Uncle Jim’s World of Bonds

Recent episodes

1. The LAST Ever UJWOB from Uncle Jim’s World of Bonds

   Jul 9, 202417 min

   Love from Jim x

2. The End Of Season 13 Of UJWOB from Uncle Jim’s World of Bonds

   Jun 28, 202411 min

   A look at Biden’s awful first Presidential debate with Trump, and his 20% fall in betting markets overnight.

3. Household Debt v Government Debt - It’s Different from Uncle Jim’s World of Bonds

   Jun 27, 20249 min

   And Australia may be out of the cricket (just enjoying typing that) but its inflation numbers sent bond markets lower yesterday.

4. ‘Finely Balanced’ - No BoE Cut, But It’s On The Way. from Uncle Jim’s World of Bonds

   Jun 21, 20249 min

   And a look at Noah Smith’s views on ‘elite overproduction’.

5. UK Inflation Back To Target. And A Look At The Deutsche Bank Annual Default Study. from Uncle Jim’s World of Bonds

   Jun 19, 202411 min

   The ‘boiling frog’ impact of higher rates on credit is starting to be felt, but no big default rise until 2025.

6. European Credit Spreads Widen On France Fears from Uncle Jim’s World of Bonds

   Jun 17, 20249 min

   And China leaves rates on hold, despite weak house price news.

7. Zero Inflation in May, Bond Rally Underway from Uncle Jim’s World of Bonds

   Jun 14, 202411 min

   But French assets are really struggling, and credit is starting to weaken.

8. French Bond Markets Wobble. And No Bank of England Reserves Interest Grab From Labour. from Uncle Jim’s World of Bonds

   Jun 12, 202412 min

   Also: a smorgasbord of other bond market ephemera.

9. What A Week That Was! Elections Hit EM Assets, ECB’s ‘Unhappy’ Cut, And Bumper US Jobs. from Uncle Jim’s World of Bonds

   Jun 10, 202411 min

   US rate cut now not fully priced until December.

10. EU Bonds Going Into Global Indices from Uncle Jim’s World of Bonds

    May 31, 202410 min

    Could mean less demand for traditional EZ sovereign debt, especially as France risks a downgrade from S&P.

11. Who’s Best For The Economy - Labour or Conservatives? from Uncle Jim’s World of Bonds

    May 28, 202411 min

    Also: credit spreads are tight and stable. It was quiet - too quiet…. And CMBS takes its first big hit since the GFC.

12. Bank Of England To Skip A June Rate Cut from Uncle Jim’s World of Bonds

    May 24, 202410 min

    And it’s not just because of July’s General Election - service sector inflation is too strong. 💪

13. Doctor Copper Makes A Record High from Uncle Jim’s World of Bonds

    May 20, 20249 min

    Does that mean global growth is reaccelerating?

14. Equity Yields Are Way Below Credit Yields. Does That Make Sense? from Uncle Jim’s World of Bonds

    May 15, 202412 min

    And Biden puts 100% tariffs on Chinese EVs.

15. US Economic Surprises Rolling Over? from Uncle Jim’s World of Bonds

    May 13, 20249 min

    Aggregate US stats are now disappointing- although the rest of the world is doing OK.

16. Greenspan, ‘Atlas Shrugged’, & 2001 A Space Odyssey from Uncle Jim’s World of Bonds

    May 8, 202410 min

    Also: Swedish rate cut, and no more excess savings left in America.

17. US Employment Weakens, Bonds Rally from Uncle Jim’s World of Bonds

    May 3, 20248 min

    2 year US Treasury bond yields drop from 5% to 4.75% in 2 days.

18. Why Economics Needs To Be Sexier from Uncle Jim’s World of Bonds

    May 1, 202410 min

    And H5N1 (Bird Flu) starts to get attention in financial markets. Gulp.

19. Gold vs Real Yields from Uncle Jim’s World of Bonds

    Apr 29, 202411 min

    Also: yen intervention at last? And US immigration at 3 million per year.

20. US Growth Slows Sharply in Q1, But Bonds Don’t Like PCE Inflation. 5% 2 Year Treasury Yields. from Uncle Jim’s World of Bonds

    Apr 26, 202410 min

    And Japanese inflation goes the other way, with a downside shock.