With a dearth of major economic releases and news, volatility in the interest rate and equities markets calmed somewhat this week, all producing small changes through Friday’s close. The uncertainty of the overhang of $1.9 trillion…
Well, not literally, because that is surely still happening. Rather, this title figuratively refers to the Federal Reserve’s official release, through its Federal Open Market Committee (FOMC) and through the…
Markets were jolted on Friday by the surge in yields, after relatively smooth bond sales this week had eased concerns on the fixed-income outlook. The wave of stimulus and vaccine…
The U.S. economy appears primed to recover from the COVID-19 slump much faster than others, causing havoc in the bond markets this week and potentially exacerbating the kind of imbalances…
** Up again this week ** The five-year interest rate swap more than doubled over the past six months from around 0.25% to roughly 0.62% today.* Treasury yields accelerated in…
The selloff in the Treasury market continued this week after coming off a long Presidents’ Day weekend. Reflation trades continue to proliferate, as fixed rate Treasury bonds were sold to…
The recovery in the U.S. labor market disappointed for a second straight month in January with only modest job growth, highlighting the persistently difficult prospects for millions of unemployed and…
U.S. interest rates and equities edged lower at the close of the week after stock indices closed at all-time highs Wednesday and Thursday. The relief over a peaceful transition of…
Many economists are anticipating a robust period of growth in the U.S. once vaccinations get the coronavirus under control and normal commerce resumes, but a rough road remains. With President-elect…
Despite the Food and Drug Administration’s likely emergency authorization of Pfizer’s COVID-19 vaccine and the possible first doses to be distributed and administered as early as this coming Monday, the U.S. economy has a rough road ahead. It…