ITE News and Press, SPDR Bloomberg Barclays Intermediate Term Treasury From 08/29/19

The world is saving like crazy. Corporations are building up cash mountains that they can't or won't invest in expanding their businesses. Individuals are building up pensions and precautionary savings. Governments, especially in developing countries, are building up FX reserves. The " savings...

Federal Reserve Chairman Jerome Powell's remarks in Jackson Hole last week broke little ground. They confirmed what the market already expects - a 25 basis point (bp) cut in the Federal Funds rate in September - but stopped short of hinting at further easing. What's more, various current and...

By John Kerschner, CFA & John Lloyd Head of U.S. Securitized Products John Kerschner and Co-Head of Global Credit Research John Lloyd discuss the inverted yield curve and its implications for bond investors. John Kerschner: So, the yield curve is currently inverted and a lot of p...

While Federal Reserve Chair Jay Powell's speech at the Jackson Hole Economic Policy Symposium last week didn't break any new ground other than confirming market pricing for further near-term rate cuts, several academic papers presented at the symposium and Bank of England Governor Mark Carney'...

And if they had the words I could tell to you To help you on the way down the road I couldn't quote you no Dickens, Shelley or Keats 'Cause it's all been said before Make the best out of the bad just laugh it off You didn't have to come here anyway So remember, every picture tell...

As the drums of the U.S.-China trade war beat louder, one has to keep in the back of one's mind where the point of no return is. It is probably not a specific "point," but a gray area that is a moving target, depending on how badly the U.S. and other global economies get hurt. For example, hur...

By Gary Alexander The market is looking for any excuse to crater. On Friday, it was a temper tantrum from Trump. A week earlier, the Dow fell an even greater 800 points on a chorus of headlines about an inverted yield curve, which is (supposedly) a "recession indicator with a perfect track...

Issue 100-year Treasurys, advocates the Wall Street Journal . It mentions a short note deep on the Treasury website that: Treasury's Office of Debt Management is conducting broad outreach to refresh its understanding of market appetite for a potential Treasury ultra-long bond (50- or 100...

The theoretical reason for introducing negative interest rates on the part of central banks is that extremely low interest rates will contribute to economic growth by pushing commercial banks to extend lending activities so as to avoid paying interest on excess reserves. This trend has now ext...

Who wins? It's probably no news to you that the recent flight to quality has hit the U.S. Treasury market hard. Yields on government debt have sunk precipitously amid a flurry of safe haven buying. Intermediate-term debt has been especially impacted. In the past year, the yield on the 10-yea...