DTUS News and Press, Barclays Bank PLC ZC SP REDEEM 13/08/2020 USD 50 - Ser A 06740L519 From 04/16/19

I have been on the verge of writing this commentary for quite some time. The more that I thought it through though, the more complicated it seemed to become, and the more I felt like there were loose ends to my reasoning. I did not wish to leave any loose ends dangling here, like some "hanging...

Jeff explains that bonds appear to be back to playing their traditional role as diversifiers against stock downturns. But a look back in history reveals that inflation may be key to how well this relationship holds up in the future. The first 3 months of 2019 have been busy for bonds. Glob...

There are no extreme "fixes" to secular declines in sales, profits, employment, tax revenues and asset prices. The saying "never let a crisis go to waste" embodies several truths worth pondering as the stock market nears new highs. One truth is that extreme policies that would raise obje...

Yield Curve Inverts On March 22nd of this year, financial news outlets reported the first yield curve inversion since 2007 (see chart below). A yield curve represents interest rates, at a point in time, across treasury securities of varying maturities. A normal curve slopes consistently up...

By Erik Knutzen, Chief Investment Officer - Multi-Asset Class Our geopolitical risk focus turns to Europe - and trade conflict with the U.S. looms largest. When I talk with clients I get asked a lot about the key political or geopolitical risks that asset allocators should look out for...

By Anujeet Sareen, CFA The Bearish View of the Global Economic Cycle Federal Reserve Policy A good place to start evaluating the bearish case for global growth is to consider policy changes at the U.S. Federal Reserve (Fed). As we know, the Fed raised interest rates by over 200 basis...

When the two-year note falls beneath the yield of Fed Funds, it is often a signal that a Fed easing is not too distant in the future. Since 1988, there have been several occasions when the yield of the two-year Treasury has fallen beneath Fed Funds. In most cases where the two-year note has fa...

The purpose of this article is to assess the macro-fiscal flows for March 2019 and determine what effect these flows will have on the stock market and the economy. Macro fiscal flows impact investment markets with a lagged effect of typically one month. A flush of funds now from government s...

By Frank Shostak It is widely accepted that by means of suitable monetary policies the US central bank can navigate the economy towards a growth path of economic stability and prosperity. The key ingredient in achieving this is price stability. Most experts are of the view that what preven...

Here are the updated inflation numbers. Non-shelter core is down to 1.1%, shelter is still at 3.2%, and core CPI inflation is at 2.0%. As IW readers know, the reason this is important is that (1) shelter inflation is largely an imputed figure of rental values of owned homes that involve no cas...