Financial conditions continue to deteriorate as uncertainty and volatility creep back into the equity, bond and money markets. … READ MORE >
money markets
Market minute: Concern over government shutdown showing up in money markets
The one-month T-bill rate of 4.29% is now below the 4.30% three-month rate and about to breach the Federal Reserve’s repo-facility award rate of 4.25%. … READ MORE >
Is a debt-ceiling crisis coming? Money markets are saying yes.
Not only have three- and five-year U.S. credit default swaps soared to multiyear highs, but distortions are also emerging at the front end of the Treasury curve. … READ MORE >
Risk metrics: Monitoring distress in the U.S. financial sector
RSM highlights what we consider the most important market indicators and their long-term trends. … READ MORE >
Money market primer: How to measure stress in the financial system
We provide a series of accessible metrics that can be used to estimate stress across money markets and help determine when the financial crisis caused by the coronavirus outbreak is intensifying or easing. … READ MORE >
Canary in a coal mine: What money market spreads tell us about risk
The recent upset in financial markets has caused a move in sensitive risk spreads implying potential credit market challenges should the crisis spread into the real economy. … READ MORE >