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 >
10-year Treasury
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 >
Market Minute: Yields spike as financial conditions tighten and investors seek cash
The 10-year Treasury yield surged on Tuesday to close at 4.29% in a sign of the pressure building across the fixed income complex as investors seek cash. … READ MORE >
Market minute: A new center of gravity is emerging in bond markets
U.S. bonds have experienced notable volatility that is most likely establishing a new center of gravity in markets. The result could be higher rates ahead even as growth slows and inflation rises. … READ MORE >