August 31, 2019 | The bond market zoomed higher in August, following the Fed’s “insurance cut” and President Trump’s higher tariff penalties on China. Yields on US Treasury bonds collapsed for one of the biggest drops (or biggest UST bond rallies) since the European sovereign debt crisis 8yrs ago . . . .
July 31, 2019 | The bond market consolidated in July trading off after the 4th of July holiday into a modest downtrend and then went sideways for the rest of the month in anticipation of the Fed meeting at month end. Despite an upward shift on the front end of the US Treasury yield curve, the “stubborn” inversion still prevails in the belly of the curve . . .
June 30, 2019 | The bond market continued its very firm move to lower yields aided by a significant downward shift of the US Treasury yield curve, but a “stubborn” inversion on the front end still prevails. The rates move extended the trend to lower yields all month long and (after last month’s rally) has now matched one of its longest rallies . . .
May 31, 2019 | There was a significant change in market tone during May as US Treasury bonds rallied and equity markets plunged. The primary impetus for the abrupt mood change was the FOMC minutes and rising trade tensions. The US Treasury bond rallied all month long and finished May quite over-bought . . .
April 30, 2019 | There was very little change in the tone of markets over the course of April. The March FOMC Minutes were released early in the March and confirmed that the Fed will be data dependent and patient in making another move (either way) . . .