The U.S. Treasury yield curve has shifted downward at the short end of the curve, with 2-year and 5-year Treasury notes dropping roughly 75 basis points this year. … READ MORE >
Economics
Market Minute: Are stocks in a bubble?
After selling off during the initial tariff shock, the S&P 500 and Nasdaq indices are now setting records even as S&P 500 volatility falls below its long-term average. … READ MORE >
Market Minute: Financial conditions signal moderate risk tolerance
The RSM US Financial Conditions Index continues to signal a moderate level of accommodation in the financial markets. … READ MORE >
The rise of private label data, employment and public policy
Many businesses are turning to private label data to understand employment, inflation and the greater condition of the real economy. … READ MORE >
Market Minute: A liquidity squeeze in the money markets
Money market funds are taking funds that were parked in the Federal Reserve’s overnight repo facility and using them to buy the newly issued T-bills. … READ MORE >
Fed cuts its policy rate a quarter point amid growing tension
It would not be surprising to see market players assume that the de-facto inflation target is moving higher, toward 3%. … READ MORE >
Bank of Canada cuts interest rate to 2.5% amid economic, labour challenges
The Bank of Canada cut its key interest rate to 2.5 per cent as a slowing economy and rising unemployment likely contributed to the unexpected policy action. … READ MORE >
Market Minute: Do falling heavy truck sales indicate recession?
Since 1979, a collapse in sales of heavy trucks has coincided with recessions. But recent history tells a more nuanced story. … READ MORE >
Market Minute: Temporary relief for 30-year yields?
Yields have been rising as investors question the sustainability of higher government spending and the willingness of central banks to keep inflation expectations in check … READ MORE >
Market Minute: Low rates, liquidity and leverage
On Wall Street, low rates, liquidity and leverage are the holy trinity of new finance. … READ MORE >