Global Interest Rates
Treasury Yield Curves Split, Raising Questions About What Comes Next for U.S. Economy
Executive Summary The Treasury market is delivering an unusually divided assessment of the U.S. ...Read more
Let’s Do the “Mini” Twist
Executive Summary The Treasury Department’s decision to double long-end bond buybacks produced...Read more
Bank Capital’s Riskiest Bonds Are Pricing Like the Safest
Executive Summary Additional Tier 1, or AT1, bank bonds are trading at near-historic tight sprea...Read more
Treasury Doubles Long-Dated Debt Buybacks as Yields Surge
The U.S. Treasury Department will at least double the size of buyback operations for longer-dated g...Read more
U.S.-Japan Yen Intervention Puts Global Interest Rates in Focus
Executive Summary Japan and the United States recently jointly intervened to support the yen aft...Read more
Fed Credibility Is Now the Market’s Biggest Trade
Executive Summary Federal Reserve Chairman Kevin Warsh’s communication strategy was put to a s...Read more
Three Votes for a Hike Shift the Fed’s Center of Gravity: Analysis
The Federal Reserve left its benchmark interest rate unchanged at 3.50% to 3.75% on Wednesday, exte...Read more
Fed Holds Rates Steady Despite Dissenting Voices
The Federal Reserve voted to hold its benchmark interest rate steady at 3.5% to 3.75% on Wednesday,...Read more
EM Debt Emerges as Top Relative-Value Play for Yield
Executive Summary Emerging market debt is regaining momentum after a three-year capital flight, ...Read more