bond yields

July in Figures

July 29, 2016

In July, the price of West Texas Intermediate oil plunged more than 10%, the 10-year British gilt yield dived 75 basis points, share prices around the world rallied strongly, and the dollar slipped moderately against a broad spectrum of other currencies. 10-Yr Yield 06/30/16 07/29/16 Chg v End-2Q U.S. 1.48% 1.45% -3 Basis Points Germany […] More

April in Figures

April 30, 2015

There was a huge rebound in West Texas Intermediate oil prices during April, but the level at end-month was still way below where such was trading last June.  Comex gold and short-term interest rates were little changed, in contrast.  The dollar posted across-the-board losses in the month.  After today’s sharp losses, U.S. stocks were only […] More

September and 3Q in Figures

September 30, 2014

The dollar rose broadly and commodities fell in both September and the third quarter.  Ten-year sovereign debt yields rose in September but fell in the summer quarter.  Three-month euro deposit rates fell sharply in July-August but little further in September.  Other short-term interest rates held generally steady in the quarter. 10-Yr Yield 09/30/14 Chg from […] More

March and the First Quarter in Figures

March 31, 2014

Ten-year sovereign debt yields rose slightly in most of our survey during March but still posted significant declines in the quarter.  There was again almost no movement at the short end.  Oil and gold prices traced directionally opposite moves against one another in both March and 1Q.The dollar fell over 3% in March against the […] More

November in Figures

December 3, 2013

Most sovereign debt yields went up last month, whereas commodities declined.  The dollar advanced against the yen and commodity-sensitive currencies, declined against sterling, and held generally steady on balance against the euro, Swiss franc and yuan.  Although share prices strengthened generally, the British Ftse’s 1.2% drop proved an exception.  Short-term interest rates remained anchored at […] More

December, 4Q12, and 2012 in Figures

January 2, 2013

Fiscal cliff worries depressed the dollar but did not prevent a rise of equities in December.  Stocks also posted gain in 2012 as a whole.  For the year, interest rates fell both in short and long maturities, particularly in Germany.  The dollar rose nearly 13% in 2012 but lost ground otherwise.  Gold climbed  7% from […] More

January in Figures

January 31, 2012

January saw gold prices soar more than 11% and the dollar fall across the Board.  Oil prices hovered around both sides of $100 per barrel and both opened and closed below that barrier. Great Britain and Switzerland did not partake as fully as some other countries in the generally superlative early 2012 performance of share […] More

Multi-Decade Bull Market in Fixed Income Securities

December 20, 2010

As 2010 draws near its end, many analysts are proclaiming the end of a multi-decade bull market in fixed-income securities.  The power of that bull market is can be seen in the table below, which presents sequential five-year averages in 10-year sovereign debt yields for the United States, Germany, Japan, Britain and Canada.  Average yields […] More

Footprint of Deflation in Major Advanced Economies

July 27, 2010

The fear of future inflation has ushered in an age of austerity even as prospects for sustained economic recovery among major advanced nations face substantial and unusual uncertainty.  It is feared that government deficits, which ballooned in response to a drop in tax revenues caused by the deep recession, will be monetized away by central […] More