Market Insights – June 6, 2016

Market Insights
June 6, 2016
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Prior Week Summary

Over the course of the last few months, the perceptions for the likely path forward for the Fed Funds target rate have fluctuated wildly. Following the Fed hike in December, market based variables suggest that traders


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Negative LIBOR Strategy

Negative LIBOR Strategy
Chatham Financial White Papers – May 2016
 
Negative USD LIBOR!?: A Brief Background
It was hard not to imagine Sisyphus’ allegorical rock rolling back down the hill when the topic of negative interest rates in the U.S. went viral in February. This, only a few short weeks after the Fed carefully


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Market Insights – March 7, 2016

Market Insights
March 7, 2016
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The Treasury market closed on Friday at the highs for the week in yield terms, culminating with a strong headline print on the February payrolls report. The Labor Department reported that the economy added 242,000 jobs in


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Market Insights – February 22, 2016

Market Insights
February 22, 2016
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Prior Week Summary

The Treasury market closed the week nearly were it began as a mixed bag of incoming information left the curve relatively unchanged on the week. At the same time, the S&P 500 rallied 2.8% during the holiday


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Market Insights – February 16, 2016

Market Insights
February 16, 2016
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Prior Week Summary

The persistent and elevated volatility in the fixed income, commodity, and equity markets has continued in earnest of late, driving Treasury yields to recent lows and market sentiment seemingly lower. For reference, the closing price of the Dow Jones Industrial


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Market Insights – February 8, 2016

Market Insights
February 8, 2016
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Prior Week Summary

The U.S. economy added 151,000 new jobs last month, well below the amount of job gains that were estimated by economists prior to the report. The lower than forecast gain followed a downward revision of 30,000 jobs


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Market Insights – February 1, 2016

Market Insights
February 1, 2016
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Prior Week Summary
Interest rates moved lower to end the week, capping a month that saw a nearly 40 basis point decline in the 10-year swap rate, bringing the curve to the lowest levels since mid-2013. The combination of a surprise


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Market Insights – January 25, 2016

Market Insights
January 25, 2016
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Prior Week Summary
It seems fitting that an unusually volatile week of trading in the markets during a holiday shortened week would be capped off by an unusually heavy winter storm in the Northeast that left much of the region blanketed


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Market Insights – December 14, 2015

Market Insights
December 14, 2015
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Prior Week Summary
After nearly a decade since the last increase in the Fed Funds target rate, the Fed is widely forecasted to achieve lift-off following the Wednesday meeting of the Federal Open Market Committee. As of this writing, the market implied probability of a


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The Force Awakens

This Friday morning, die-hard Star Wars fans will awaken to a powerful force that hasn’t been felt in theaters for a decade – a new installment to the iconic franchise. For the seventh time, moviegoers will turn out in droves to watch Jedi knights, storm troopers, and all kinds of alien beings fight for


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