finance, NYU SternNeutralExcess ReturnsBond income generates taxable cash flows that erode after-tax returns, making bonds inferior to equities for…
2025-08-13Seth GinnsCIO, Franklin CryptoBullishWealthionDATs are in the early seeding phase of becoming permanent-capital vehicles that bridge traditional finance…
2025-08-12Mike NovogratzFounder/CEO, Galaxy DigitalBearishNatalie BrunellWhile MicroStrategy succeeded by building a unique identity beyond just Bitcoin exposure, the flood of…
2025-08-10Felix JauvinCo-host, Forward Guidance (Blockworks)BearishForward GuidanceA tariff reversal forces ~$100B in reimbursements plus eliminates ~$400B in annual revenue, blowing out the…
2025-08-07Edward ChancellorColumnist, Reuters BreakingviewsBearishHidden ForcesGovernment bonds are mislabeled as risk-free assets; at the end of the debt supercycle they are backed by…
2025-08-04Mark MobiusEM investor — ex-Franklin TempletonBullishinterviewEquity valuations are stretched globally and a correction is likely, while US Treasuries offer a safe 4-5%…
2025-07-30Michael BatnickManaging Partner, Ritholtz WealthBearishThe Compound98 companies announcing $43B+ in capital raises purely to buy Bitcoin constitutes leveraged dumb-money frenzy…
2025-07-23Scott BessentSecretary of the Treasury, U.S. Department of the TreasuryBullishAll-In PodcastGENIUS Act stablecoin legislation requires backing in sub-90-day instruments, which Bessent believes will…
2025-07-21Brett RentmeesterCIO, Jaggi Family OfficeBearishWealthionWith global debt levels at extremes and governments structurally printing money, bonds face a potential…
2025-07-07Tom Lee (Fundstrat)Co-founder & head of research, FundstratBullishForward GuidanceTreasury vehicles are structurally more attractive than ETFs over time because they offer leveraged…
2025-07-02Marko PapicGeopolitical macro strategistBullishWealthionThe Big Beautiful Bill stabilizes rather than expands the deficit, tariffs will stay modest enough to collect…
2025-06-30RizzoBullishForward GuidanceBitcoin treasury companies exploit structural market asymmetries in every capital market globally —…
2025-06-27Andy SchwartzCo-Founder & Managing Partner, Bleakley Financial GroupBearishWealthionEven if the Fed cuts short rates, long-end yields may stay elevated or rise because bond market investors…
2025-06-27Tyler NevilleTrader, Muddy Waters CapitalBullishForward GuidanceDearth of new high yield issuance forces managers to reinvest income right back into HY, creating a…
2025-06-17Christopher PerkinsHead of Franklin Crypto, Franklin TempletonBullishWealthionLayer-one blockchains (ETH, SOL) emit native yields that can be structured into fixed income and structured…
2025-06-10Michael HowellLiquidity strategist — CrossBorder CapitalBearishWealthion5% is the new structural normal for 10-year yields — the mortgage-backed securities market implies fair value…
2025-06-06Kevin GrimesCEO & CIO, Grimes & CompanyBullishWealthionWith the 10-year Treasury near 4.5%, bonds now offer a yield competitive with S&P 500 earnings yield at far…
2025-06-04Jim BiancoMacro strategist — Bianco ResearchBullishForward GuidanceAt 5% yields, bonds offer a '5% return with less volatility' versus equities' expected ~6% with far greater…
2025-06-02Chris CaseyManaging Director, WindRock Wealth ManagementBearishWealthionLong-dated bonds are highly sensitive to interest rate moves and heading into a recession with potentially…
2025-05-23Kevin GrimesCEO & CIO, Grimes & CompanyNeutralWealthionCredit spreads remain tight (no recession priced), high yield has delivered lower volatility than Treasuries…
2025-05-21Kevin MuirIndependent trader — The Macro TouristBearishForward GuidanceExpanding US fiscal deficits, foreign capital repatriation reducing overseas demand, and record-long…
2025-05-19Jim RogersChairman, Rogers HoldingsBearishWealthionInflation has not ended globally and massive US debt burdens will force long-term interest rates materially…
