UST yields today
5y +0.5 bps
10y +7.8 bps
30y +12.1 bps
30y real yields hit the highest levels since 2008.
*NAVARRO: YIELDS COMING DOWN IS GREAT NEWS
5y +0.5 bps
10y +7.8 bps
30y +12.1 bps
30y real yields hit the highest levels since 2008.
*NAVARRO: YIELDS COMING DOWN IS GREAT NEWS
April 10, 2025 at 8:11 PM
UST yields today
5y +0.5 bps
10y +7.8 bps
30y +12.1 bps
30y real yields hit the highest levels since 2008.
*NAVARRO: YIELDS COMING DOWN IS GREAT NEWS
5y +0.5 bps
10y +7.8 bps
30y +12.1 bps
30y real yields hit the highest levels since 2008.
*NAVARRO: YIELDS COMING DOWN IS GREAT NEWS
Fed cuts 50 bps!
FOMC will cut rates for the first time this cycle in ten minutes.
Economist consensus is a 25 bps cut, markets see 2-in-3 chance of 50 bps.
2:00p ET we get the rate, a policy statement, and the Summary of Economic Projections.
Chair Powell press conference from 2:30p to 3:30p
Economist consensus is a 25 bps cut, markets see 2-in-3 chance of 50 bps.
2:00p ET we get the rate, a policy statement, and the Summary of Economic Projections.
Chair Powell press conference from 2:30p to 3:30p
September 18, 2024 at 6:00 PM
Fed cuts 50 bps!
Fed hikes 25 bps to 3.75%-4.00% as expected.
Fed expected to hike 25 bps at 2:00p. Statement will be here (dead until then):
www.federalreserve.gov/newsevents/p...
Summary of Economic Projections will be here: www.federalreserve.gov/monetarypoli...
Presser (2:30p) here: www.federalreserve.gov/live-broadca...
I'll quote this with analysis.
www.federalreserve.gov/newsevents/p...
Summary of Economic Projections will be here: www.federalreserve.gov/monetarypoli...
Presser (2:30p) here: www.federalreserve.gov/live-broadca...
I'll quote this with analysis.
September 16, 2026 at 6:00 PM
Fed hikes 25 bps to 3.75%-4.00% as expected.
SEP adds 25 bps to rate forecast for 2026, 50 bps to 2027/2028. Those are both more hawkish than expected by 25 bps. 2029 forecast 25 bps above economist consensus.
September 16, 2026 at 6:03 PM
SEP adds 25 bps to rate forecast for 2026, 50 bps to 2027/2028. Those are both more hawkish than expected by 25 bps. 2029 forecast 25 bps above economist consensus.
S&P straight up 50 bps since the firing lmfao
August 1, 2025 at 6:48 PM
S&P straight up 50 bps since the firing lmfao
September 16, 2026 at 2:56 PM
2y yield plunging, down 18 bps, BBG USSD index down 45 bps, stonks up 80 bps.
FWIW I think this is a policy error (though maybe not a drastic one).
FWIW I think this is a policy error (though maybe not a drastic one).
August 22, 2025 at 2:02 PM
2y yield plunging, down 18 bps, BBG USSD index down 45 bps, stonks up 80 bps.
FWIW I think this is a policy error (though maybe not a drastic one).
FWIW I think this is a policy error (though maybe not a drastic one).
Markets reaction is pretty limited so far. Dollar 20 bps weaker and 2s30s yield curve 3 bps steeper. Not exactly dramatic moves.
August 26, 2025 at 12:13 AM
Markets reaction is pretty limited so far. Dollar 20 bps weaker and 2s30s yield curve 3 bps steeper. Not exactly dramatic moves.
2s down 6 bps, 5s flat, 10s up 5 bps and 30000mg
*TREASURY 30-YEAR YIELD RISES 10 BASIS POINTS ON DAY TO 5.19%
*TREASURY 30-YEAR YIELD RISES 10 BASIS POINTS ON DAY TO 5.19%
July 29, 2026 at 7:25 PM
2s down 6 bps, 5s flat, 10s up 5 bps and 30000mg
*TREASURY 30-YEAR YIELD RISES 10 BASIS POINTS ON DAY TO 5.19%
*TREASURY 30-YEAR YIELD RISES 10 BASIS POINTS ON DAY TO 5.19%
HY CDS had traded as much as 35 bps tighter on the day, it's now 5 bps wider.
April 8, 2025 at 5:13 PM
HY CDS had traded as much as 35 bps tighter on the day, it's now 5 bps wider.
As a BPS parent, I know how challenging it can be to navigate our school system. But this week, as I watched my son Noah graduate from Boston Arts Academy, I was so proud of how far he’s come and so thankful to the BPS staff that made this possible. Congrats to all the BPS grads + families!
June 13, 2025 at 3:14 PM
As a BPS parent, I know how challenging it can be to navigate our school system. But this week, as I watched my son Noah graduate from Boston Arts Academy, I was so proud of how far he’s come and so thankful to the BPS staff that made this possible. Congrats to all the BPS grads + families!
