Rate’s Wild Ride About to Get Worse

Last Week: Interest rates were mixed, and equities hit fresh highs as markets took a brief US government shutdown in stride amid strong purchasing managers’ indices, which signal continued synchronized global economic growth. Yields on US 10-year Treasury notes rose 2 basis points to 2.64%, while 1-month LIBOR rose to 1.5677% from 1.5601% the week […]

Do Larger Deficits + A Smaller Balance Sheet = Higher Rates?

Last Week: Interest rates and equities both lurched higher amid continued evidence of synchronized global growth and solid corporate earnings. Yields on US 10-year Treasury notes rose to their highest level since 2014, trading to a weekly high of 2.66% last Friday morning. 1-month LIBOR followed the 10-year higher, trading to 1.5613% from 1.5561% the […]

Sugar High

Last Week: Interest rates and equities advanced strongly, fueled by solid global growth, robust consumer and business confidence, and news of China’s waning appetite for Treasuries. The yield on the US 10-year note rose 11 basis points to 2.57% in response to growing anticipation that major central banks may join the US Federal Reserve in […]

Got Inflation?

Last Week: Interest rates were mixed as equities extended gains amid continued evidence of a synchronized upturn in global economic growth. The US 10-year Treasury note rose 5 basis points to 2.46% while 1-month LIBOR declined to 1.5520% from 1.5617% the week prior. Oil rose slightly, the US Dollar held at its recent lows and […]

Fingers Crossed for Tax-Driven Economic Boost

Last Week: It was a quiet week in markets with most checked out for the holidays. Interest rates fell while equities were mostly flat to lower in holiday thinned trading. The 10-year Treasury yield fell to 2.4054% from 2.4756% the week prior while 1-month LIBOR followed suit, falling to 1.5642% from 1.5690% over the same […]