2025-05-16Alexis MillerDirector of Investment Research, Bleakley Financial GroupBullishWealthionHigh-yield spreads have compressed from ~150bps to near-historic-tight levels, meaning investors are not…
2025-05-14Tavi CostaPartner, Crescat CapitalBullishWealthionFed stubbornness while the economy slows or contracts will force a sharp drop in the 2-year yield toward a…
2025-05-09Quinn ThompsonFounder & CIO, Lekker CapitalBullishForward GuidanceFed cuts are delayed but not eliminated, pushing expectations further out the curve; 2-year has…
2025-04-25Danny DayanCIO, DWD PartnersShortForward GuidanceDollar doom loop and sticky inflation mean bond market is pricing only the weak-growth side of stagflation…
2025-04-23Jonathan WellumCEO & CIO, RockLinc Investment PartnersShortWealthionDebt levels are enormous and rolling over, the Fed remains inflation-focused, foreign confidence in the…
2025-04-18Josh Brown (Ritholtz)CEO, Ritholtz Wealth ManagementBullishThe CompoundThe 4.5–5% 10-year yield is market-mechanic and foreign-flow driven, not fundamental; inflation is heading…
2025-04-16Howard MarksCo-chairman, Oaktree CapitalBullishOaktree CapitalHigh yield bonds currently yield 7.3% contractually, which compares favorably to S&P 500 expected low…
2025-04-16Ed YardeniPresident, Yardeni ResearchNeutralWealthionBond yields have normalized to their pre-GFC equilibrium of ~4.5% (2.25% TIPS + 2.25% inflation), so you earn…
2025-04-14Quinn ThompsonFounder & CIO, Lekker CapitalBearishForward GuidanceIn a decoupling, multipolar world the cost of capital rises globally, making sovereign bonds of any country…
2025-04-05Kyle BassFounder/CIO, Hayman CapitalBullishTorontoWealthGroupThe Fed will be late to cut rates as GDP prints turn negative and stagflationary, forcing the front end lower…
2025-04-04Tony GreerFounder, TG MacroBullishForward GuidanceThe 10-year yield has broken the 4.10% neckline of a clear head-and-shoulders pattern that targets 3.60%…
2025-04-01Bill MillerFounder, Miller Value Partners (retired)BearishBitcoin MagazineCompanies facing secular business decline can use excess cash to buy Bitcoin as a store of value, preserving…
2025-03-28Jeff ParkPartner, ParaFi CapitalBullishForward GuidanceCompanies holding 1,000+ BTC on their balance sheets (Block, Tesla, Metaplanet, Semler) offer Bitcoin…
2025-03-15Kevin GrimesCEO & CIO, Grimes & CompanyNeutralWealthionAt 4.3% yield, the 10-year is fairly valued relative to expected nominal GDP (GDP growth ~2-2.5% plus…
2025-03-13David IbenCIO, Kopernik Global InvestorsBearishWealthionWith US annual interest costs near $1 trillion and deficit spending requiring eventual monetization, the bond…
2025-03-13Paul DietrichBullishFox Claman CountdownAs the business cycle turns toward recession, shifting equity exposure into bonds provides defensive capital…
2025-03-13David StreskiBullishFox Claman CountdownProfit-taking from equities amid tariff-driven volatility should be redeployed into treasuries as a near-term…
2025-03-11Margie PatelBullishBloomberg SurveillanceHY bonds yielding ~6.5% with only ~3-year duration offer returns comparable to equity expectations for 2025…
2025-03-11Steve Weiss (Short Hills)Founder, Short Hills Capital PartnersBullishBloomberg SurveillancePolicy uncertainty and economic weakness are pushing yields down, and the Trump administration is not opposed…
2025-03-08Chamath PalihapitiyaFounder, Social CapitalBullishAll-In PodcastTrump is deliberately tolerating equity market weakness to benefit Main Street, which triggers…
2025-03-05Jeff DegraafFounder & Chairman, Renaissance Macro ResearchBullishForward Guidance10-year yields are capped at 5% with a floor near 3.50% and are currently oversold within a neutral trend…
2025-03-03Tom Lee (Fundstrat)Co-founder & head of research, FundstratBullishTom LeeTariffs are proving deflationary by sapping consumer confidence, which should force the Fed off its hawkish…
