Testing is the Cure to Our Economic Ills
Last Week: Interest rates fell, and equities rose as investors tip-toed back into risk amid a seeming plateau in COVID-19 deaths. The yield on the US 10-year Treasury note declined 11 basis points to 0.62% as 1-month LIBOR continued its slow, steady decline to 0.67%, about 13 basis points lower than the start of the […]
Don’t Fight the Fed
Last Week: Interest rates were mixed, and global equities were higher on the week amid hopes that the coronavirus pandemic may be nearing a peak. The yield on the US 10-year Treasury note rose 15 basis points to 0.73%, while 1-month LIBOR fell 10 basis points to 0.81%. The price of a barrel of crude […]
Bottom for Rates is Yet to Come
Last Week: Interest rates and global equities were both lower on the week as markets continued to struggle with the economic fallout from the pandemic. The yield on the US 10-year Treasury note fell 0.18% to 0.58%, its lowest weekly close ever, as 1-month LIBOR drifted in a tight range near 0.98%. The price of […]
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