swap spreads

1 min read 2021-11-10 06:27:32

Landmine Review: The Big One

Representatives in Congress from both parties were understandably apoplectic. Amidst the world’s worst monetary chaos since the Great Collapse

8 min read 2021-02-04 06:00:27

Tomorrow represents the 6-month mark for the Treasury market. On August 4, 2020, nominal benchmark 10-year yields declined to their absolute closing

7 min read 2021-01-05 06:56:01

Is there a difference between inflation or reflation, and whatever this is? Not mere semantics, it may be everything for what the future ultimately

6 min read 2020-12-17 07:43:42

They really got carried away, though in the context of that time there seemed any number of legitimate reasons for this. Gold investors were bidding

5 min read 2020-11-18 07:18:32

The Presidential election was supposed to have been a big one. Yields were low, or high, based on how whichever expert or financial media article was

5 min read 2020-11-11 07:45:57

What’s interesting about vaccine-phoria is that it’s largely been contained to just the one part of the bond market. Nominal Treasury yields at

6 min read 2020-11-07 07:48:25

The primary reason for that first rate hike in a decade in December 2015 was ferbus figuring that full employment had probably been reached,

4 min read 2020-11-03 07:05:44

Trump or Biden? Will we even know tomorrow? Many purport that markets are leaning one way or the other, typically based on whichever market leaning

5 min read 2020-10-29 06:06:31

This isn’t about COVID. It’s been building since the end of August, a shift in mood, perception, and reality that began turning things several

6 min read 2020-10-16 06:26:37

The molehills get even smaller simply because there’s never any mountains. The conventional view, no surprise, is looking at this situation exactly

3 min read 2020-09-03 06:27:01

Since the unnecessary destruction brought about by GFC2 in March 2020, there have been two detectable, short run trendline upward moves in nominal

4 min read 2020-03-25 06:28:45

There are three things the markets have going for them right now, and none of them have anything to do with the Federal Reserve. More and more

5 min read 2020-02-21 05:45:43

Making the rounds on Twitter yesterday (h/t to M. Simmons) was a quote attributed to Minneapolis Fed President Neel Kashkari. I can’t find any

3 min read 2020-02-06 04:45:34

On January 14, FRBNY announced that it would continue offering its short-term liquidity operations for another month, until at least February 13. In

7 min read 2019-12-05 04:31:02

There it was sticking out like a sore thumb right in the middle of what should have been the glory year. Everything seemed to be going just right for