DTUS News and Press, Barclays Bank PLC ZC SP REDEEM 13/08/2020 USD 50 - Ser A 06740L519 From 03/22/19

By Ryan McMaken The Federal Reserve's Federal Open Market Committee on Wednesday voted unanimously to keep the Federal Funds rate unchanged. Overall, the FOMC signaled it has made a dovish turn away from the promised normalization of monetary policy, which the Fed has promised will be im...

Since I do not do market forecasting, my comments on the actual state of bond markets have been sporadic. I just want to refresh my views, particularly since I have had a recent increase in readership. Although writing a book on recessions obviously skews my thinking, my argument is straightfo...

By Sonal Desai, Ph.D., Executive Vice President, Chief Investment Officer, Franklin Templeton Fixed Income The US Federal Reserve's decision to keep interest rates steady at its March meeting came as little surprise, but its updated "dot plot" projections were interpreted by markets...

The Federal Reserve announced that interest rate hikes will probably be on hold for the rest of 2019 because they see fewer signs of strong economy. Some of the weaker trends will probably last a couple of years, while others are likely to rebound quickly. Here's the bad news list and my obs...

These things are actually quite related, though I understand how it might not appear to be that way at first. As noted earlier on Thursday , the Fed (yet again) proves it has no idea how global money markets work. It can't even get Federal funds right after two technical adjustments to IOER (...

In a widely expected outcome, the Federal Reserve announced no change to the Fed Funds rate but did leave open the possibility of a rate hike next year. Also, they committed to stopping "Quantitative Tightening (or Q.T.)" by the end of September. The key language from the announcement was:...

The Federal Reserve on Wednesday provided the bond bulls with a fresh round of news to keep this year's fixed-income rally running. As expected, the central bank left interest rates unchanged. As an added bonus for fixed-income markets, the Fed also advised that rate hikes may remain on hold f...

There’s no real nice way to say that I found Wednesday's FOMC minutes to be disgraceful. The only conclusion I’m left with is that Jerome Powell has capitulated and is now scared of either the market turning on him, the president turning on him or both. Otherwise, how do you expl...

In relationship to GDP, the balance sheet will continue to shrink until some magic unknown point is reached. The Fed has a new plan for what to do with its balance sheet and today announced several major components of it: Begin tapering the "runoff" of Treasury securities in May. End...

Background Beginning last July, I began tilting a bit toward bonds over stocks, though I liked them both. On July 16 I wrote How Bonds May Be Setting Up Bullishly (Here Comes Goldilocks?) . I suggested that the aggressive Fed tightening could bring the 10-year Treasury bond down to 2.4% fro...