News & Events

Since 2011 the 10-year Treasury yield has pierced 3.0 percent on rare occasions – a few brief months in the fall of 2018 and 1 or 2 daily forays in late 2013.

The trillion-dollar (nominal) question of the week is whether the 8.5 percent inflation rate recorded in March marks the peak for the cycle.

The bond market experienced an attack of the Federal Reserve Bs –Brainard and Bullard – whose hawkish comments accelerated the upward move in long-term Treasury yields this week.

With the calendar page turning to April, it’s with great pleasure that we say good riddance to the first quarter. To be sure, not all the news was bad.

While nothing has substantively changed between the FOMC meeting and this week’s conference, other Fed officials seconded Powell’s more hawkish rhetoric.

Since 2011 the 10-year Treasury yield has pierced 3.0 percent on rare occasions – a few brief months in the fall of 2018 and 1 or 2 daily forays in late 2013.

The trillion-dollar (nominal) question of the week is whether the 8.5 percent inflation rate recorded in March marks the peak for the cycle.

The bond market experienced an attack of the Federal Reserve Bs –Brainard and Bullard – whose hawkish comments accelerated the upward move in long-term Treasury yields this week.

With the calendar page turning to April, it’s with great pleasure that we say good riddance to the first quarter. To be sure, not all the news was bad.

While nothing has substantively changed between the FOMC meeting and this week’s conference, other Fed officials seconded Powell’s more hawkish rhetoric.