Jul. 27, 2018
Market Update: July 27, 2018
You probably noticed that there has been very little interest rate volatility recently. In fact the tight range on the 10yr Treasury in June was the smallest it’s been in several years.
Jul. 12, 2018
Market Update: July 12, 2018
Last week was the ever important payroll report which showed 213k jobs added in June versus the 195k that was expected. A very positive sign but the more interesting piece of data was the unemployment rate which surprisingly went up from 3.8% to 4.0%. This was largely a result of a growing labor force, as the labor force participation rate also went up 0.2%.
Jun. 21, 2018
Market Update: June 21, 2018
Last week was another FOMC meeting where they raised the Fed Funds rate to the range of 1.75 to 2.0%, in what was a widely anticipated move. The attention now shifts to the meeting in September with the market pricing in an 81% chance the Fed moves rates for a third time this year. Also, there is now a 50% chance the Fed raises rates a fourth time in December.
Jun. 7, 2018
Market Update - June 7, 2018
If you've been following the market you've likely noticed that the 10yr Treasury is back down below 3%. When it seemed like nothing would stop the 10yr from rising to 3¼%, fears in Europe, mainly Italy caused a rush to safety. Right now the 10yr is trading right around 2.95% in a new range between 2.8 and 3.1%.
May 24, 2018
Market Update: May 24, 2018
The 10yr finally broke through the key 3.03% resistance level and traded all the way up to 3.11%. While it looked like the 10yr was going to continue its climb closer to 3.20%, there has been some international growth concerns that have the 10yr back down to 3.01% currently.
May 10, 2018
Market Update: May 10, 2018
The FOMC meeting came and went last week with little change in the Fed’s stance of 3-4 interest rate increases for 2018. If anything the Fed was slightly more dovish in their tone when they stated it’s possible they could slightly overshoot their inflation target of 2%. The translation of that means that perhaps there will only be three interest rate increases this year.
Apr. 12, 2018
Market Update: April 12, 2018
Today we are going to talk about what’s happening in the capital markets. On March 21st the Federal Reserve met and raised the benchmark rate by 25 basis points. Now what you may not have noticed or expected is that longer term interest rates actually came down since the meeting.
Mar. 28, 2018
Market Update: March 28, 2018
Today we are going to talk about what’s happening in the capital markets. No doubt by now you are aware that the Federal Reserve met last week and raised the benchmark rate 25bps.
Mar. 15, 2018
Market Update: March 15, 2018
Today we are going to talk once again about what’s happening with interest rates. Recall from mid-December to mid-February, the 10 year Treasury rose from 2.35% all the way up to 2.95%. Now in the last month it’s down somewhat to around 2.85% while the market takes a little bit of a breather.
Feb. 8, 2018
Market Update: February 8, 2018
As you’ve seen over the past month interest rates have gone up over 40bps and there has been a lot of volatility in the stock market as well. It might feel like there is no end to the rise in interest rates as they are now up almost 75bps since July.