Treasuries

The next Fed rate decision

November 6th, 2015|by Michael Ashley Schulman, Perspectives, The Here and Now|

I. Don’t be overly surprised by a Fed rate rise at the next FOMC meeting on Wednesday, December 16, 2015

  • Although off cycle announcements are a remote possibility, this is a Fed that wants to avoid surprises
  • Even though several economic indicators are worse now than they were in 2012 – when QE was purchasing $85B a […]

September was a headline grabbing month for investors

September 30th, 2006|by Michael Ashley Schulman, Perspectives, The Big Picture, Writers|

September was a headline grabbing month for investors.

  • Treasuries strengthened
  • Housing wilted further
  • Stocks strengthened
  • Commodities (including oil and gold) weakened
  • Some notable hedge funds had remarkable trouble

The financial market’s resilience bodes well for domestic equity and fixed income markets.

Treasury prices continued their rally, bringing benchmark yields to six month lows. The market has been buoyed by investor sentiment […]

The values of U.S. Treasuries have continued to decline

June 30th, 2006|by Michael Ashley Schulman, The Big Picture, Writers|

The values of U.S. Treasuries have continued to decline and will keep deteriorating as long as the Federal Reserve raises rates and government data shows economic strength. Further downward pressure has come from foreign central banks that have been net sellers of Treasury notes for several reasons:

  • Central banks are diversifying away from the dollar into […]