{"id":15119,"date":"2010-11-08T13:34:28","date_gmt":"2010-11-08T18:34:28","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15119"},"modified":"2010-11-08T13:34:28","modified_gmt":"2010-11-08T18:34:28","slug":"the-next-major-disaster-developing-for-bond-holders-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/08\/the-next-major-disaster-developing-for-bond-holders-2\/","title":{"rendered":"The Next Major Disaster Developing for Bond Holders"},"content":{"rendered":"

A must-read FREE report for investors in fixed-income markets like Treasury bonds, municipal bonds or high-yield bonds<\/strong><\/p>\n

By Elliott Wave International<\/strong><\/p>\n

Elliott wave analysis can warn you of trend changes when the rest of the investment public least expects a market reversal. With that in mind, we have created a new report for our free Club EWI members: “The Next Major Disaster Developing for Bond Holders.”<\/p>\n

In this free report, you get some of the latest commentary on fixed-income markets adapted from various Elliott Wave International’s publications, including 2010 issues of Robert Prechter’s monthly Elliott Wave Theorist and its sister publication, The Elliott Wave Financial Forecast.<\/p>\n

Enjoy this excerpt — and for details on how to read this important Club EWI report free, today, look below.<\/p>\n

The Next Major Disaster Developing for Bond Holders<\/a><\/strong><\/span>
\n(excerpt)<\/p>\n

The Elliott Wave Theorist<\/em> — October 2010
\n(By Robert Prechter, EWI president)<\/p>\n

…History shows that investors have been attracted like moths to a flame to four consecutive pyres: the NASDAQ in 2000, real estate in 2006, the blue chips in 2007 and commodities in 2008. Now they are flitting across the veranda to a mesmerizing blue flame: high yield bonds. Bonds pay high yields when the issuers are in deep trouble and cannot otherwise attract investment capital. The public is chasing a large return on capital without considering return of it. …<\/p>\n

\"Annual<\/p>\n

The Elliott Wave Financial Forecast<\/em> — October 2010
\n(By Steve Hochberg and Pete Kendall)<\/p>\n

The rise in optimism since early 2009 has allowed corporations to issue the lowest grade debt at a record rate, even more than in the middle of the incredible expanding debt bubble of the mid-2000s. The annual total of $189.9 billion to date is a record, and the entire fourth quarter still lies ahead.<\/p>\n

This is a stunning testimony to just how desperate investors are for the returns they grew so accustomed to during the old bull market. The Moody\u2019s BAA-to-Treasury spread (see chart in the free report — Ed.) has been widening since [April] and has made a series of lower highs in August and again in September. This behavior reveals an emerging preference for perceived safer debt even as junk bond issuance races higher. It is a critical non-confirmation…<\/p><\/blockquote>\n

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Read the rest of this important report online now, free<\/a>!<\/strong><\/span> Here’s what else you’ll learn:<\/p>\n