…two yields because the all-time record-low yield on the 10-year note is burned into my mind at 1.39 percent, set back in 2012. Seeing the yield on the 10-year still…
…closure. Like a picture, I think a chart is worth a thousand words. The following chart shows the yield for the Barclays High Yield (junk) index compared to the yield…
…moved from ZIRP to NIRP, which stands for ‘negative interest rate policy.’ Denmark, Switzerland and Sweden were the first central banks to impose negative policy benchmark rates last year. The…
Last year, one of the big stories was falling yields. Much to everyone’s surprise the yield on the 10-year US Treasury note fell from an even three percent to 2.17…
…but they’re wondering what else they can do. As noted above, one idea is yield curve control. This tool would mean that the Fed would target a specific yield on…
…normal. Today, the yield curve is steep. One way to see the steepness is to look at the difference in yield between the two-year US Treasury note and the 10-year…
…are higher. Utilities are a popular example because the yields are relatively high. The SEC-yield (an imperfect, but standardized measure) on a popular Utilities ETF is 3.54 percent, compared to…
…with yields as low as they are on all bonds, it’s fair to say that bonds are expensively priced as well. The low yield environment has caused some clients to…
When looking at the shape of the yield curve it’s easy to see that a lot has changed. Low yields overall have certainly pinched bond investors and made them look…
…more of the same. While I am negative on the idea of three percent growth rate this year, I don’t think we are looking at a recession at this point….