2025-02-24Callie CoxChief Market Strategist, Ritholtz Wealth ManagementBullishThe CompoundShorter-duration treasuries offer a cleaner economic-weakness hedge than the 10-year because the long end…
2025-02-13Nouriel RoubiniEconomist; professor emeritus, NYU SternBullishAdam Taggart | Thoughtful Money®TIPS principal adjusts directly with realized inflation, providing explicit protection against his base case…
2025-02-12Andreas Steno LarsenFounder & CEO, Steno ResearchBullishForward GuidanceThe Truflation real-time inflation measure has reverted to September-October 2024 levels when the 10-year…
2025-02-07David RosenbergEconomist — Rosenberg ResearchBullishWealthionT-bills yield 4–4.5% with zero duration risk and zero capital risk, making cash a genuine risk-adjusted…
2025-01-31Quinn ThompsonFounder & CIO, Lekker CapitalBearishForward GuidanceWith 100bps of cuts, fiscal deficits at 6%+, credit and manufacturing reflating, and bank lending…
2025-01-29Brett RentmeesterCIO, Jaggi Family OfficeBullishWealthionRolling short-term Treasuries at current rates provides attractive liquid yield while avoiding the duration…
2025-01-25Bob ElliottCEO & CIO, Unlimited FundsBullishThe CompoundTIPS are offering a 2.5% real yield with zero default risk, the most attractive level in roughly 25 years…
2025-01-25Joe DuranCEO, Rise Growth PartnersBullishWealthionBonds have pulled back from 4.8% to 4.4-4.5% on the 10-year, making rebalancing into fixed income attractive…
2025-01-23Brad GerstnerFounder & CEO, Altimeter CapitalBullishBg2 PodInflation will not reignite, so rates are at or near a cyclical peak over the next few months.
2025-01-20Stanley DruckenmillerChairman/CEO, Duquesne Family OfficeShortCNBC TelevisionFed cut was a policy mistake that risks re-igniting animal spirits and inflation, compounded by a…
2025-01-15Chris VermeulenFounder & Chief Investment Strategist, The Technical TradersBearishWealthionThe 40-year falling-rate cycle has ended and Fibonacci extensions on the long-term chart project a new upward…
2025-01-10Quinn ThompsonFounder & CIO, Lekker CapitalBullishForward GuidanceThe 2-year yield is effectively hard-capped at the fed funds rate because rate hikes are off the table, while…
2025-01-09Mohamed El-ErianChief economic adviser, AllianzBearishWalker & DunlopSticky inflation, a resilient economy largely immune to rate hikes, ongoing QT reducing Fed balance sheet…
2025-01-08Kyle BassFounder/CIO, Hayman CapitalBullishAmerican Thought Leaders - The Epoch TimesChinese bond yields collapsing below 2% (10yr ~1.75%, 30yr sub-2%) signal China is in recession, confirming…
2025-01-03Steven FeldmanCo-Founder & CEO, GBIBearishWealthionEndemic inflation above 3%, $8 trillion in 2025 debt rollovers, massive corporate re-issuance, and…
2024-12-28David CervantesFounder, Pinebrook Capital ManagementBullishForward GuidanceA newly hawkish Fed will extinguish the last mile of inflation more quickly, which paradoxically puts a bid…
2024-12-20Sven CarlinFounder, Sven Carlin Research PlatformBullishWealthion4% risk-free T-bill yield with zero downside offers clearly superior risk/reward versus S&P 500's 1% yield…
2024-12-17Jeffrey GundlachCEO/CIO, DoubleLine CapitalBullishFuture ProofFed is far behind the curve and will cut aggressively, driving short-to-medium yields sharply lower while…
2024-12-11Henrik ZebergHead Macroeconomist, SwissblockBearishWealthionYields are at an inflection point and will decline strongly as the economy deteriorates, mirroring October…
2024-12-10Jared DillianAuthor, The Daily DirtnapBullishWealthionPost-election bond selloff assumed Trump would blow out the deficit like his first term, but Bessent's…
2024-11-30Ram AhluwaliaCEO, Lumida WealthNeutralWealthionAgency MBS is mispriced relative to risk: implicitly backed by the full faith and credit of the US government…
2024-11-28Ram AhluwaliaCEO, Lumida WealthBullishWealthionAgency MBS carry an implicit US government guarantee but yield approximately 250 basis points over comparable…
