Posts

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 […]

Mixed Messages on Trade = A Quiet Thanksgiving

Last Week: Interest rates and equities traded modestly lower on the week as markets seesawed in response to the seemingly never-ending “will they or won’t they” state of the supposed looming US-China trade agreement. The yield on the US 10-year Treasury note declined 6 basis points to 1.77%, while 1-month LIBOR followed suit, drifting lower […]

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Growing Trade Doubts to Keep Rates Rangebound

Last Week: Interest rates fell as major US equity indices posted at or near record highs as fears of recession steadily dissipated and hopes for a near-term US-China trade agreement endured but mellowed. The yield on the US-10-year Treasury note declined 11 basis points to 1.82% while 1-month LIBOR followed suit, sliding to 1.73% from […]

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Trade War to Dog Rates Through Year End

Last Week: Interest rates were mixed, and equities rose in a risk-on rally amid a slightly brighter outlook for US-China trade talks, receding risks of an imminent no-deal Brexit and hopes that tensions in Hong Kong will abate. The yield on the US 10-year Treasury note rose to 1.56% from 1.52%, while 1-month LIBOR fell […]

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Meet Me at Zero

Last Week: Interest rates and equities fell after a one-two punch from ongoing trade frictions and fresh signs of slowing global growth. The yield on the US 10-year Treasury note declined to 1.54% from 1.70% a week ago, its lowest level in three years, while 1-month LIBOR forged a similar path, falling to 2.17% from […]