Federal Reserve

This morning, I wrote how benchmark 10-year yields fell to record lows, which you can readhere. Currently, yields have continued to fall and just breached the 1.63% level to the downside. The low in yields was just around 1.6290, and this further sell-off is coinciding with the global risk-off...

This morning, the benchmark 10-year US treasury yield hit an all-time low of 1.65% and investors are clamoring to understand what this low of a yield means for their portfolio. What is more interesting is the increasing divergence of credit and equity markets in this respect. As shown by the chart...

This morning, Egan-Jones Ratings slashed its rating of the Kingdom of Spain another two notches, after cutting it two notches last week, to a rating of B. For those who are unsure, Egan-Jones uses a similar scale to S&P and Fitch, so investment grade is above BBB- and sub-investment grade is BB...

Next week is a crazy week in terms of data releases. On Monday, the data docket is rather lackluster (do note, US markets are closed, but investors who trade non-US assets will still use this). Overnight, we will get the Italian Business Confidence Survey and after the close we get the Japanese...

I was recently able to get in touch with Credit Suisse's Chief Economist, Dr. Neal Soss, and ask him a few questions about his views on the economy. With financial markets being so macro driven over the last few years, it is crucial for investors to understand the macro picture and at least...

Fed's New York President Bill Dudley spoke to CNBC's Steve Liesman on an exclusive interview for the network, in which he addressed a shift to hawkish territory to its previously dovish stance on monetary policy. Not hawkish was his take on the derivatives trading debacle involving banking giant JP...

Yesterday, Bank of America put out a report highlighting that the best QE indicators are the 10-year and 5-year breakeven rates. For those who don't know, the breakeven rate is equivalent to market expectations of inflation. For the 10-year breakeven rate, you would subtract the inflation-protected...

Finally, the EUR/USD has broken out of its 1.30-1.33 range to the downside, as expected. The deterioration of sentiment in Europe is finally occurring, as the market wises up to the fact that the LTRO's did nothing other than buy time for the banking system. Remember, financial crises go through...

Tomorrow, the economic data docket is filled with inflation numbers from around the world, as well as Canadian employment data. First off, at 21:30 est, Chinese inflation, both CPI and PPI numbers, are to be released. The consensus estimates for these numbers are 3.3% year-over-year and -.5% year-...

There has been a lot of weakness in growth currencies recently, largely due to fears of a continued global slowdown. Also, a weak Euro has been one of the biggest consequences of the deflating European economy. The EUR/USD Dollar cross rate has been extremely weak over the last 10 months, trading...