Ratings 
Andrew Stolz
AUGUST 4, 2020
Definition of Risk-Free Rate. The risk-free rate is the minimum rate of return on an investment with theoretically no risk. Government bonds are considered risk-free because technically, a government can always print money to pay its bondholders. Treasury Bill. 10-Year U.S.
Musings on Markets
JANUARY 24, 2024
As we start 2024, the interest rate prognosticators who misread the bond markets so badly in 2023 are back to making their 2024 forecasts, and they show no evidence of having learned any lessons from the last year.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Musings on Markets
JANUARY 30, 2023
The US treasury market, considered by some still as a safe haven, was anything but safe or a haven, especially at the long maturities, as long term rates soared, with inflation (not the Fed) being the key driver. That is good advice in most years, but 2022 was not one of those years.
Musings on Markets
MAY 6, 2022
In fact, the average inflation rate in the 2011-20 decade was the lowest of the seven decades that I cover in this chart. While the market-implied expected inflation rate has also climbed to a ten-year high of 2.85%, it is clearly lower than the consumer survey expectation.
Musings on Markets
JANUARY 27, 2022
That said, the three primary inflation indices in the US, the CPI, the PPI and the GDP deflator all told the same story in 2021: Download historical inflation numbers The inflation rate during the course of the year reached levels not seen in close to 40 years, with every price index registering a surge.
Musings on Markets
MARCH 25, 2021
The first has been the steep rise in treasury rates in the last twelve weeks, as investors reassess expected economic growth over the rest of the year and worry about inflation. The Interest Rates Story To me the biggest story of markets in 2021 has been the rise of interest rates, especially at the long end of the maturity spectrum.
Musings on Markets
OCTOBER 4, 2023
The Markets in the Third Quarter Coming off a year of rising rates in 2022, interest rates have continued to command center stage in 2023. At the start of October, the ten-year and thirty-year rates were both approaching 15-year highs, with the 10-year treasury at 4.59% and the 30-year treasury rate at 4.73%.
Expert insights. Personalized for you.
52 
Let's personalize your content