Trump’s Game of Chicken Clouding Rate Outlook

Last Week: Interest rates were mixed, and equity prices declined on the week amid ongoing global trade tensions. The yield on the 10-year US Treasury note held steady at 2.89%, trading in a tight range throughout the week as the escalating tit-for-tat US-China trade dispute threw a monkey wrench into any sustained advance above 3 […]

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The Once, Recent, and Future Fed

The United States got its first central bank in 1791, thanks to the efforts of Broadway star Alexander Hamilton. The central bank at the time wasn’t popular because of its power (it was the largest corporation in the United States). The same sentiment exists to this day! Hamilton’s bank had a 20-year charter, which wasn’t […]

Trade Spat Dominates Rate Moves as Markets Wonder Whats Next

Last Week: Interest rates were mixed, and equities lost ground on the week as trade tensions dominated markets after the US moved forward with tariffs on Chinese goods. The yield on the 10-year US Treasury note held below 3% all week, posting the week’s low of 2.91% late Friday despite strong US retail sales and […]

Separating the Signal from the Noise

Last Week: Interest rates kept to their recent ranges and equities remained flat as markets were kept guessing by America’s trade-related negotiations and emerging market jitters. The US 10-year Treasury note wrapped the week at 2.94%, in the middle of its 2.97% to 2.92% weekly range. 1-month LIBOR continued its slow but steady ascent higher, […]

June Hike a Done Deal as Trade Spat Dominates Rates For Now

Last Week: During a chaotic week that included a near-crisis over the European common currency and the beginnings of a trade war, interest rates were mixed, and equities were little changed, both having partially recovered from steep declines sustained early in the week. The yield on the US 10-year Treasury note declined to 2.90% from […]