Credit default swap spreads are really starting to cook
April 4, 2025 at 12:15 PM
Credit default swap spreads are really starting to cook
Big-picture inflation trend is showing up in breakevens, says Boockvar.
“.. the 10 yr is up by almost 2 bps to 2.50%, just 2 bps from the highest since March 2023.” #CPI
“.. the 10 yr is up by almost 2 bps to 2.50%, just 2 bps from the highest since March 2023.” #CPI
May 12, 2026 at 1:27 PM
Big-picture inflation trend is showing up in breakevens, says Boockvar.
“.. the 10 yr is up by almost 2 bps to 2.50%, just 2 bps from the highest since March 2023.” #CPI
“.. the 10 yr is up by almost 2 bps to 2.50%, just 2 bps from the highest since March 2023.” #CPI
May 21, 2025 at 5:52 PM
let me just tell you it's still a struggle under the hood
SPX 200 up 300 down
RTY -20 bps
RSP -30 bps
SPX 200 up 300 down
RTY -20 bps
RSP -30 bps
September 24, 2026 at 5:04 PM
let me just tell you it's still a struggle under the hood
SPX 200 up 300 down
RTY -20 bps
RSP -30 bps
SPX 200 up 300 down
RTY -20 bps
RSP -30 bps
1 bps - plants go brrr
2 bps - plants go BRRRR
3 bps - oops you gassed all your fish
2 bps - plants go BRRRR
3 bps - oops you gassed all your fish
April 14, 2026 at 8:58 PM
1 bps - plants go brrr
2 bps - plants go BRRRR
3 bps - oops you gassed all your fish
2 bps - plants go BRRRR
3 bps - oops you gassed all your fish
BIANCO: “.. The 30-year yield is now 8 bps away from a new 18-year high.”
May 4, 2026 at 4:58 PM
BIANCO: “.. The 30-year yield is now 8 bps away from a new 18-year high.”
JUST IN: Bank of America now expects 3 rate hikes this year, and no rate cuts until 2028.
September: +25 bps
October: +25 bps
December: +25 bps
“Higher for longer” is now higher for much longer.
September: +25 bps
October: +25 bps
December: +25 bps
“Higher for longer” is now higher for much longer.
June 22, 2026 at 4:11 PM
JUST IN: Bank of America now expects 3 rate hikes this year, and no rate cuts until 2028.
September: +25 bps
October: +25 bps
December: +25 bps
“Higher for longer” is now higher for much longer.
September: +25 bps
October: +25 bps
December: +25 bps
“Higher for longer” is now higher for much longer.
30-year Treasury yield climbs 1.7 bps to 5.378%, reaching its highest since 2007.
September 11, 2026 at 12:52 AM
30-year Treasury yield climbs 1.7 bps to 5.378%, reaching its highest since 2007.
2s 4 bps higher, 2s10s -3 bps, dollar moving higher, stonks actually higher. Interesting market reaction bc rates market sees this as hawkish but equities not so much.
September 16, 2026 at 6:10 PM
2s 4 bps higher, 2s10s -3 bps, dollar moving higher, stonks actually higher. Interesting market reaction bc rates market sees this as hawkish but equities not so much.
More good news for BPS students & Franklin Park!
NEW! Boston Legacy FC, the pro women’s soccer team that will use White Stadium as its home playing field, has secured $100 million in financing from Bank of America needed to advance and complete renovations to the facility— clearing a major hurdle for the project. www.dotnews.com/2025/legacy-...
September 16, 2025 at 10:14 PM
More good news for BPS students & Franklin Park!
Fed cuts 25 bps as expected. Hammack dissents!
Fed decision dropping in a bit over 15 minutes.
Statement will be here: www.federalreserve.gov/newsevents/p...
Summary of Economic Projections will be here: www.federalreserve.gov/monetarypoli...
Powell's presser will be here at 2:30p ET: www.federalreserve.gov/live-broadca...
Statement will be here: www.federalreserve.gov/newsevents/p...
Summary of Economic Projections will be here: www.federalreserve.gov/monetarypoli...
Powell's presser will be here at 2:30p ET: www.federalreserve.gov/live-broadca...
December 18, 2024 at 7:00 PM
Fed cuts 25 bps as expected. Hammack dissents!
B of A DESK: ".. While the SPX Index was up +40 bps [yesterday], .. our basket of consensus small cap shorts (MLDIRSRT) was down -120 bps .. consensus growth shorts (MLDIMSGR) was down -100 bps .. Bottom line – shorts are working, the environment is attractive for Long / Short investors."
October 1, 2025 at 12:37 PM
B of A DESK: ".. While the SPX Index was up +40 bps [yesterday], .. our basket of consensus small cap shorts (MLDIRSRT) was down -120 bps .. consensus growth shorts (MLDIMSGR) was down -100 bps .. Bottom line – shorts are working, the environment is attractive for Long / Short investors."
50 bps?
Look, I enjoy techno, but that's insane.
Look, I enjoy techno, but that's insane.
September 18, 2024 at 6:38 PM
50 bps?
Look, I enjoy techno, but that's insane.
Look, I enjoy techno, but that's insane.