Oblivious Investors

Consumer inflation now is running at a 5% annual rate, the fastest pace since mid-2008. Fed policy makers dismiss the current increase as “transitory,” an extraordinary phenomenon that will disappear once the economic effects of measuring from the past year’s pandemic depressed price levels end and supply catches up. Interestingly Deutsche Bank warns that “neglecting … Read more

The Treasury Rules

Treasury yields drop after U.S. jobs report signaled that the labor market may take longer than expected. The 10 year yield which tends to rise when investors expect periods of growth and… inflation has spent several months stalled near 1.6%. The yield for the ‘benchmark 10-year Treasury note finished Friday’s session at 1.559%, according to … Read more