The Fed is no Longer Your Sugar Daddy

Last Week: Interest rates and equities fell on the week amid concerns over slower global growth and growing headwinds from Europe and China. Yields on the US 10-year Treasury note declined 12 basis points to 3.09% while 1-month LIBOR rose slightly to 2.2966% from 2.2813% the week prior. Oil declined $3 to $66.75, the US […]

Hawkish Fed to Settle US Economy into a Growth Groove

Last Week: Interest rates and equities both edged slightly higher, regaining small portions of their recent descents. Yields on the US 10-year Treasury note rose 5 basis points to 3.21% before backing off somewhat by week’s end. 1-month LIBOR traded mostly flat, peaking at 2.29% before settling back to 2.28% where it started the week. […]

Will the Fed Blink in Response to the Recent Market Tumult?

Last Week: US interest rates fell as equities suffered their biggest weekly decline since February, mostly in response to rising US bond yields. The yield on the 10-year US Treasury note fell to 3.16% from a high of 3.25% early in the week as investors sought out safe assets amid an uptick in both equity […]

A New World of Rising Rates is Upon Us

Last Week: Interest rates rose while global equities remained flat for the week amid an out-sized spike in US Treasury yields amid near-record service industry growth and a 48-year low unemployment rate. The US 10-year Treasury note rose to 3.24% from last week’s 3.05% – a 1.7 standard deviation move – wrapping the week at the […]

Fed Hikes to Continue Well Into 2019

Last Week: Interest rates backed off their recent highs, settling into a holding pattern amid the much anticipated 0.25% rate hike by the US Federal Reserve. The yield on the US 10-year note slipped to 3.07% after peaking at 3.09% early in the week. 1-month LIBOR moved in lock-step with the Fed’s increase in the […]