The Macro View

Fixed Income Market Summary – December 2018

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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 »


MacroView’s November 2018 Bond Market Summary

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  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 »


MacroView’s October 2018 Bond Market Summary

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US Treasuries – Treasury yields rose across the curve in October, continuing their rise to the highest level year to date. There was, however, a slight interruption in the middle of the month to this upward trend as volatility proved that Treasuries are still the beneficiary of a flight to quality during equity market stress…. Read more »


Flattening Yield Curve – A Sign of Things to Come?

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  Lately, the topic at the forefront of headlines and discussions in the investment industry is the flattening US treasury yield curve. This phenomenon occurred as short-term interest rates, largely influenced by the Federal Reserve’s monetary policy tightening, have risen significantly. On the flipside, long-term interest rates, which are largely influenced by growth and inflation… Read more »


Don’t Confuse Maturity With Duration

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Owning a Portfolio of Actively Managed Individual Bonds will be Critical in a Rising Rate Environment For advisors that allocate to fixed income (and we assume that to be most), the days of simply buying bond mutual funds/ETFs and having them sit essentially unmanaged in client portfolios are quickly coming to an end. Rising interest… Read more »