We modeled a serios of shocks to identify the impact on growth, employment and inflation. The results show the challenge of bringing down inflation. … READ MORE >
Treasury market
Market Minute: In surging bond issuance, a recipe for higher rates
The yield on the 10-year Treasury is testing 5% for the first time since 2007, while investment-grade corporate bonds are yielding close to 6.5%. … READ MORE >
Market Minute: The Treasury market is signaling stress
The threat of increased inflation and increased public debt has sent 2-year bond yields above 4.0% this week, while pushing 10-year yields above 4.4%. … READ MORE >
Market Minute: A widening U.S. 30-year/10-year spread points to long-term change
Now, as populist economics takes hold and globalization fades, nowhere is the new regime better illustrated than in the U.S. 30-year less 10-year Treasury spread in the bond market. … READ MORE >