sovereign debt yields

May 2019 in Figures

June 1, 2019

The month of May exemplified the global interdependence national financial markets, and the unifying force was rising risk aversion. Whereas equities had climbed broadly in April, all the ones shown below dropped just about as sharply in May. Likewise, climbing 10-year sovereign debt yields in April were reversed last month, and except in the case […] More

April in Figures

May 1, 2019

The first-quarter rebound in share prices continued in April at pretty much the same pace of climb but with British stocks lagging somewhat. Central bank interest rates were not changed during the month in the U.S., Euroland, Great Britain, Japan, or Switzerland. U.S. President Trump sustained his tweeting campaign, urging the Fed to cut rates […] More

March and First Quarter 2019 in Figures

March 30, 2019

The table below documents changes in key market variables during March and the first quarter of 2019. Sharply reduced sovereign debt yields in both time intervals amidst slowing global growth and lessening inflation were a driving force behind other markets as well. Equities benefited but not nearly as much in March when the U.S. yield […] More

April in Figures

April 29, 2017

In April, ten-year sovereign debt yields fell a little more sharply in the United States than other economies, but the dollar was mixed, falling against the euro, sterling, and Swiss franc but not the yen. The dollar advanced solidly against commodity-sensitive currencies, and West Texas Intermediate crude oil slipped back below the $50 per barrel […] More

Stocks, Bond Yields and Dollar Down But Gold Strengthens Further

February 24, 2017

Investors turned cautious as the third full week of February wound down. The dollar has lost 0.4% against the Aussie dollar, 0.3% relative to the yen and euro and 0.2% vis-a-vis the Swiss franc. The yuan, loonie and sterling are unchanged against the greenback. Share prices fell 1.0% in Hong Kong, 0.7% in Singapore, 0.6% […] More

Sovereign Debt Yields Fall Further Despite FOMC Minutes

February 23, 2017

10-year sovereign debt yields are down 5 basis points in The Netherlands, 4 bps in France (helped by a Macron/Bayrou political agreement to support one another against the Far Right), 3 bps in Britain, and 2 bps in the U.S. and Germany. Minutes from the FOMC meeting of January 31/February 01 reveal a widely held […] More

Significant Further Drop in Sovereign Debt Yields

February 8, 2017

Ten-year sovereign debt yields are down five basis points in Germany, Spain, Italy and the U.K. and by 3 bps in U.S. Treasury futures. The dollar firmed 0.1% against the euro overnight but is otherwise slightly lower, having slipped 0.4% against the yen, 0.3% relative to the Canadian currency and Mexican peso, 0.2% against the […] More

December and 2016 in Figures

December 31, 2016

Although the federal funds rate was raised three fewer times in 2016 than many U.S. monetary officials were expecting a year ago, short-term interest rate differential moved significantly more in favor of U.S. assets over the course of the year. This shift was reflected in 10-year bond yield spreads between the United States and both […] More

Dollar Strengthens, Bond Prices and Mexican Peso Fall

November 10, 2016

Large protests against the U.S. election results erupted in several U.S. cities overnight, including N.Y.C., Chicago, Oakland and Seattle. President-Elect Trump will travel today to Washington to meet President Obama at the White House to begin the transition of administrations. On the premise of a more stimulative U.S. fiscal policy, a likely federal funds rate […] More

Weaker Dollar, Bonds and Stocks on Fresh Wave of Risk Aversion

May 12, 2015

The dollar fell overnight by 1.2% against the Swiss franc, 1.1% versus the Australian dollar, 1.0% vis-a-a-vis the euro, 0.7% relative to sterling, and 0.6% against the kiwi.  The dollar also rose 0.2% against the loonie, held flat against the yuan and edged only 0.1% lower vis-a-vis the Japanese yen. Share prices fell 2.3% in […] More

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