Game Over for the Fed

Last Week: To say the BREXIT vote made for a lively end to the week is an understatement, though markets regained some composure from the early panic as markets made up some of the initial, knee-jerk losses. The 10-year Treasury traded 13bps lower to 1.5599%, while 1-month LIBOR declined 27bps to .4493%. This Week: US […]

What BREXIT Means for Interest Rates

Lower for Longer Not surprisingly, the outcome of yesterday’s referendum in the UK has hit the British pound hard and driven down the prices of equities and most commodities. Simultaneously, it has boosted the safe-haven appeal of the yen, high-grade government bonds and gold. US interest rates plunged across the curve, as bond prices rallied, […]

BREXIT Vote to Keep July Fed Hike in Play

Last Week: As widely expected, there was no change in the fed funds rate from the current 0.25-0.50 percent band after last Wednesday’s Fed meeting.  Fewer FOMC officials expect the central bank to raise rates more than twice this year, and gave a mixed picture of America’s economy, stating that growth is picking up but […]

Yield Free-Fall Ahead of Fed

Last Week: A week of virtual free-fall in yields across the curve as bank pressures and European political concerns continued to interplay and feed on each other. Equities, yields, and Oil all traded lower and the havens of gold and the Japanese yen traded higher as investors sought safety amid the uncertainty. The persistent themes […]

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Hedging in an Uncertain Interest Rate Cycle – Interest Rate Collar

Of the frequent publications we produce, this one is unique and worthy of your special attention as we dig into a few hedging alternatives that you may not be familiar with because they haven’t made sense for a very long time. If you have questions after reading please give us a call. In our conversations […]