Weekly Market Commentary

September 23, 2014

Bond markets ticked up and down last week awaiting the release of Federal Open Market Committee minutes and the outcome of the vote on Scottish independence.  The 10-year Treasury yield opened at 2.61% and closed the week on an up note at 2.57%.

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September 16, 2014

In mid-September, America marks three very different but significant moments in its history. Observances in New York, Washington and Shanksville, Pennsylvania commemorate the 13th anniversary of the heinous attacks of 9/11 which launched our war on terror.

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September 09, 2014

Citing intolerably low rates, oppressive prices, reduced allocations, and an overall lack of goods, quite a few municipal bond investors remain committed to the market. The AAA 30-year tax-exempt yield at this writing is 3.11%, down 26% from where it began the year.

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September 03, 2014

With conflict zones on every continent except Australia, investors fled to the safe haven of U.S. government bonds again last week.  The 10-year bonds of Germany, France, and the U.K. were at 0.88%, 1.25%, and 2.26%, respectively, so 10-year U.S. Treasuries looked even more attractive at 2.34%.

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August 26, 2014

Raising interest rates is not exactly a do-it-yourself activity. It requires lots of assembly, specialized tools, data back-ups, warning and instruction notices in multiple languages and a willingness to be second guessed by just about everyone on planet Earth except for folks with traditional savings accounts.

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August 19, 2014

The Cowboy State is being taken over by a herd of central bankers from around the world this week.  Jackson Hole, WY becomes the host of the monetary policy rodeo this time every year at the annual economic conference hosted by the Federal Reserve Bank of Kansas City.

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