Fed Day once again! At 1:15 Central today, the Fed will announce their interest rate decision and policy statement.

Expectations, including ours, are for a .25% cut. This would bring the Fed Funds Rate to 2.00%. There is speculation that the statement may also include that the cutting cycle is nearing an end. In [...]

Volatility is an amazing thing. In the absence of a consistent economic direction, we’ve been wildly swinging in either direction.

Today’s market continues a volatile trend. We are currently down about 22bps which is almost dead in the middle of a wide, albeit negative, trading session.

It may be easiest to explain this [...]

Tech stocks are leading today’s market rally. Unfortunately, it is coming at the expense of the bond market.

The 5.5% 30 Year coupon has moved into a really choppy trend and is currently off 44 bps. Again, when bond prices go down, yields/rates go up.

There are no major economic reports due for [...]

Friday’s trading session reminded us how volatile the market has been lately and today has seen continued volatility.

On Friday, bonds were getting pummeled until testing the 200-day moving average. After recovering from those lows, bonds rallied all the way back and eventually closed on the 50-day moving average. We’ve talked about it before, [...]