volatility

The Paved and Unpaved Road

May 4th, 2018|by Michael Ashley Schulman, Perspectives, The Big Picture|

Summary

  • Price volatility in stocks and bonds is normal and does not necessarily mean that market direction has changed
  • Interest rate increases by central banks and the selling of bonds they’ve acquired (i.e., the reversal of their policy over the […]

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 […]