Fed Holds, Signals Cuts

Fed Holds, Signals Cuts

At the FOMC meeting last week the Fed chose not to cut the Fed Funds Rate, but hinted that future cuts might be on the…

Making sense of the markets today

What do you have to believe to make sense of the bond and equity markets today? Fulfilling market expectations, this week the Fed kept rates…

The Global Bond Market

The global bond market is feeling negative. Truly negative.  Like “pay the issuer to take your money for years” negative.  Governments such as Germany, Japan,…

It all adds up

It all adds up. One, two, three, four. This week a combination of data points caused the equity market to rip and the 10-year US…

Curve ball

The Treasury yield curve is trying to tell you something.  The risk of a policy mistake is up and the risk to further economic expansion…