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Fed Takes Center Stage as Markets Wonder What a World of Higher Rates Will Bring

Last Week: Interest rates were notably higher as equities were modestly lower amid headwinds from a spike in oil prices. The yield on the US 10-year Treasury note rose 12 basis points to 3.08%, settling a tad lower than the 3.12% multiyear high hit mid-week. 1-month LIBOR followed suit, wrapping the week at 1.9527% after […]

Treasury Deluge to Keep Rate Forecasters Guessing

Last Week: Interest rates logged new highs and equities rebounded amid an uptick in inflation. Stabilizing equities – the S&P 500 Index had its best five-day run since 2011 through Thursday’s close – and firm inflation data translated into 10-year Treasury yields reaching their highest level since 2014. Rates peaked at 2.94% before easing to […]

Momentum Building for a December Hike

Last Week: Interest rates and equities extended their gains amid signs the global economic expansion continues apace. US tax reform hopes and record-high equity indices helped fuel a rebound in US Treasury yields, which saw the yield on the 10-year note rise 11 basis points to 2.38%. 1-month LIBOR followed the 10-year’s move higher, climbing […]