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Positives of Tax Reform Outweighing Negatives from Tariffs

Last Week: Interest rates were mixed while global equities rose despite elevated trade tensions. While the trade picture hasn’t improved, hopes for renewed talks between the US and China supported a new “risk-on” sentiment. The yield on the US 10-year Treasury note rose 2 basis points from a week ago, while 1-month LIBOR fell to […]

Tax Reform Cliffhanger in the Spotlight

Last Week: Interest rates were mixed while equities logged a small gain. The US 10-year Treasury note yield traded within a tight range near 2.3600%, as 1-month LIBOR continued its steady march higher to 1.4950% from 1.4593% the week prior. Oil and the US Dollar fell as Gold strengthened. It was a calm week in […]

Tax Reform and Inflation Data to Set Tone for Rates Through Year’s End

Last Week: US interest rates and equities drifted higher, the latter reaching all-time highs at midweek before backing off slightly ahead of the weekend and the former spiking markedly on Friday. Yields on US 10-year Treasury notes rose to 2.38% versus 2.34% a week ago as 1-month LIBOR ended the week at 1.2460% from 1.2442% […]

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 […]