bonds

May in Figures

May 30, 2015

The dollar resumed its uptrend in May following a counter-trend move in April.  An exception was the yuan, which marches to a government-managed beat rather than one set by market forces.  The kiwi was the weakest currency among those charted in this feature.  Long-term interest rates were mixed in May, while short-term rates again barely […] More

March and the First Quarter in Figures

March 31, 2015

Sovereign debt yields fell significantly during the first quarter of 2015.  In Switzerland’s case, so did short-term interest rates.  The dollar extended its rise against the euro, sterling, and commodity-sensitive monies, was steady against the yen and yuan, and fell against the Swiss franc despite a 1.9% rise in March against that currency.  Dollar strength […] More

February in Figures

February 28, 2015

The short month of February lacked a consistent story to tie around different asset market classes.  Share prices appreciated across the board, but the dollar underwent mixed and rather diverse changes ranging from a 3.8% rise against the Swiss franc to a similarly-sized depreciation versus the New Zealand dollar.  U.S. and British long-term interest rates […] More

January in Figures

January 30, 2015

2014 got off to an extraordinarily volatile start in the marketplace, with huge declines in long-term interest rates, big gains in the yen and dollar, wide swings in equities not all in the same direction, a 9.4% drop in oil prices, and a recovery of 8.0% in the price of gold. The month saw huge […] More

December and 2014 in Figures

January 4, 2015

Substantial declines were posted in 10-year sovereign debt yields both in December and in calendar 2014.  British share prices stagnated, but other equity markets performed very well.  The three-month eurilibor interest rate fell 21 basis points last year, and Swiss short-term rates moved below zero.  The dollar experienced once of its best years, posting similar […] More

November in Figures

November 29, 2014

In November, long-term interest rates fell sharply, and oil prices plunged nearly 20%.  Most equity markets but not Germany’s appreciated, and so did the dollar against most other currencies.  Gold closed little changed on balance. 10-Yr Yield 10/31/14 10/31/14 Chg vs End-Oct U.S. 2.33% 2.16 -17 Basis Points Germany 084% 0.70% -14 Japan 0.45% 0.41% […] More

October in Review

November 2, 2014

Most long-term interest rates declined in October.  Little change in three-month interest rates masked a widening polarization of monetary policies, as the Fed ended quantitative easing, the Bank of Japan augmented quantitative stimulus, and ECB officials remained publicly divided over whether to stimulate further and how to do so.  The dollar strengthened most sharply against […] More

August in Figures

August 30, 2014

Long-term interest rates fell substantially in August.  Stock markets, with the notable exception of Japan, recorded gains, and the U.S. performance was the best in a half year.  The dollar rose against the euro, Swissie, sterling, yen and kiwi but fell marginally against the loonie, yuan and Australian dollar.  Short-term interest rates were narrowly mixed […] More

July in Figures

July 31, 2014

Like an Olympic bicycle racing event, most of the financial market action in July happened at the end of the race.  For the month as a whole, the dollar mostly rose, while share prices, commodities and bond yields mostly fell.  None of the dollar’s year-to-date movements exceeded +/- 4.0%. 10-Yr Yield 07/02/14 Chg vs End-2Q […] More

May in Figures

May 31, 2014

Stock markets in May took a more optimistic view of growth prospects than did bond investors, making May the unusual month in which both asset classes improved.  Short-term interest rates remained anchored at very low levels.  The euro lost strength on speculation that the ECB will ease policy significantly in June.  From a monthly high […] More

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