DTUL News and Press, Barclays Bank PLC ZC SP REDEEM 13/08/2020 USD 50 - Ser A 06740L469 From 02/22/19

"Quantitative easing" was supposed to be an emergency measure. The Federal Reserve "eased" shrinkage in the money supply due to the 2008-09 credit crisis by pumping out trillions of dollars in new bank reserves. After the crisis, the presumption was that the Fed would "normalize" conditions by...

By Kevin Flanagan, Head of Fixed Income Strategy Quick question: What typical bond market catalyst has received scant attention of late? Obviously, it's not Federal Reserve (Fed) policy, nor is it some of the latest softer-than-expected U.S. economic data, such as retail sales and industri...

By OpenMarkets The Fed will be data-dependent, according to FOMC minutes released today. That means data releases will be increasingly important in the weeks ahead, says Jack Bouroudjian. He also covers the latest on the trade front, and the the tail end of earnings season. Editor&...

Throughout the year we ask leading bond and currency managers to consider valuations, expectations and outlooks for the coming months. Today, we ask: Is the Fed providing markets with false comfort? Over 2018, it was clear that our fixed income manager survey respondents were anticipating ...

Nothing the Fed did Wednesday, or has done up to Wednesday, has changed the curves. Eurodollar futures and USTs, they are both still inverted. The former sharply inverted. The only thing that has changed since early January is the narrative - and not in a charitable way. It is treated as a pos...

The US Fed has led the world in 20 years of progressively more extreme monetary interventions to inflate debt and asset prices at all costs. Each time that US stock markets have dropped more than 10%, central banks have moved to 'ease' volatility with more and longer monetary 'accommodation.' ...

In this exclusive clip from Hedgeye’s inaugural Mega Market Trends webcast, Hedgeye CEO Keith McCullough answers a viewer question on how inflation expectations factor into our investing decisions. McCullough laments that inflation is one of the most underappreciated factors in fore...

Corporate bond spreads are an important measure of risk, liquidity and general economic/market conditions. Corporate bond spreads or credit spreads represent the yield above an equal maturity Treasury bond or risk-free rate. For example, if a 10-year Treasury bond is yielding 3% and a...

In this three-part series, Matt Tucker examines the relationship between interest rates and bond returns. His final post looks at how investors should factor the long-term rate environment into their plans. In our previous post, we showed what drives bond returns-namely a combination of th...

In recent months, I have been warning about the cliff of new bonds issuance that is coming for the U.S. Treasuries in 2019, pressured by the declining interest in U.S. debt from the rest of the world. December 2018 figures are a further signal reinforcing the importance of this warning (see U....