Trump Agenda: Lighter & Later

Last Week: US interest rates and equities mostly slipped amid concerns that the Trump administration’s promised pro-growth policy agenda may have slipped into the slow lane as GOP lawmakers struggled to “repeal and replace” the Affordable Care Act. US 10-year Treasury note yield fell 10 basis points from a week ago to 2.41%, while 1-month LIBOR […]

Janet is Smarter Than You

Last Week: Interest rates were mixed as global equities rose after the US Federal Reserve indicated it will raise rates gradually and the populist Freedom Party fared worse than expected in Dutch elections. The US Dollar seemed unimpressed, falling as Oil remained unchanged on high inventories while Gold rallied.  The US 10-year yield fell to […]

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Time to Terminate Your Swap?

Most borrowers never consider terminating or re-structuring their interest rate swap, regardless of its mark-to-market value.  “Fix it and Forget” is a common refrain, but not a wise strategy.  Hedging is dynamic and not static.  Investors constantly review their assets to evaluate if the investment should be increased, sold in partial amounts, completely sold off, […]

Moderation Remains the Fed’s Mantra

Last Week: Interest rates rose and global equities were little changed on the week. The yield on the US 10-year Treasury note continued its advance in anticipation of tighter monetary policy, rising to 2.58% from 2.49% a week ago, as 1-month LIBOR rose to .8905% from .8465% over the same period. Oil fell to $49.25 […]

Trumping Trump

Last Week:  Interest rates surged and global equities extended gains last week, as strong global manufacturing data suggested that economic momentum continues to improve. Yields on the 10-year US Treasury and 1-month LIBOR rose markedly – to 2.49% from 2.32%, and to .8344% from .7848% respectively – as markets priced in a March 15 Fed […]