2024-11-27Ron WilliamFounder & Market Strategist, RW AdvisoryBearishWealthionStructural inflation resurgence driven by fiscal expansion and rolling waves of price pressure (1970s analog)…
2024-11-25Cliff AsnessCo-founder/CIO, AQR CapitalBullishinterviewApplying the same quantitative value, quality, and momentum factors used in equities to corporate credit…
2024-11-22Meb FaberCo-founder & CIO, CambriaBullishLead-Lag MediaCorporate and other risky bond spreads over T-bills are near 30-year lows, meaning investors are not being…
2024-11-15David RosenbergEconomist — Rosenberg ResearchBullishWealthionTrump ran vocally on a disinflation platform, post-election bond yields have already overshot, and when the…
2024-11-12Bob ElliottCEO & CIO, Unlimited FundsBearishWealthionCentral banks are cutting rates into a strong economy (not a crisis), which is overly easy monetary policy…
2024-11-08Katie StocktonTechnical strategist — FairleadBullishThe CompoundPost-election spike in Treasury yields is overdone relative to the pace at which tariff and fiscal policy can…
2024-11-06Stanley DruckenmillerChairman/CEO, Duquesne Family OfficeShortinterviewFed cut 50bp into historically loose financial conditions (gold at new highs, equities roaring, credit…
2024-11-06Cem KarsanFounder & CIO, Kai Volatility AdvisorsBearishForward GuidancePopulism-driven fiscal spending and protectionism mirror the 1960s-70s secular inflation cycle, creating…
2024-11-01Michael BingerPresident, Gradient InvestmentsBearishWealthionInflation is likely stuck in a 2.5–4% band for three to five years rather than re-accelerating, making the…
2024-10-24Brett RentmeesterCIO, Jaggi Family OfficeBullishWealthionWith interest rates potentially rising in a re-inflationary environment, duration risk is a major bond…
2024-10-22Jared DillianAuthor, The Daily DirtnapBearishWealthionMassive fiscal issuance from either election winner, Fed rate cuts reigniting inflation psychology, and a…
2024-10-16Stanley DruckenmillerChairman/CEO, Duquesne Family OfficeShortBloomberg TelevisionThe Fed cut 50bps into a financial melt-up with equities, gold, and crypto at record highs, fiscal expansion…
2024-10-07Bob ElliottCEO & CIO, Unlimited FundsBearishHidden ForcesEasy monetary policy supporting nominal GDP growth structurally erodes the real value of money, making bonds…
2024-10-03Chris CaseyManaging Director, WindRock Wealth ManagementBullishWealthionNear-term Fed rate cuts will support shorter-duration bonds but yields will eventually tick higher as…
2024-10-02Harley BassmanManaging Partner, Simplify Asset ManagementShortForward GuidanceMOVE at 95-100 while 1-month realized bond vol is only 68 — a ~40% premium vs the historical 8-12% norm for…
2024-10-01Jeremy SchwartzGlobal CIO, WisdomTreeBullishWealthionShort-duration bonds hedge portfolio against the scenario where inflation re-accelerates and forces the Fed…
2024-09-21Tyler NevilleTrader, Muddy Waters CapitalBullishForward GuidanceUpgrades are exceeding downgrades for the fifth consecutive month, bank lending is re-inflecting, and rate…
2024-09-21Quinn ThompsonFounder & CIO, Lekker CapitalBearishForward GuidanceThe Fed front-loading cuts preemptively removes accommodation and re-accelerates the economy, which pushes…
2024-09-20Lauren GoodwinBullishBloomberg SurveillanceHigh quality high yield is 2024's best-performing fixed income sector given a constructive economic…
2024-09-19James LavishCo-Managing Partner, Bitcoin Opportunity FundBearishForward GuidanceWith money supply expanding at 7%+ annually, inflation will persistently exceed 30-year yields producing…
2024-09-14Jared DillianAuthor, The Daily DirtnapShortWealthion30-year yields at ~4% are grossly mispriced because fiscal policy will be inflationary regardless of which…
2024-09-13Richard KooChief Economist, Nomura Research InstituteBearishForward GuidanceChina is in a balance sheet recession where private-sector deleveraging forces money back into financial…
