Newsclips
What We’re Reading
March 29, 2018
Today's topics include doubts about inflation's return, rising short-term rates, LIBOR, emerging market default rates and Federal Reserve independence.
Today's topics include doubts about inflation's return, rising short-term rates, LIBOR, emerging market default rates and Federal Reserve independence.
Baa-rated debt has grown from just 25% of all U.S. investment grade corporate debt in 1989 to 48% today.
The average maturity on AAA-rated U.S. corporate debt is much higher than that of the rest of the investment grade spectrum.
A comparison of debt to GDP along with a breakdown of private and government debt
An updated look at bond sentiment
Stock total returns since crude oil bottomed on February 11, 2016
Crude oil is up 149% since bottoming in February 2016.
The global economy is seemingly exhibiting growth dynamics akin to occurring late in a cycle. Investors in U.S. Treasuries have built in the largest inflation premiums since prior to the crisis. Inflation needs to 'put up or shut up' to avoid a return to lower yields. For the moment, the U.S. 10-year yield is the highest across major developed economies.
European economic growth is decelerating quickly and driving investors out of high-flying technology stocks.
The Atlanta Fed's GDP Now sees Q1 growth at 1.8%. The New York Fed's Nowcast sees 2.9% Q1 growth. What gives?
Today's topics include the stock market correction, the yield curve, the trade war, bond yields, LIBOR and home prices.