SOFR rose above the top end of the Fed's target range for the second quarter-end in a row. Usage of the Fed's Standing Repo Facility remains low, however.... Read More
The beginning of the year is a good time to look at seasonality, both returns and volatility.... Read More
TLT's flows suggest bond traders are abandoning the long end of the yield curve. This is consistent with the idea that Fed cuts are raising inflation expectations.... Read More
A look at outstanding amounts of Treasuries, corporates, agencies, munis and open market paper... Read More
The amount of outstanding private credit in the U.S. experienced a brief decline during the financial crisis, but government debt grew throughout the entire period.... Read More
Private pension funds typically have much smaller funding gaps than their government counterparts.... Read More
Defined benefit plans continue to be replaced by IRAs and defined contribution plans.... Read More
Over the past couple decades, households' real estate equity and direct stock ownership have moved in lockstep.... Read More
Roughly 41% of FDIC deposits in the U.S. are uninsured.... Read More
Long-term rates started rising right after the Fed started cutting the funds rate, similar to what happened when the Fed cut rates before 1981. Powell needs to explain why this is not a signal of a policy mistake. Otherwise, yields will continue to climb until the Fed ends the cutting campaign.... Read More
The market continues to rally on the backs of a select few stocks in the S&P 500.... Read More
As sellers' leverage in the market dissipated and mortgage rates increased, many homeowners decided to stay put in their existing homes. New listings dropped markedly since June 2022.... Read More
Jim Bianco joins Bloomberg to discuss the Federal Reserve, Payrolls Report & Bond Market with Jonathan Ferro, Annmarie Hordern & Dani Burger.... Read More
Jim Bianco joins Schwab Network to explain why the Fed should not cut rates anymore with Caroline Woods.... Read More
Jim Bianco joins Bloomberg Radio to explain why the Fed does not need to cut interest rates with Tom Keene and Paul Sweeney.... Read More