2024-09-05Jonny MathewsSenior Portfolio Manager, Fortem CapitalShortForward GuidanceIf the Fed cuts as aggressively as priced the economy will reaccelerate quickly, inflation is not fully…
2024-08-28Emily RolandBearishBloomberg SurveillanceHY spreads near 300bps (well below the 20-year average of 500bps) imply 12-month forward returns of only 0-1%…
2024-08-28Marilyn WatsonBullishBloomberg SurveillanceECB on track to cut rates again in September and roughly once a quarter thereafter, supporting Spanish…
2024-08-26Michael DruryShortForward GuidanceNominal US GDP growth remains near 4-5% and services inflation is sticky, meaning the Fed will keep rates…
2024-08-24Jared DillianAuthor, The Daily DirtnapBearishWealthionFed funds futures are pricing ~6 total rate cuts and ~3.5 cuts by year-end across just 3 remaining 2024…
2024-08-22Eric FinePortfolio Manager & Head of Active EM Debt, VanEckBearishForward GuidanceMinistry of Finance-owned entities like HNA and multinationals with offshore assets sold off to 60 cents on…
2024-08-21Howard MarksCo-chairman, Oaktree CapitalBullishOaktree CapitalThe sea change from declining/ultra-low rates to a normalized higher-rate regime makes credit instruments…
2024-08-21Jared DillianAuthor, The Daily DirtnapShortWealthionThe market has priced in roughly six Fed rate cuts while Dillian expects only one before year-end, making…
2024-08-20Steve HankeProfessor of Applied Economics, Johns Hopkins UniversityBullishWealthionQuantity theory of money predicts continued disinflation, which will pull 10-year yields further below their…
2024-08-08Brent JohnsonCEO, Santiago CapitalBearishForward GuidanceGlobal capital is pivoting from sovereign bonds to US equities for safety; yields are permanently higher as…
2024-08-06Mohamed El-ErianChief economic adviser, AllianzBearishinterviewThe fixed-income market overshot during the Monday panic selloff—with the 2-year moving 20 bps…
2024-08-02Felix JauvinCo-host, Forward Guidance (Blockworks)BullishForward GuidanceQRA showed reduced bill issuance driven by the QT taper, cutting net supply while forward inflation…
2024-08-01Danny DayanCIO, DWD PartnersBearishForward GuidanceAt 4% yield with nominal GDP running at 5.9%, the 10-year offers no term premium and is deeply mispriced…
2024-07-25Patrick CesnaCo-host, MacroVoicesNeutralMarko PapicBonds are acting as a partial safe haven and yields are drifting lower, but the outlook is not for a large…
2024-05-23Jeffrey GundlachCEO/CIO, DoubleLine CapitalBullishDoubleLine CapitalBelly of the curve provides recession/slowdown hedge with price upside in a Pavlovian bond rally while…
2024-04-05Cliff AsnessCo-founder/CIO, AQR CapitalBullishThe Meb Faber ShowReal yields on long TIPS have returned to historically normal positive levels (~2%), making them reasonably…
2023-12-20Warren BuffettChairman, Berkshire HathawayBullishOnefootHurdleWith ~$128 billion in cash equivalents, Berkshire systematically buys T-bills every Monday because yields…
2023-11-28Lyn AldenIndependent macro strategistBullishMark MossWith broad risk assets offering poor real returns, T-bills at current yields provide a competitive risk-free…
2023-10-04Howard MarksCo-chairman, Oaktree CapitalBullishDavid RubensteinHigher-for-longer interest rates now allow credit instruments to deliver equity-type returns (high single…
2023-10-03Marko PapicGeopolitical macro strategistBearishBloomberg TelevisionIf yields rise uncontrollably past 5% the Fed will be forced to intervene (yield curve control or…
2023-10-03Howard MarksCo-chairman, Oaktree CapitalBullishDavid RubensteinHigh yield bonds and leveraged loans now offer high single-digit returns competitive with equities while…
2023-09-27Mark MobiusEM investor — ex-Franklin TempletonBullishCNBC-TV18JPMorgan EM bond index inclusion will force global capital into Indian sovereign and bank bonds, permanently…
