Dimon & Greenspan Both Strike Cautionary Notes on the Bond Market
In response to current bond markets levels: JPMorgan Chase CEO Jamie Dimon’s interview with CNBC (Tuesday 8th August) strikes a similar cautionary, albeit less extreme note to that of the former Federal Reserve Chairman Alan Greenspan. Notably, Greenspan told...
U.S. Treasurys Flatten Post-Refunding Announcement; Ultra-Long Bonds Still on the Table
U.S. Treasurys curve flattens on the back off the Treasury Department’s quarterly refunding announcement on Wednesday, which saw no mention of ‘ultra-long bonds’. Yield on the benchmark 10-year notes rose slightly to 2.26, while the longer dated 30-year bonds sunk to...
Greenspan Warns that Interest Rates Could Rise Quickly Once Inflation Pressures Hit
The venerable former Federal Reserve Chairman Alan Greenspan has spoken out to warn markets that real long-term interest rates are unsustainably low and when these rise with inflation, bonds will be adversely affected. While the consensus of Wall Street forecasters...
Yellen’s Testimony on Inflation to Provide Clues on Fed Policy
All ears are on Fed Chairman Janet Yellen these 2 days as she gave her testimony yesterday expressing concern over inflation and is due to speak again tonight on this as well as the market-sensitive Fed balance sheet and interest rate position. Yellen’s...
