Curb Your Enthusiasm

Last Week: Interest rates and equity markets both traded higher as several tail risks faded, such as an intensifying US-China trade war and a disorderly Brexit. The yield on the US 10-year Treasury note was little changed at 1.83% after a volatile week, where it spiked to a one-month high of 1.95%. 1-month LIBOR followed […]

All I Want for Christmas is a Trade Deal

Last Week: Aided in part by a very strong US employment report, both interest rates and equities edged higher, recovering from trade war related lows early in the week. The US 10-year Treasury note rose by eight basis points to 1.85% while 1-month LIBOR followed suit, climbing by two basis points to 1.72%. Crude oil […]

Trade War to Drive Rate Moves Through Year End

Last Week: Interest rates and equities both rose on the week as data painted a stable picture and hopes for a near-term US-China trade deal remained. The yield on the 10-year US Treasury note rose three basis points to 1.77%, as 1-month LIBOR traded mostly flat at 1.69%. Crude oil fell $1.35 to $57.05, while […]