Baker Market Update

As we say at the Baker Group, Happy Jobs Friday everyone! What a world we live in today when the breaking news headline on CNBC…

In a holiday-shortened week, we gobbled up some small helpings of economic data but the main show was Wednesday’s release of the minutes for the…

The yield curve further inverted this week with the 2yr yield rising 14bp while the 10yr yield fell 2bp. The 10yr2yr spread has now fallen…

Friendly inflation data and apparent political gridlock have put financial markets in a good mood as this week draws to a close. As the dust…

The first week of November was not boring for financial markets as we got an important read on both the labor market and the current…

It was another week of volatility as US Treasury yields fell across the curve. Peaking to 4.24% on Monday, the 10 UST Note yield is…

That great monetary economist William Shakespeare wrote that “Those who rush, stumble and fall”. This observation may be starting to take hold with respect to…

US Inflation continued to misbehave in September, prompting another week of policymakers calling for rates to go higher and stay there until price pressures fade.…

It was another week of market volatility as participants continue to balance the prospects of a looming recession and the Fed’s fastest series of rate…

Chaos and confusion in UK economic policy sent shockwaves rippling through markets this week, right on the heels of the Fed’s third consecutive 75bps rate…

Bond yields surged 21-29bp in the 2-10yr part of the curve this week as the Fed hiked rates 75bp for the 3rd consecutive meeting, the…

The cost of borrowing continues to rise in order to fight the rising cost of everything else. The great post-pandemic inflation is very much alive,…

The Federal Reserve has numerous tools at its disposal that can be used to conduct monetary policy. Rate moves, reserve requirements, open market operations, asset…

Bond yields drifted higher this week as markets continued to digest the blunt words of Fed Chairman Powell last Friday regarding the central bank’s “overarching…

It’s the last week in August and that means two things: football season is about to kick off, and the Federal Reserve is hosting its…

Bond yields rose 10-16bp in the 3-10yr part of the curve this week despite weak housing data as multiple Fed officials gave mixed signals on…

“Today we received news that our economy had 0 percent inflation in the month of July.” stated President Biden last Wednesday morning after Consumer Price…

In the last forty-five days, the yield on the 10yr T-Note has traded in a 100bps range, from a low of 2.51% to a high…

Financial markets are very good at discounting future events. The anticipatory pricing-in of expected future Fed policy changes, for example, is already baked in the…

Bond prices continued to rally this week and the yield curve flattened further as a slew of negative housing data kept the market squarely focused…