The Bond Market Looks Confused Market sentiment has been flip-flopping back and forth between inflation concerns and economic concerns. The very rapid economic recovery has outpaced a COVID constrained supply chain and caused price increases and inflation concerns. Now, the COVID acceleration and rising prices are beginning to slow demand (see the recent housing data) […]
The Long and Short of Interest Rates When the week started, it appeared that short-term rates would be the ‘story of the week’ due to a planned drain of Treasury cash (See “Are Negative Rates Coming Despite Fed Opposition”, below.) However, on Thursday, long-term rates took center stage as the 10-year yield jumped from a […]
