FLGV News and Press, Franklin Liberty U.S. Treasury Bond From 01/28/21

U.S. Fed keeps rates near zero. Colbourne: Fed unlikely to address the recent retail stock frenzy. Colbourne: Fed likely to to be very accommodating over a long period of time. For further details see: Fed Holds On Rates, But Warns Economic Growth Is Slowing

There is an important difference between input cost inflation and monetary inflation. Milton Friedman famously said inflation is a monetary phenomenon. He was only half right. Input cost inflation hits both consumers' purchasing power and businesses' profit margins. The 2020s ...

Even though the major indexes were decidedly lower, the New York Stock Exchange Advance Decline line (NYAD) delivered an up day. I recently recommended purchasing shares of homebuilder Hovnanian Enterprises (HOV) as the stock looks poised to break out from its recent trading range. ...

When looking at bond yields, one should keep in mind that the entire yield curve is a mathematical object. We cannot model yield curve tenors as stand-alone time series; we need to enforce sensible relationships along the curve. This has the side effect that we can predict yields ...

COVID turned out to be quite the economic event, and a pandemic under control promises to deliver a recovering economy by the end of 2021. On the other hand, should the vaccinations not go according to plan and the pandemic is not declining by June 2021, the economy may not recover at...

After a dramatic "risk-on" rotation beginning in early 2020, we greet the new year with a technically oversold US currency and overbought stock market. In other words, investor positioning has become lopsided, arguing that a countertrend bounce in the "greenback" and near-term drawdow...

With Treasuries blowing right through the 100% of GDP milepost - and likely poised to reach 125% within the next year or two - there's no time like the present to recognize our nation is in serious fiscal trouble. The pandemic is not close to my greatest worry. These days I have great...

In the past few months, the surge in commodity prices has led to rising concerns over an unexpected rise in long-term inflation expectations. Most of participants are expecting higher global CPI prints in the month to come. However, the pre-Covid-19 symptoms (demographic, disrupti...

The wild swings in government bond yields that characterized most of 2020 were largely muted in December. Finland's 10-year government bond yield saw the largest movement, falling by more than 5 basis points to finish at -0.44%. Australian 10-year bond yield increased by more than...

Last week, the 10-year Treasury bond yield continued to rise, as last Tuesday's bond auction had a lackluster bid-to-cover ratio of 2.47. This means that the Fed is going to have to do more quantitative easing or the federal government is going to have to curtail its spending. The Fed...