The yields on long-term Treasury securities have fallen to the bottom of their recent trading ranges, with the 10-year bond testing 4% and the 30-year note dropping below 4.7%. … READ MORE >
Treasury securities
Market Minute: External purchases of U.S. Treasury notes
While foreign purchases of Treasury securities remain stout, they have declined from a cyclical peak, with five-year bond yields falling since the beginning of the year. … READ MORE >
Market minute: Foreign purchases of U.S. Treasury issuance
Through the end of November, the largest foreign holders of U.S. debt were Japan at $1.09 trillion, China at $768 billion and the U.K. at $765 billion. … READ MORE >
Understanding the facts in the debt ceiling debate
As the stand-off over raising the nation’s debt ceiling drags on, a rational discussion of the issues at play has often been lost amid the political rhetoric. We explain some of the basic facts. … READ MORE >
As turmoil grows, foreign banks and investors flock to the dollar
Whether it is the purchase of short-term Treasury notes, deposits in U.S. financial institutions or a use of the Fed’s overnight reverse repurchase facility, investors are in a flight to safety … READ MORE >
Monetary policy tightening, the bond market and the business cycle
Economic shocks including inflation, interest rate increases and energy market turmoil are hitting the global economy and showing up in fixed income markets. … READ MORE >