Treasury yields climb after China-U.S. trade truce

2019-07-01

Treasury yields rose Monday after a meeting between President Donald Trump and Chinese leader Xi Jinping over the weekend led to a temporary cessation of trade hostilities between the two parties. What’s driving Treasurys? The 10-year Treasury note yield TMUBMUSD10Y, +1.03% rose 3.2 basis points to 2.033%, while the two-yearRead More →

Is a personal loan the best way for you to tackle debt?

2019-06-27

A 2018 report found that Americans collectively carry $13.29 trillion in debt, which is $618 billion higher than 2008’s peak of $12.68 trillion. With debt rising, more people are turning to personal loans to pay off their high-interest debts, whether that’s medical bills, credit card balances, student debt, etc. But isRead More →

Why the Fed should ditch its 2% inflation target

2019-06-17

The Federal Reserve is charged by Congress to accomplish full employment and stable prices. For economists, these objectives pose a tradeoff, and the Fed targets 2% inflation as a compromise. All this is premised on economic theories rendered obsolete by the globalization of many goods and services markets, capital mobility, and resulting wageRead More →

Disappointing jobs report gives lift to junk bonds

2019-06-08

The U.S. market for high-yield corporate bonds followed stocks higher on Friday after a disappointing jobs report bolstered hopes that more economic stimulus could be on the way. The number of new jobs created in May reached only 75,000, well below expectations for a gain of 185,000 predicted by economists.Read More →