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  • Why the 30-Year Yield at 5 Percent Reshapes Bond Strategy

    Why the 30-Year Yield at 5 Percent Reshapes Bond Strategy
    2026/06/07
    The 30-year Treasury yield has touched 5 percent, a level not seen in decades. Lucas and Luna explore what that means for fixed-income investors — from pension funds to individual bondholders. They dissect the data: the long bond's yield has risen 20 basis points in a week while the 2-year stayed flat, pushing the curve steeper. They discuss why the 30-year matters more now than the 10-year, how it affects mortgage rates and corporate borrowing costs, and whether this is a buying opportunity or a warning sign. The hosts also examine the divergence between the 30-year and the Fed funds rate, and what it signals about inflation and fiscal risk. No fluff — just a clear, data-driven look at the bond market's biggest story this week. #30YearTreasury #Yield5Percent #BondMarket #FixedIncome #TreasuryYields #YieldCurve #SteepeningCurve #MortgageRates #CorporateBonds #PensionFunds #InflationExpectations #FiscalRisk #FedPolicy #RateHikes #BondInvesting #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo
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    11 分
  • Bond Convexity Is Changing How Investors Trade the Curve

    Bond Convexity Is Changing How Investors Trade the Curve
    2026/06/07
    Lucas and Luna explore bond convexity — why it matters more in 2026 as yields hover near key levels. With the 10-year at 4.47% and the 30-year flirting with 5%, convexity is reshaping duration risk and hedging strategies. They break down how negative convexity in MBS and callable bonds surprises investors, and why the 2-10 spread at 38 basis points amplifies these effects. A must-listen for fixed-income pros navigating a flat curve. #BondConvexity #DurationRisk #NegativeConvexity #TreasuryYields #10YearYield #30YearYield #YieldCurve #FixedIncome #MBS #CallableBonds #Hedging #Finance #BondInvesting #FexingoBusiness #BusinessPodcast #Macro #PortfolioStrategy #RateRisk Keep every episode free: buymeacoffee.com/fexingo
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    8 分
  • Why MBS Spreads Are Tightening Despite Fed Rate Uncertainty

    Why MBS Spreads Are Tightening Despite Fed Rate Uncertainty
    2026/06/06
    Episode 35 dives into mortgage-backed securities, a corner of the bond market that's been quietly outperforming Treasuries in mid-2026. Lucas and Luna unpack why agency MBS spreads have tightened to post-2022 lows, how the Fed's runoff cap is creating a technical squeeze, and what this means for yield-hungry investors. With the 10-year Treasury around 4.47 and the 30-year near 5%, they ask whether MBS still offer enough compensation for prepayment risk. Specific numbers discussed: the current dollar roll premium in TBA contracts and the option-adjusted spread on current-coupon GNMA securities. #MBS #MortgageBackedSecurities #AgencyMBS #TBA #GNMA #FreddieMac #FannieMae #PrepaymentRisk #OptionAdjustedSpread #FedRunoff #QuantitativeTightening #TreasuryYields #10YearYield #30YearYield #YieldSpreads #FixedIncome #BondInvesting #FexingoBusiness Keep every episode free: buymeacoffee.com/fexingo
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    8 分
  • How the 2-Year Yield Is Moving Faster Than the Fed

    How the 2-Year Yield Is Moving Faster Than the Fed
    2026/06/06
    Lucas and Luna drill into a quiet but significant shift in the bond market: the 2-year Treasury yield fell from 4.08 to 4.05 in just one day, while the Fed funds rate has barely budged. They examine what this divergence means for rate-cut expectations, how the 2-year has become the market's own policy signal, and why the 10-year is not keeping pace. With the yield curve steepening and the 30-year nearing 5 percent, the hosts debate whether bonds are pricing in a different path than the Fed is projecting. A focused look at the front end of the curve and what it says about mid-2026. #BondMarket #TreasuryYields #2YearYield #FedPolicy #YieldCurve #RateCuts #FixedIncome #BondInvesting #LucasAndLuna #Fexingo #Finance #Investing #Macro #EconomicIndicators #Treasuries #MarketSignal #FOMC #BondStrategy Keep every episode free: buymeacoffee.com/fexingo
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    6 分
  • Why the 5-Year Note Is the Bond Market Bellwether

