Chasing Yields

Today, the Treasury bond market reached a 24-year high across the 10-year, 20-year, and 30-year maturities. The 10-year climbed to 5.365%, the 20-year reached 5.77%, and the 30-year hit 5.732% (1&2).

August PCE came in slightly cooler than expected, up 0.3% for the month and 3.4% on an annual basis, versus estimates of +0.4% and 3.7%

The market seems to be signaling to the Fed that curbing inflationary pressures on consumers will not be a quick fix.

The U.S. Department of the Treasury is offering $125 billion of Treasury securities to refund approximately $96.3 billion of privately-held Treasury notes and bonds maturing on August 15, 2026.

The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate, and continuing its policy of maintaining ample reserves in the banking system.

On Tuesday, IBM shares crashed roughly 25%, the worst single-day drop in the company’s history, after pre-announcing preliminary Q2 results that badly missed expectations

Every investor is familiar with the quiet frustration of watching a solid return diminish under the weight of taxes and inflation.

Federal Reserve Chairman Kevin Warsh used his appearance with CNBC’s Sara Eisen at the ECB Forum on Central Banking to reaffirm his stance against forward guidance.

One of the most frequent questions fixed-income investors ask is whether it is better to buy individual bonds or invest in a bond fund.

Successful investing starts with one thing — open, honest communication. Just as a doctor needs to know all your symptoms to properly diagnose and treat you.

Bond yields pulled back from last week’s elevated levels today as the 10-year Treasury dipped to a low of 4.47% from the high of 4.69% on 5/19.

Kevin Warsh will be sworn in as the 17th chair of the Federal Reserve this Friday, May 22, in a White House ceremony — and bond investors have good reason to pay attention.