Posts

The Fed: Three Cuts and Done?

Last Week: A combination of mixed third-quarter corporate earnings results, uninspiring Brexit news and minimal global trade developments left interest rates mixed and led equity markets to modest gains. The yield on the 10-year US Treasury note inched higher, up a basis point to 1.80%, as 1-month LIBOR edged lower to match it at 1.80%, […]

Resist the Recession Hype

Last Week: Interest rates fell amid muted developments in global trade talks and Brexit negotiations as a strong start to the Q3 corporate earnings season lifted equity markets slightly. The yield on the 10-year US Treasury note was up only a basis point as compared with last week, to 1.74%. 1-month LIBOR offered a little […]

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 […]

Market Volatility Spurs Fed to Recalibrate its Hiking Path

Last Week: Interest rates and equities were mixed amid light holiday trading that saw a continued, rare simultaneous sell off in stocks, bonds and commodities. The yield on the benchmark 10-year US Treasury note declined 5 basis points to 3.04%, while 1-month LIBOR rose slightly to 2.3218% from 2.3000% the week prior. Oil fell below […]