DL Monitor

Our weekly newsletter, DL Monitor, provides market insights and observations on factors effecting hedging and derivatives. Subscribers receive notifications to the publications. Our monthly DL Report provides more authoritative white-paper for-subscribers-only.

Fed Walks a Fine Line

Last Week: Interest rates fell as equities were little changed on the week. The yield on the US 10-year Treasury note fell 8 basis points to 2.06%, the 10-year Swap rate fell 11 basis points to 2.01%, while 1-month LIBOR followed suit, falling 2 basis points over the course of the week. The price of […]

Trade War Fatigue Means Rates Low for Longer

Last Week: Interest rates were flat to lower as equities rose amid signs that central banks are preparing to act if the global economy continues to weaken. With markets now pricing in multiple rate cuts from the Fed, the yield on the US 10-year Treasury note fell 11 basis points to 2.06%, the lowest level […]

Markets vs The Fed: Something Has to Give

  Last Week: Interest rates and equities fell as trade jitters intensified and concerns over growing signs slowing global economic growth drove investors’ quest for shelter. The yield on the US 10-year Treasury note declined 15 basis points to 2.12% – the lowest level since September 2017. 1-month LIBOR, after some mid-week gyrations, finished about […]

Impact on Rates: Lessons from the Trade War So Far

Last Week: Interest rates drifted lower and equities were little changed, amid headline driven, choppy trading. The yield on the US 10-year Treasury note fell 10 basis points to 2.30%, its lowest level since late 2017. 1-month LIBOR followed suit, falling to 2.4281% from 2.4370% this time last week, on growing concerns the trade war […]

The Value of Floating Rates in a Low Rate World

  Last Week: Interest rates fell as equities recouped some of the ground lost last week amid the breakdown in US-China trade talks. The yield on the US 10-year Treasury note continued to decline, falling to 2.40% from 2.44% a week ago. 1-month LIBOR followed suit, falling 1 basis point to 2.44% (note that the […]