10-Year Treasury

Latest Stories

Oil Prices and Treasury Yields Fall

By David O'Malley | May 29, 2018

Last week saw a reversal in two market trends that have been occurring for the past several months: increasing oil prices and treasury yields. Oil prices dropped almost 10%, from… Read More

Bond Yields Push Higher

By David O'Malley | April 23, 2018

Last week saw bond yields push higher. The 10-year U.S. Treasury ended the week at 2.96%, a new high yield for the year. I expect yields to continue to push… Read More

Stay Focused on the Fundamentals

By David O'Malley | April 16, 2018

The last few weeks, a significant amount of headline news distracted market participants’ attention from the fundamentals. Whether it is the tumult in Washington, the geopolitical tensions in the Middle… Read More

Markets Look for Momentum after a Volatile Q1

By David O'Malley | April 2, 2018

Equity markets had a volatile quarter, and their weakest in the last six, driven by concerns about rising interest rates, potential trade conflicts and valuation concerns. As I have written… Read More

PMAM CIO Mark Heppenstall Discusses Market Volatility on CNBC’s “Closing Bell”

By Penn Mutual Asset Management | February 13, 2018

Chief Investment Officer Mark Heppenstall returned to CNBC’s “Closing Bell” last week to share his insights on the latest market volatility. He shared where he is finding value in the… Read More

Big Week for Bonds Ahead

By David O'Malley | January 29, 2018

This week will be interesting for fixed income investors. With mounting talk of a bear market ahead for U.S. Treasuries, the market has to digest several key events this week…. Read More

Unexpectedly Weak Employment Report

By David O'Malley | September 5, 2017

The nuclear test by North Korea has brought geopolitical uncertainty to a new level. As I have previously written, it is very hard to trade geopolitical risk so I prefer to stay focused on fundamentals.

Last week’s August employment report was weaker than expectations on almost all aspects. The report comes after stronger employment data earlier in the week. The ramifications of the weaker report bring the odds of a December interest rate increase by the Federal Reserve (Fed) to less than 50/50. The weaker average hourly earnings and sluggish inflation data may keep the Fed on hold until after the holiday spending season.

Geopolitical Risks Upset Markets

By David O'Malley | April 17, 2017

Geopolitical issues took center stage last week as stocks fell again and Treasury bond yields dropped to their lowest level in 2017, as tensions surrounding North Korea and with Russia over the U.S. attack in Syria had market participants worried about the impact of the Trump administration’s domestic agenda.

Markets and Uncertainty Are a Bad Combination

By David O'Malley | June 13, 2016

U.S. stocks traded off recent highs and bond yields fell again last week. After the disappointing employment report, 10-year Treasury yields have now fallen by 70 basis points this year.

Market Prices or Economic Fundamentals?

By David O'Malley | January 25, 2016

After another volatile week for the financial markets, equities and energy prices ended up after starting the week by marking new lows for the year. I got to thinking about the possibility that this market selloff could create a slowdown in economic activity.



Disclosure Statement

This blog post is for informational use only. The views expressed are those of the author, Dave O’Malley, and do not necessarily reflect the views of Penn Mutual Asset Management. This material is not intended to be relied upon as a forecast, research or investment advice, and it is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy.

Any statements about financial and company performance of The Penn Mutual Life Insurance Company or its insurance subsidiaries (each, “Client”) made by the author is provided with a written consent from the Client.  Penn Mutual Asset Management is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.

Read More...

Opinions and statements of financial market trends that are based on current market conditions constitute judgment of the author and are subject to change without notice.  The information and opinions contained in this material are derived from sources deemed to be reliable but should not be assumed to be accurate or complete.  Statements that reflect projections or expectations of future financial or economic performance of the markets may be considered forward-looking statements.  Actual results may differ significantly.  Any forecasts contained in this material are based on various estimates and assumptions, and there can be no assurance that such estimates or assumptions will prove accurate.

Investing involves risk, including possible loss of principal.  Past performance is no guarantee of future results.  All information referenced in preparation of this material has been obtained from sources believed to be reliable, but accuracy and completeness are not guaranteed. There is no representation or warranty as to the accuracy of the information and Penn Mutual Asset Management shall have no liability for decisions based upon such information.

High-Yield bonds are subject to greater fluctuations in value and risk of loss of income and principal. Investing in higher yielding, lower rated corporate bonds have a greater risk of price fluctuations and loss of principal and income than U.S. Treasury bonds and bills. Government securities offer a higher degree of safety and are guaranteed as to the timely payment of principal and interest if held to maturity.

All trademarks are the property of their respective owners. This material may not be reproduced in whole or in part in any form, or referred to in any other publication, without express written permission.

Copyright © 2015 Penn Mutual. All Rights Reserved. All trademarks are the property of their respective owners.

Read Less...