Treasury-security Yields Continue Their Sharp Fall [Updated]

By: Francis Cianfrocca (Diary)  |  December 1st at 09:43 AM  | 

The 30-year T bond is priced to yield 3.34% this morning. The 10-year note is at 2.83%. These are extraordinary numbers, and they’re still falling fast. Three-and-six month bills are already at or near zero. This is powerful and continuing evidence that markets are uncertain and fleeing from risk. The midcurve and long-end are multi-trillion dollar asset classes that have increased in value by something | Read More »

Chaotic Markets

By: Francis Cianfrocca (Diary)  |  October 27th at 06:03 AM  | 

I’ve been trying for days to form a perspective on what’s happening in global markets, without much luck. And I’m not talking to or reading anyone who feels very differently. Stock markets are plunging again in Europe and Asia, indicating a growing concern with falling economic output and a coming global recession. The dollar and yen continue to strengthen. Oil and gold continue to fall. | Read More »