The two-year has broken through to the other side

Have we finally begun seeing the normalization of interest rates in U.S. Treasuries? Although we’ve seen sudden rises in interest rates before, we haven’t seen a precipitous rise like we’ve seen in the last month. Although we often focus on the ten-year Treasury as the barometer of interest rates, the two-year Treasury is our focus at this point.…

Same as it ever was…

Reflationary forces dominated the fixed income market as the second quarter ended. A June rate increase (to a range of 1.00% to 1.25% on Fed Funds) by the Federal Reserve, and a rise to the 2.84% level on the 30-year U.S. Treasury led some market participants to believe the long…

Bonds: Post crisis evaluation

Reporter Jon Sindreu from the Wall Street Journal recently wrote an article titled, “In the new bond market, bigger is better,” discussing how the bond market has been reshaped by post crisis regulations. I was able to provide commentary regarding the differences in selling a bond prior to the financial…

Not so sunny in Puerto Rico

Debt has been a hot topic worldwide the last couple of years as we see European nations as well as American cities struggle to get their hands around their funding needs. For the most part, those cities and states have been in the restructuring phase and we will continue to…