Investors are pushing up rates as inflation rises, nations add to their debt and as geopolitical risk continues unabated. … READ MORE >
10-year Treasury
Market Minute: Treasury’s bond buybacks won’t work for long
The small quantity and short-term nature of the intervention will not alter curve dynamics and rates in any meaningful way. … READ MORE >
Market Minute: Is the war over? That’s what investors are saying.
Falling oil prices, easing yields and the ebbing of the risk premium across the U.S. Treasury curve suggest that investors see a durable peace. … READ MORE >
Market Minute: The rising term premium on the 10-year Treasury
The term premium turned positive in early November and increased to more than 0.7 percentage points in January. … READ MORE >
Market Minute: Falling bond yields and economic imbalances
Long-term interest rates have been falling since the summer, most likely as investors came to terms with the risk of a slowing economy, domestic economic imbalances and the knock-on effects of persistent inflation. … READ MORE >
Market Minute: U.S. investment grade spread implies robust risk appetite
While the yield on the 10-year Treasury has dropped by 10 basis points since the end of April, investment-grade corporate bond yields have dropped by roughly 25 basis points. … READ MORE >
Financial markets in 2025: Setting the stage for more volatility
Volatility in the first half of the year has the stage for more of the same as investors continue to wrestle with U.S. trade and fiscal policies. … READ MORE >
Market Minute: Investment in an age of uncertainty
Investors should prepare for an extended period of dollar weakness, inflation and higher interest rates. … READ MORE >
Moody’s downgrade of the U.S. credit rating and the rising term premium
Yields could very well rise in the near term with the 30-year Treasury note testing 5% and the 10-year approaching 4.5%. … READ MORE >
Market Minute: The bond market is not buying it
Fixed-income investors are sniffing out the logic of economic populism amid a move toward trade protectionism, which strongly implies higher inflation and rising long-term yields. … READ MORE >