Market Update 1/15/2020

The U.S. economy added 145,000 jobs in December, extending the streak of monthly gains to 111. December’s gain slightly missed the expected 160,000, but nevertheless capped a strong decade that saw the U.S. economy add almost 23 million jobs and end with the unemployment rate at a 50-year low of 3.5%.

Market Update 12/12/2019

Longer-term U.S. government bond prices fell last week on data that increased optimism surrounding the U.S. economic outlook. Data released last week showed the U.S. labor market remains strong, with job gains, the unemployment rate, and wage growth all beating expectations.

Market Update 11/19/2019

Last week ended with the October industrial production report meaningfully disappointing, which helped Treasurys stage a week-end rally.

Market Update 10/23/2019

The short end of the yield curve declined last week as futures increasingly price in expectations for a rate cut at the next Federal Reserve meeting and the U.S. and China reached a near term cease-fire concerning further tariffs.

Market Update 10/8/2019

Yields dropped last week for short-term and long-term U.S. Treasury notes as investors digested mixed economic data throughout the week.

Market Update 8/26/2019

Short-term Treasury yields rose moderately while long-term Treasury yields dropped moderately over the course of the week on talks of monetary policy and increased trade tensions between the United States and China.

Market Update 8/20/2019

Thursday of last week witnessed the 30-year Treasury yield fall below 2% for the first time ever and the U.S. two-year bond had a higher yield than the U.S. ten-year bond for the first time since before the last recession.

Market Update 8/6/2019

Yields continued to fall during a busy week that included an interest rate cut, an escalation in the trade war between the U.S. and China, and new jobs data. On Wednesday, the Fed cut rates by 0.25%, citing weak global growth, trade uncertainty, and soft inflation.

Market Update 7/24/2019

Even when not meeting the Federal Reserve is managing to move markets. On Thursday, the Federal Reserve Bank of New York’s President John Williams commented that it is beneficial for monetary policy to respond quickly when there is need for stimulus as a result of slowing economic conditions.