Rates

The substantial buildup in anticipation of this week’s Federal Open Market Committee (“FOMC”) two-day meeting and accompanying statement, along with Federal Reserve Chairman Jerome Powell’s press conference and Q&A session,…

Treasury yields and interest rate swap levels traded in a narrow range this week, ending 2 bps (0.02%) to 5 bps (0.05%) lower in maturities from two to 30 years.…

Two measures of the current state of unemployment were released this week, Initial Weekly Jobless Claims and the monthly Nonfarm Payrolls and Unemployment report. Both reports reflected higher than expected…

Federal Reserve Chairman Jerome Powell announced “average inflation targeting” as the central bank’s official policy approach in his keynote address at the Fed’s virtual Jackson Hole symposium Thursday, apparently abandoning…

Higher consumer prices, improved jobless claims data, record levels of Treasury debt auctions, and retail sales returning to pre-pandemic levels all helped to raise Treasury and interest rate swap yields…

The U.S. labor market continued to regain ground in July, though at a slower pace, indicating the economic rebound is still making headway despite a surge in coronavirus infections.Payrolls increased by…

Despite the increased outbreaks of the coronavirus in several U.S. states forcing either a halt or a reversal of openings, a number of economic measures weighed in better than expected…