Data Freeze Thaws as Government Gets Back to Work

Last Week: Interest rates were mixed, and equities extended their rebound from the December 2018 lows as political events took center stage, leaving markets mostly adrift. The yield on the 10-year US Treasury note rose five basis points to 2.76%, still stuck in its 14-basis point two-week range, as 1-month LIBOR slipped to 2.5018% from […]

Data Trickle Forcing Fed to Fly Blind

For a peek into where rates are headed this year, see our 2019 Rates Forecast. Last Week: Interest rates were mixed, and equities rose amid growing optimism of a US-China trade deal. The yield on the US 10-year Treasury note rose seven basis points from a week ago to 2.78%. 1-month LIBOR drifted lower to […]

A Little Patience To Calm Your Rate Hike Fears

For a peek into where rates are headed this year, see our 2019 Interest Rate Forecast. Last Week: Interest rates drifted within tight ranges and equities moved higher on the week, boosted by news of progress in US-China trade talks and growing signs that the Fed will take a patient, slow approach on future rate […]

Fed Talks Markets Off the Ledge

Last Week: Interest rates were mostly flat as global equities rose on the week, the latter shaking off a significant decline after strong US employment data and encouraging comments from Fed Chair Powell helped calm markets. The yield on the US 10-year Treasury settled at 2.66%, down 11 basis points from pre-holiday levels, as 1-month LIBOR traded slightly higher to 2.52% from 2.50% a week ago.  Oil rose modestly […]