Previous 10 | Next 10 |
As the Chief Global Strategist, Fixed Income for my firm, I am often overwhelmed by the various tasks I am involved in daily. I spend a good bit of the early morning, I get up at about 3:30 A.M., seven days a week, just doing one thing, which is "thinking." Playing the "Great Game" is not for ...
The Fed's cut was in-line with consensus expectations. Their future outlook will certainly not please our President. Chairman Powell's position that we are in a "mid-cycle adjustment" seems to be what has driven the Fed to their conclusion. This viewpoint, I believe, is in error. What is mis...
By Kathy A Jones Investors have watched bond yields in Europe and Japan slide below zero into negative territory, and some have wondered: Could it happen here? Although you can never say never when it comes to markets, I believe the odds are slim, for reasons discussed below. First, so...
By Ryan McMaken The money supply growth rate fell in August, dropping to a 150-month low. To find a lower growth rate, we need to go back to August 2007, when the rate was 1.59 percent. During August, year-over-year growth in the money supply was at 1.87 percent. That was down from July'...
The Fed has different priorities than the ECB, the Bank of Japan, the Swiss National Bank, et al. During the press conference today following the FOMC meeting, Fed chair Jerome Powell was asked if and when the Fed would push its policy interest rate into the negative. Powell did not respond ...
By Kevin Flanagan The Federal Reserve (Fed) is now two for two in terms of rate cuts. As was widely expected, the FOMC voted to reduce the Federal Funds target range by another quarter point, or 25 basis points (bps), following its September policy meeting. With this move now "in the books...
By Nick Maroutsos The Federal Reserve lowered its benchmark rate at its September meeting, but is divided about whether further cuts will be needed this year. Co-Head of Global Bonds Nick Maroutsos says the stance creates uncertainty for investors and ignores structural challenges in the ...
Originally published on September 16, 2019 The two-way trade resumes. Wow! What a week it was. Last week, I mean. Interest rates on the long end of the yield curve got yanked up so much the banking system ended up with a wedgie. The yield on the 30-year T-bond soared 35 basis points, t...
By Nick Childs, CFA While mortgages have underperformed U.S. Treasuries year to date, lower rates have sparked a refinancing wave that is creating tailwinds in the housing market. Portfolio Manager Nick Childs explains why we believe active management is key to uncovering opportunities in...
US Treasury 10-year yields could drop to 1% or below, Sri-Kumar Global Strategies President Komal Sri-Kumar told viewers of Real Vision’s Trade Ideas. On September 18, the Fed cut its benchmark interest rate by 25bps, a move which Sri-Kumar pointed out was already fully priced in...