Nothing happened this week. Oh, the temptation some Friday just to leave it at that. Plenty did happen, of course, but markets are focused on the list of what’s happening that hasn’t quite happened yet.…
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…