    Why the 5-Year Note Is the Bond Market Bellwether
    2026/06/05
    Episode 33 of The Bond Investing Podcast with Fexingo dives into the 5-year Treasury note, the often-overlooked maturity that connects short-term policy expectations with long-term growth. As of June 5, 2026, the 5-year yield sits at 4.28%, up 2.2% over the past week—outpacing the 2-year and 10-year. Lucas and Luna explore why this note has become the bond market's real-time temperature check, how it signals the market's view on the neutral rate, and what the recent flattening of the 5-year versus 30-year spread implies for economic growth. They reference the hot jobs report from June 5 and the Fed's current policy rate of 3.63% to frame why the 5-year matters now. Plus, a brief note on how listener support keeps the show ad-free via buy me a coffee dot com slash fexingo. #TreasuryNotes #FiveYearYield #BondMarket #FixedIncome #YieldCurve #FedPolicy #NeutralRate #EconomicGrowth #JobsReport #June2026 #Finance #Investing #BondETF #Liquidity #TreasuryYields #RateOutlook #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo
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    12 分
  • Why the 3-Month Yield Is the New Bond Market Anchor

    Why the 3-Month Yield Is the New Bond Market Anchor
    2026/06/05
    In this episode of The Bond Investing Podcast, Lucas and Luna explore why the 3-month Treasury yield is becoming the most important rate in fixed income. With the yield at 3.78% and the Fed funds rate at 3.62%, the spread between them is tighter than it's been in years — and that has big implications for everything from money market funds to corporate bond spreads. They break down the mechanics of the front end of the curve, explain why the 3-month yield used to be ignored, and show how it's now acting as the real floor for risk-free returns. Specific data points anchor the conversation: the current 3-month yield, the IOER at 3.65%, and the 2-year yield at 4.08%. If you're a bond investor trying to understand where short-term rates are really headed, this episode gives you the framework. #BondInvesting #FixedIncome #TreasuryYields #3MonthTreasury #FedFunds #IOER #ShortTermRates #MoneyMarket #YieldCurve #BondStrategy #Finance #Macro #RateHike #Liquidity #PortfolioManagement #FexingoBusiness #BusinessPodcast #InvestmentStrategy Keep every episode free: buymeacoffee.com/fexingo
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    9 分
  • Why Bond Investors Are Flocking to TIPS in Mid-2026

    Why Bond Investors Are Flocking to TIPS in Mid-2026
    2026/06/04
    With the 30-year Treasury yield flirting with 5% and the 10-year hovering at 4.46%, inflation-protected bonds are gaining new fans. Lucas and Luna break down why TIPS are outperforming nominal Treasuries this year, how the 3.62% fed funds rate feeds into real yields, and what the TIPS breakeven rate is signaling about inflation expectations. They also discuss whether the TIPS market is getting crowded and how individual investors can add them without overcomplicating their portfolio. Plus: a quick note on how listener support keeps this show ad-free. #TIPS #TreasuryInflationProtectedSecurities #BondInvesting #FixedIncome #Inflation #RealYield #TreasuryBonds #FedFundsRate #BreakevenRate #PortfolioStrategy #Finance #BusinessPodcast #FexingoBusiness #LucasAndLuna #MarketUpdate #June2026 #InflationHedge #BondMarket Keep every episode free: buymeacoffee.com/fexingo
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    8 分
  • How Bond Spreads Are Disconnecting From Rate Cuts

    How Bond Spreads Are Disconnecting From Rate Cuts
    2026/06/04
    Lucas and Luna dig into a quiet but telling divergence in the bond market as of June 2026: credit spreads are tightening even as the Fed holds rates at 3.63 percent and the 10-year yield sits at 4.46. With the Fed funds rate floor at 3.62 and the 2-year yield stuck at 4.05, the curve is signaling a slow economy, but corporate bond investors are acting like the coast is clear. They break down why spread compression often precedes a recession warning, how investment-grade and high-yield ETFs like LQD and HYG are trading near their five-day lows, and what the historical pattern from 2006 and 2019 tells us about this moment. A focused look at why bond investors should watch the gap between what the economy says and what spreads price in. #CreditSpreads #TreasuryYields #FederalReserve #CorporateBonds #BondETF #10YearYield #FedFundsRate #SpreadCompression #YieldCurve #BondInvesting #FixedIncome #LQD #HYG #RecessionSignal #Finance #FexingoBusiness #BusinessPodcast #BondMarket Keep every episode free: buymeacoffee.com/fexingo
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    7 分