Rates are being influenced by many factors though one of the main concerns is the pace of global growth and pandemic recovery, particularly as European activity has been slower to rebound.
Chairman Powell committed, once again, to low rates this year and the J&J vaccine pause led to rate volatility, and ultimately, flattening of the yield curve.
Fixed Income Trivia Time: Only one president has been a member of Augusta National and has a pond near #9 named after him. Which president is it and what is the name of the pond? As Q1 2021 ended,…
This week saw upgraded economic forecasts and long-end yields moved up in response despite the Fed re-committing to near-zero rates for the near-term future.
This week we saw relief from both Washington and from the CPI data; as the yield curve steepens, fixed income investors begin to bet on the next fed hike.
We saw the continuation of higher yields this week as inflation concerns, positive vaccine news, and a faster recovery remain at the forefront of fixed income markets.