Vanguard GNMA Fund
What Bond Mutual Fund Investors Can Do in a Liquidity Squeeze
Things look fine for now Previously in this series, we discussed how mutual funds have a notably larger holding of corporate bonds at present than they had before the financial crisis of 2008. We’ve also talked about how regulatory changes could impact the role of banks as market makers. At the same time, the role […]
Why Fundamental Demand Fell for the 4-Week T-Bills Auction
The U.S. Department of the Treasury conducted the weekly auction for four-week T-bills on April 12. The issuance was $35 billion.
Coupon Rate, High Yield Rose for 5-Year Treasury Notes in March
On March 29, five-year Treasury notes worth $34 billion were auctioned—the same as one month previously. The issue’s coupon rate was set at 1.25%.
We Have Rate Liftoff: Now What?
One of the recurrent themes in 2015 was speculation regarding the Federal Reserve’s raising of the federal funds rate.
Treasury Market Liquidity: Cause for Concern?
In a Fed assessment, research showed that there’s ample liquidity in the Treasury market. But other measures point to a deterioration in liquidity.
How Treasury Yields Have Risen as Demands for Safe-Havens Decline
US Treasury yields rose across the yield curve for the week ending October 9, as demand for safe-havens declined.