Summer Slumber

Last Week: Interest rates drifted slightly higher as US equities rallied to record highs. The yield on the 10-year US Treasury note remained essentially unchanged at 2.24% while oil prices dipped. West Texas Intermediate crude fell to $48.95 a barrel from $50.30 a week ago as OPEC extended its output cap for another nine months. […]

The Paranoid and the Oblivious

Last Week: Interest rates diverged and global equities saw little net change amid a sharp spike in market volatility midweek as political chaos intensified in Washington. The yield on the 10-year US Treasury note fell to 2.25% from 2.34% a week earlier while 1-month LIBOR spiked higher to 1.02% versus 1.00% the week prior. Oil […]

Green Light for a June Hike

Last Week: Interest Rates declined while US equities were little changed on the week amid presidential elections in France and South Korea and fresh political turbulence in Washington. The yield on the US 10-year Treasury note, at 2.33%, traded slightly lower, while 1-month LIBOR finished the week at .9924% from .9941% the week prior. Oil […]

Adrift

Last Week: US Interest Rates and equities extended their gains, driven higher by a backdrop of improved economic growth, particularly in Europe. Oil fell to a six-month low to $45.50, the US Dollar and Gold also fell slightly. The yield on the US 10-year Treasury note rose modestly, to 2.35%, up 4 basis points on […]

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Buyer Beware

We often hear from clients, and especially prospects, that, when hedging interest rate risk, their lending bank can’t understand why an independent hedge advisor is necessary.  The bank’s state that, by law, they’re required to provide the “mid-market” and then add their spread (fee) .  Click to read our related report, “Dodd-Frank and the Illusion of […]