It’s early for that bugaboo, but it is mercifully obscured by another one: “yield curve inversion.” First the data, then define the terms, study the patterns, and make a wild guess. Monthly orders for “durable…
Markets held tight ranges this week, the 10-year T-note entering its sixth month trading between 2.90% and 3.00%, lowest-fee mortgages roughly 4.75% throughout. The week brought little new economic data, and efforts to think about…
Long-term US interest rates today are the same as one week ago. How we have arrived at unchanged is a good yarn. The eventful last week began with the G-7 meeting and our declaration of…
This past week has been quiet in anticipation of the five-ring circus in the week ahead. The program: G7 meetings underway now and through the weekend, the Kim summit and European Central Bank (ECB) on…
