The US/China Relationship: Investors Complacent Despite Irreconcilable Differences
By confronting Beijing over the US deficit in bilateral trade, President Trump has opened a Pandora’s Box of grievances concerning the broader...
154 Views
Fed Holds Steady; Treasury Boosts Issuance Again
As was widely expected, the FOMC left the fed funds rate target range unchanged at 1.5%–1.75% today (the vote was unanimous). The policy statement...
93 Views
U.S. Deficit Financing, Yields, and the Shape of the Treasury Curve
We discuss fiscal trends and the impact on Treasury issuance, then combine this with the expected path of the fed funds rate and Fed balance sheet...
105 Views
Commodities Pressuring Yields - Metals Bull Theme
We have made a case for higher US 10 year bond yields from the 2.15% level amid a bullish oil and energy stance. We are now seeing renewed signs of...
118 Views
10yr 3% Pressure Test -
US 10 year yield is on the rise again, on the back of the bull wedge breakout that has been taking shape since February. Our call was for a drift...
83 Views