Yield Curve

At last Tuesday's Pie Party much of the discussion centered around the U.

The curvature of U.S. bond yields has attracted a lot of press of late.  Atlas has written about it in some of our blogs, and the significance of a possible inversion has frequently been a subject of discussion at our Pie Parties.  Whatever current shape the curve takes or your choice of maturity, the returns are still positive.  That's to be expected, right? 

Queen teamed up with David Bowie in 1981 to create Under Pressure which topped the UK’s singles chart.  Search the internet for an interpretation of the lyrics and you’ll find oodles of opinions.  When you’re done reading this note, take a listen here and tell us what you think.  In the meantime, let’s look at an area of the market for which the s

America is quickly approaching its debt limit, and some market participants are concerned.  Their worry stems from the possibility that our nation will be unable to pay debts that mature soon.  According to projections from the Congressional Budget Office, the Treasury will run out of money in early to mid-October.  For the first time since the financial crisis of 2008-2009, the