From WisdomTree: When investors talk about the Federal Reserve (Fed), the natural focus tends to gravitate toward the potential for rate action, and in our present situation, that would mean future rate hikes.
From WisdomTree: Just when everyone thought they had the U.S. Treasury (UST) yield curve all figured out, the unexpected happens. Yes, as the calendar turned to autumn, the Treasury yield construct decided to do a 180 from its predominant flattening pattern–and actually re-steepen.
From WisdomTree: It was an incredibly volatile week in the bond market on both sides of the Atlantic, as the month of October got underway.
From WisdomTree: The Federal Open Market Committee (FOMC) delivered on its highly anticipated rate hike at its September meeting. This now brings the top end of the target range for Fed Funds to 2.25%.
From WisdomTree: On last week’s “Behind the Markets” podcast, we spoke with Leonard Nakamura, an economist at the Federal Reserve (Fed) Bank of Philadelphia and a former professor at the Wharton School.
From WisdomTree: In the first quarter of 2018, we highlighted the rationale for our highest-conviction fixed income trade over the next two years. Despite making headlines, Jamie Dimon’s concern about a 5% 10-Year Treasury yield is probably only a 10% probability, in our view.
From WisdomTree: Following the launch of the WisdomTree 90/60 U.S. Balanced Fund (NTSX), Cliff Asness, co-founder of AQR Capital Management, commented on Twitter that although he had a “22-year head start” from a research perspective (linking to a piece he wrote in December of 1996 serving as Goldman Sachs Asset Management’s director of quantitative research), WisdomTree […]
From WisdomTree: Just when the focus was shifting to robust U.S. growth numbers and higher inflation readings, global events, once again, interjected themselves into the bond market equation.
From WisdomTree: Although U.S. interest rates have risen from their record-setting depths, there is no doubt that, from a historical basis, they still remain rather low.
From WisdomTree: No, the Treasury yield curve is not quite like Maverick was in Top Gun, but it’s getting close.
From WisdomTree: Over the last week to 10 days, investors have been presented with a whole host of news. There have been summits of various kinds as well as central bank meetings of the G-3 (U.S., eurozone and Japan).
From WisdomTree: As the Federal Reserve (Fed) continues its balance sheet unwind and gradual raising of short-term interest rates, one underappreciated market dynamic is the consistent march higher in duration for bond benchmarks such as the Bloomberg Barclays U.S. Aggregate Index (Agg).
From WisdomTree: No surprise here: The Federal Open Market Committee (FOMC) delivered its second rate hike of 2018.
From WisdomTree: With the U.S. Treasury (UST) 10-Year note yield hitting its highest level since 2011 earlier this month, investors have been asking if any buyers have emerged.
From WisdomTree: Last Tuesday, May 15, represented a red-letter day for the U.S. Treasury (UST) market, as the 10-Year yield moved above a key technical level and ended up posting its highest numbers since 2011.