US Treasuries – Despite a dovish tone from the Federal Reserve, Treasuries declined during February as yields rose across the curve. The market does not expect the Federal Reserve to raise their target interest rate in 2019. The Treasury yield curve steepened slightly during the month. Municipals – Municipals continued their steady climb upwards, generating… Read more »
The Macro View
Posts Categorized: Fixed Income
Fixed Income Market Summary January 2019
US Treasuries – January brought continued strong performance for Treasuries despite a surge in equities during the month. The Federal Reserve abruptly shifted its tone, leading investors to believe that the Fed may pause their tightening cycle in 2019. Continued flattening of the Treasury curve is something to monitor as is projected Treasury issuance as… Read more »
Fixed Income Market Summary – December 2018
US Treasuries – Massive equity market volatility in December propelled treasuries to their best month of 2018 and pushed them into positive territory for the year. In December, the Federal Reserve hiked interest rates for the 4th time in 2018 and continued to maintain that the political and equity market drama would not deter them… Read more »
Fixed Income Market Summary September 2019
Performance Snapshot: While equities have been strong through September, so too have bonds. In fact, all domestic fixed income sectors have outperformed the S&P 500 since 10/1/2018. Sector Summary: US Treasuries: A bounce back in stocks and diminishing headline risk caused a move out of US Treasuries, causing prices to decline and yields to… Read more »
MacroView’s November 2018 Bond Market Summary
US Treasuries – The 10-year treasury reached its peak closing yield thus far in 2018 on November 8. However, ongoing equity market volatility driven by trade concerns, coupled with more dovish language from Fed Chair Jerome Powell reversed the upward trend in interest rates as the month drew to a close. The spread between… Read more »