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Horrific Jobs Report Dooms Rates to Lows

Last Week: Interest rates moved lower and equities traded within their ranges as markets continued to assess the damage from the COVID-19 pandemic via a steady stream of dire economic data. The yield on the US 10-year Treasury note drifted lower throughout the week, settling at 0.61% as 1-month LIBOR followed suit, continuing its slow […]

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 […]

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Consumers to the Rescue

Last Week: Interest rates and equities both declined, driven lower by negative economic data that sparked fresh fears of slowing US growth. The US 10-year Treasury note declined 16 basis points, to 1.53%. Following suit, 1-month LIBOR breached the 2.00% handle, falling to 1.98% late in the week. Oil fell $2.50 to $53.10, while the […]

Jobs Data to Drive Fed Action for Now

Last Week: Interest rates and equities rose on optimism over progress in US-China trade talks. The yield on the 10-year US Treasury note rose 7 basis points to 2.73% while 1-month LIBOR rose to 2.4903% from 2.4791% a week ago. Oil declined $0.65 to $57.05, the US Dollar strengthened, and Gold fell. Treasury yield volatility […]

Data to Bolster Fed Confidence to Hike Twice More this Year

Last Week: Interest rates traded mostly flat as equities advanced on the week, underpinned by signs that trade tensions between the US and the European Union are easing, solid corporate earnings reports and upbeat US economic growth data. The yield on the US 10-year Treasury note rose 10 basis points to 2.96%, and 1-month LIBOR […]