U.S. Treasury bonds

Latest Stories

Geopolitical Risk Will Take Center Stage

By David O'Malley | May 14, 2018

Equities seemed to find their footing last week, helped by some of the big cap technology stocks. Meanwhile, bonds got some favorable news on the inflation front and were able… Read More

Inflation Expectations and Interest Rates

By David O'Malley | May 7, 2018

As expected last week, the Federal Reserve held interest rates unchanged, but did revise its post-meeting statement to reinforce that inflation has moved closer to its 2% target. This change… Read More

News Headlines Create Market Volatility

By David O'Malley | April 9, 2018

Markets were volatile last week as trade tensions and geopolitical risks kept the markets’ attention. Last week’s employment data was a bit weaker than I expected, with smaller job gains… Read More

LIBOR Rising

By Zhiwei Ren | April 5, 2018

In the recent weeks, London Interbank Offered Rate (LIBOR) has been on a steady uptick. The main reasons for rising LIBOR are: 1) The large increase in U.S. T-Bill issuance… Read More

Longer Term View on U.S. Interest Rates

By David O'Malley | February 26, 2018

Given my bearish near-term view on U.S. Treasury bonds, I have recently been asked several times, where do interest rates go over the longer term? Over the next several years,… Read More

Interest Rates Move Higher

By David O'Malley | January 22, 2018

My EAGLES are going to the Super Bowl! Fly Eagles Fly… The 10-year Treasury ended last week at 2.66% – its highest level since 2014. A combination of factors are pushing… Read More

Uneventful Jackson Hole Meeting Leaves Markets Waiting on Economic Data

By David O'Malley | August 28, 2017

I first want to send my thoughts and well wishes to everyone enduring the impact of Hurricane Harvey in Texas.

Last week’s Jackson Hole Meeting was very uneventful from a market perspective as central banks kept their remarks very much in line with recent commentary. Janet Yellen’s speech felt more like a farewell address than laying out future Federal Reserve (Fed) policy.

Disappointing Employment Report Clouds Economic Picture

By David O'Malley | April 10, 2017

Last week’s March employment data release disappointed market expectations as the economy added 98,000 jobs–about 100,000 less than estimates and the average gains experienced over the last six months. Average hourly earnings remained stable at a 2.7% year-over-year gain. On the positive side, the unemployment rate fell by 0.2% to 4.5% in March, which is the lowest rate since 2007.

What to Expect in the Second Quarter

By David O'Malley | March 30, 2015

The first quarter will be remembered for its choppy trading action. Many major markets experienced significant volatility, but with little overall fundamental trend.



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...