Much Ado about Nothing

Much Ado about Nothing

The brief rout reversed on expectations of further easing by global central banks – a common elixir to economic malaise and market volatility these past several years.
Are we there yet?

Are we there yet?

The yield curve bear steepened (see Figure 1) as two-year Treasury yields increased 9bps while the thirty-year Treasury yield increased 59 bps.
The Waiting Game

The Waiting Game

Risk assets delivered uneven results and U.S. Treasury yields were volatile as well (see Figure 1). On the quarter, performance rewarded duration and U.S. Treasury exposure.