2023-09-06Jeremy GranthamCo-founder & long-term strategist, GMOBearishDavid RubensteinInflation has structurally re-set higher so interest rates will average above the prior decade's levels…
2023-09-03Brent JohnsonCEO, Santiago CapitalNeutralBrent Johnson Milkshakes Pod | Investing • FinanceEuropean sovereign yields are irrationally trading below the US risk-free rate; as capital flees to the…
2023-08-29Ben FelixCIO, PWL CapitalBullishinterviewLong-term inflation-indexed bonds are the true risk-free asset for long-term investors because price drops…
2023-08-08Seth KlarmanCEO, Baupost GroupBullishOnefootHurdleCoinbase convertible bonds are well-protected because the company holds approximately $5 billion in cash…
2023-07-11Kyle BassFounder/CIO, Hayman CapitalBearishThe Julia La Roche ShowThe Fed and Treasury will crowd out bank deposits and private markets by issuing ~$900B in new Treasuries…
2023-07-07Mohamed El-ErianChief economic adviser, AllianzNeutralBloomberg TelevisionExtreme volatility in the 2-year Treasury reflects a regime change and lack of a policy anchor, making the…
2023-06-01Cliff AsnessCo-founder/CIO, AQR CapitalBullishDavid RubensteinThe short-term yield curve is pricing multiple severe Fed rate cuts over the next one to two years, implying…
2023-05-07Warren BuffettChairman, Berkshire HathawayBullishValue Investing & Finance NewsWith yields near 5% versus essentially zero recently, T-bills now offer meaningful return while providing the…
2023-05-07Warren BuffettChairman, Berkshire HathawayBullishCNBC TelevisionBerkshire holds $128B+ in cash and T-bills earning 5%+ as dry powder for opportunistic acquisitions or…
2023-05-03Jim ChanosShort seller — Chanos & Co (family office)BearishThe Meb Faber ShowWith 3% inflation historically implying 5-6% 10-year yields, the current 3.6% 10-year is mispriced if the…
2023-04-24George GammonHost, Rebel CapitalistBullishZoltan PozsarAnticipating a hard landing and aggressive Fed rate cuts, host parks capital in T-bills as a safe, liquid…
2023-04-14Ed YardeniPresident, Yardeni ResearchBullishWEALTHTRACKInflation is expected to fall sharply in coming quarters, making 3–3.5% yields attractive and supporting the…
2023-03-28Chris BloomstranPresident & CIO, Semper Augustus InvestmentsBullishThe Acquirers PodcastT-bills carry zero credit risk while broker-swept bank deposits carry meaningful systemic risk after 500bps…
2023-03-19Nouriel RoubiniEconomist; professor emeritus, NYU SternBullishThe Heavy WalletIn an environment of recession, financial stress, and regional bank runs, short-term treasury funds offer…
2023-03-13Jim ChanosShort seller — Chanos & Co (family office)ShortMarket Talk with George NobleYears of zero rates spawned business models that are de facto long-duration bonds masquerading as operating…
2023-03-02Jeffrey GundlachCEO/CIO, DoubleLine CapitalBullishDoubleLine CapitalThe 2-year Treasury yield made a marginal new high (~4.74% vs prior 4.72% October peak) that immediately…
2023-03-01Louis Vincent GaveCo-founder & CEO, GavekalBearishLouis-Vincent GaveChina reopening and Japan's probable YCC removal both push yields higher and steepen curves globally, while…
2023-02-23Cliff AsnessCo-founder/CIO, AQR CapitalNeutralBloomberg TelevisionThe 60/40 portfolio has a positive but historically low expected real return of ~3% above inflation, improved…
2023-01-18Howard MarksCo-chairman, Oaktree CapitalNeutralBloomberg TelevisionCurrent high yield prices are roughly fairly valued but yields will not compress further because the Fed will…
2022-12-16Nouriel RoubiniEconomist; professor emeritus, NYU SternBullishChannel 4 NewsWith central banks raising rates, short-duration bonds reprice higher and offer 4-5% yields with minimal…
2022-10-27Rob ArnottFounder & chairman, Research AffiliatesBullishExcess ReturnsReal yields on 10-20yr TIPS (~1.7-1.8%) have been artificially pushed high by Fed rate hikes and markets…
