The LIBOR Boogeyman is Coming

Last Week: US Interest rates and equities rose slightly last week, with major indices once again setting new highs. The yield on the US 10-year note rose six basis points to 2.30% on the week while 1-month LIBOR fell slightly to 1.2316%. Oil rose, the US Dollar fell and Gold rose. Volatility, as measured by […]

Breaking Up is Hard to Do

Last Week: Interest rates were mixed and global equities set records as a Goldilocks environment of moderate growth and accommodative central banks prevailed. The yield on the US 10- year Treasury note fell on the week to 2.24% from last week’s 2.32%, while 1-month did just the opposite, rising to 1.2322% from 1.2283% the week […]

The Fed’s Mixed Message

Last Week: Interest rates were mixed as global equities posted solid gains. The week started with stories about higher projections for interest rates and equities, only to end with increased Fed speculation and mostly lower rates. The yield on the US 10-year Treasury note faded seven basis points on the week, to 2.32%, while 1-month […]

Fed Fears and Inflation Pitfalls

Last Week: Rates rose in the major economies of the world and global equities slipped. The yield on the US 10-year Treasury note rose 10 basis points on the week to 2.39%, as 1-month LIBOR ended the week down slightly, to 1.2263% from 1.2269% the week prior. Oil declined modestly, the US Dollar weakened slightly […]

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Refinance Risk vs. Interest Rate Risk

Certainty Will Cost You Most of us like certainty. Any time we can control future outcomes, we feel empowered.  However, protecting oneself from uncertainty comes at a cost.  We all try to manage risk in our everyday lives, be it by purchasing life insurance, avoiding floods or earthquakes, or managing total payments on a home […]