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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 […]

Lukewarm Jobs Report Renders June Hike a Sure Thing

Last Week: Interest rates were mixed while equities were slightly lower despite very strong earnings reports and a very busy data and event calendar. Yields on US 10-year notes were unchanged at 2.96%, while 1-month LIBOR notched higher to 1.9277%, as last Friday’s employment report showed only very modest wage pressures. The US Dollar strengthened […]

Equities to Drive Rate Trajectory for Now

Last Week: Interest rates were mixed, and equities saw little net change on the week amid choppy, headline-driven markets. News that the US and China may avoid all out-trade war drove markets early in the week, while a continued focus on privacy issues undermined mega-cap tech shares and pushed bond yields lower late in the […]

What Could Possibly Go Wrong?

Last Week: Interest rates fell while equities firmed despite some midweek volatility surrounding North Korea’s missile launch over northern Japan. US 10-year Treasury yield fell six basis points to 2.14% on the week and 1-month LIBOR also fell to 1.2305% from 1.2388% the week prior. Oil dipped 80 cents a barrel to $46.75, the US […]