2022-09-23Rob ArnottFounder & chairman, Research AffiliatesBearishLSEGNon-US and EM equities and bonds are priced much more reasonably than US assets whose yields are too low…
2022-05-18Zoltan PozsarFounder, Ex Uno Plures; ex-Credit SuisseBearishYoung Scholars InitiativeCurrent inflation is structural — a shortage economy with labor dislocation and demand permanently above…
2021-12-30Louis Vincent GaveCo-founder & CEO, GavekalNeutralLouis-Vincent GaveChina property developer bonds trading at 40–50 cents on the dollar will recover once a weak USD allows the…
2021-10-31Ray DalioFounder, Bridgewater AssociatesBearishLarry FinkReal interest rates are deeply negative and central banks must monetize excess spending demands, giving…
2021-06-02Chris Cole (Artemis)Founder & CIO, Artemis Capital ManagementBearishChris ColeThe 60/40 portfolio is dangerously concentrated in equity-correlated risk and relies on falling interest…
2021-05-28Harley BassmanManaging Partner, Simplify Asset ManagementBearishBluusun Venture StudioJunk bonds at ~3.9-4% yield embed no risk premium — maximum gain is coupon plus return of principal while…
2020-03-12Chris Cole (Artemis)Founder & CIO, Artemis Capital ManagementBearishChris ColeThe 60/40 (or 70/20 equity-bond) portfolio is dangerously concentrated in secular-growth assets; 90% of its…
2019-10-04UnknownBullishCNBC Fast Money Final Trade1-2-3 year bonds on the short end of the yield curve offer approximately 2% yield, making them an attractive…
2019-06-05Stanley DruckenmillerChairman/CEO, Duquesne Family OfficeBullishPeppi CarpinelliFed likely to cut 50-100bp within a year as economy shows deteriorating corporate profits, trade-war…
2018-10-31Marc LasryCEO, Avenue Capital GroupBullishBloomberg TelevisionPower companies with debt that must be restructured are pricing in excess distress, creating buying…
2018-10-29Carl IcahnActivist investor — Icahn EnterprisesShortInvesting PrincipleJunk bond credit spreads at only ~300bps above Treasuries are dangerously compressed just as rates are set to…
2018-06-21Paul Tudor JonesFounder/CIO, Tudor Investment CorpBearishAnric BlattReal 10-year rates at roughly -30 to -40bps versus a 250-year historical norm of +200bps are unsustainable at…
2018-02-06Chris Cole (Artemis)Founder & CIO, Artemis Capital ManagementBearishChris ColeStocks and bonds have been anti-correlated only 11% of the time across 120 years of history and have declined…
2017-09-01Chris Cole (Artemis)Founder & CIO, Artemis Capital ManagementBearishChris ColeBond yields at lowest levels in human civilization combined with sovereign debt at record highs limits…
2015-11-11Howard MarksCo-chairman, Oaktree CapitalBullishOaktreeHigh yield bonds at ~5% yields offer asymmetric downside — survivable credits pay a known coupon with…
2013-04-08Kyle BassFounder/CIO, Hayman CapitalBearishGGRPrivateJapan is past the zone of insolvency — spending twice tax revenue for five consecutive years, demographics…
8 new mentions of IEF this week are in The Brief — who, which way, and what they said, in subscribers’ inboxes every morning. Free pages update a week later. Get The Brief — $20/mo →
The options tape

Notable options days

Sessions in the last 120 where IEF’s settled options volume ran ≥ 2× its trailing 20-session baseline, or delta-dollar flow ran ≥ 2.5× — 16 of 120 sessions qualified.

The qualifying dates are the free record. Close, flow, call/LEAPS mix and the 20-session outcome — for every session below — are Brief subscriber content.
DateCloseRVOL Δ$ flow ($M)Call % LEAPS %+20 sess.
2026-09-16
2026-09-14
2026-09-10
2026-09-03
2026-09-01
2026-08-31
2026-08-25
2026-08-21
2026-08-18
2026-08-12
2026-08-03
2026-07-27
2026-07-22
2026-06-11
2026-05-19
2026-05-18
+20 sess. = raw price change over the following 20 sessions — not market-adjusted; the tape tells you where to look, not what happens next.
Today’s tape on IEF is in this morning’s Brief. Get The Brief — $20/mo →