TUZ News and Press, PIMCO 1-3 Year U.S. Treasury Index Exchange-Traded Fund From 12/23/19

The title quote is from Tad Rivelle, Chief Investment Officer of TCW (Los Angeles-based fixed-income management company), who manages one of the largest actively managed bond funds. He goes on to comment about the implications of the negative rate policy that has been implemented by Japan and ...

Editor's note: This article was originally published on December 20, 2019, by James Hamilton here . The Federal Reserve has increased the size of its balance sheet by a third of a trillion dollars over the last 15 weeks, returning to tools that a short while ago we thought it had abandone...

In a post published here in mid-November, I traced the Fed's repo-market troubles to post-2008 changes in the importance and volatility of two of the Fed's non-reserve liabilities: TGA balances and the foreign repo pool. Then, in a companion piece , I made some suggestions for reining-in th...

Is the global economy on the mend as everyone at least here in America is now assuming? For anyone else to attempt to answer that question, they might first have to figure out what went wrong in the first place. Most have simply assumed, and continue to assume, it has been fallout from the "tr...

Today's rate hike by the central bank of Sweden ends an absurdity. ECB and other central banks with negative rates are getting ready to follow. The central bank of Sweden, the Riksbank, has thrown in the towel on negative interest rates and has become the first central bank in history to d...

As negative yielding government debt grows globally and U.S. interest rates remain low, where can investors look to find yield in 2020 above the levels available from savings accounts and government bonds? In this Q&A, we examine the current market environment, highlight potential areas of...

By Eric Winograd The US Fed held rates steady in December and plans to continue that stance through 2020. But a lot can happen to change the Fed's mind-after all, it entered 2019 expecting to hike rates and ended up with three cuts. What does 2020 have in store? The outlook is unusually ...

Well, here we are again at the end of another year, and the bond market continues to mystify economists, yet it still remains an important market to watch in the effort to get a sense of what investors are looking at. In December 2018, I wrote that I expected that bond market interest ra...

Amid signs that 2019's slowdown in the US economy may be stabilizing, the US Treasury market appears to be flirting with firmer inflation expectations. It's too early to know if the latest dance with reflation is noise or a preliminary signal, but the recent U-turns in the market's implied inf...

While sentiment has been at best mixed about the direction of the US economy the past few months, the European economy cannot even manage that much. Its most vocal proponent couldn't come up with much good to say about it - while he was on his way out the door . At his final press confere...