Mixed Messages on Trade = A Quiet Thanksgiving

Last Week: Interest rates and equities traded modestly lower on the week as markets seesawed in response to the seemingly never-ending “will they or won’t they” state of the supposed looming US-China trade agreement. The yield on the US 10-year Treasury note declined 6 basis points to 1.77%, while 1-month LIBOR followed suit, drifting lower […]

Growing Trade Doubts to Keep Rates Rangebound

Last Week: Interest rates fell as major US equity indices posted at or near record highs as fears of recession steadily dissipated and hopes for a near-term US-China trade agreement endured but mellowed. The yield on the US-10-year Treasury note declined 11 basis points to 1.82% while 1-month LIBOR followed suit, sliding to 1.73% from […]

Trade Crumbs To Keep Rates on a Precipice

Last Week: Interest rates were mixed, and equities rallied after negotiators reported that the US and China are making steady progress toward phase-one of a trade agreement. The yield on the US 10-year Treasury note rocketed 23 basis points to 1.94%, a three-month high, while 1-month LIBOR fell two basis points to 1.75%, and the […]

Fed on Hold? Not so Fast.

Last Week: Interest rates fell, and equities rose thanks to better than expected US corporate earnings, a strong October US jobs report and a glimmer of progress on the US-China trade war front. The yield on the US 10-year Treasury note fell 10 basis points to 1.71%, as 1-month LIBOR fell three basis points to […]