TUZ News and Press, PIMCO 1-3 Year U.S. Treasury Index Exchange-Traded Fund From 04/30/20

Just where was the fire that caused the Federal Reserve to buy $1.3 trillion of treasury debt in a month -- financing all treasury sales and then some? I've been puzzling about this question in a few posts. Commenter "unknown" impolitely but usefully points me to a nice paper by Andreas Schri...

Anthony Okolie recaps the biggest news of the day, including the latest COVID-19 developments, followed by a conversation with Scott Colbourne, Managing Director, Global Active Fixed Income, TD Asset Management, about the Fed's pledge to keep rates near zero to support the economy through...

Overview: Equities continue to recover even as deep economic contractions are reported. Yesterday, the US said Q1 GDP contracted at an annualized pace of 4.8%, while the eurozone reported today that output fell 3.8% quarter-over-quarter in Q1. Hong Kong and South Korea were closed, but the r...

By Kevin Flanagan Unlike other Federal Reserve (Fed) related news since the beginning of March, the April FOMC meeting did not provide any groundbreaking headlines. The policymakers have been incredibly busy over the last six weeks, so this was not really much of a surprise. In fact, wasn'...

The June 2020 Eurodollar contract settled today at 99.66, while the March 2024 Eurodollar contract settled at 99.42. That means nearly four years until a full 25 basis point rate hike is priced in. More news on: iShares 1-3 Year Treasury Bond ETF, SPDR Bloomberg Barclays 1-3 Month T-Bil...

Back in May 2009, Paul Krugman published a column titled "The Big Inflation Scare." In it, he complained about the "inflation fear-mongering" going on at the time. "Suddenly," Krugman wrote, "everyone is talking about inflation. Stern opinion pieces warn that hyperinflation is just around ...

The economy slumbers in its induced coma. Businesses are closed, workers furloughed or laid off. But the astonishing headline falls in economic indicators such as GDP and PMI conceal a grim reality. Businesses are closing not just because they have been ordered to do so, but because they are r...

Investment thesis: the bond market has made great strides towards stabilization, largely due to the Federal Reserve Acting as the lender of last resort. Investors that are looking for higher yield could consider more conservative investments in the [[IEF]] (the 7-10 year Treasury) or the [[VCI...

With trillions of dollars of fiscal and monetary policy support being injected to fight the coronavirus crisis, we are fielding a lot of questions from clients about the inflationary consequences of these massive government interventions. Low inflation likely next 1-2 years Time horizon ...

When the Fed stepped in, were corporate bonds "illiquid," the market "dysfunctional," or were the prices just low, as they should be in advance of a Great Recession with a larger bankruptcy risk? Did the Fed "liquefy" the market, "intermediate," grease the wheels, or is it just buying, and pro...