The entire fixed income complex, from corporates to mortgage backed to benchmark Treasuries, went through a shock in 2008 and has not recovered. What will it take to fix the broken bond market?
Markets are fairly quiet early in this week’s trade, belying a fairly interesting week when it comes to economic data.
The U.S. dollar was gaining this morning on a stronger-than-expected GDP report, rising expectations of a Fed rate hike, and easing concerns about global growth. Second quarter GDP was up 3.9%, well ahead of consensus expectations of 3.7%.

After initially falling on last week’s seemingly-dovish Federal Reserve statement and press conference, the U.S.

Democratic Presidential Candidate Hillary Clinton announced that she opposed the construction of the XL Keystone Pipeline, which would carry more than 800,000 barrels of crude oil a day from Canada to the U.S. refinery network in the Gulf Coast.
Pope Francis and President Barack Obama are set to hold private talks at the White House on Wednesday before the pontiff parades through streets of Washington on the first full day of his first visit to the United States.
The U.S. dollar approached two-week highs on Tuesday morning after Atlanta Federal Reserve Bank President Dennis Lockhart said he predicts the U.S. central bank will raise interest rates at the October or December FOMC meeting.
Autumn (in the Northern Hemisphere) doesn’t officially start until Wednesday, but based on today’s lackluster trading, traders are already feeling the end-of-summer blues.

We’ve finally arrived at the day of the long-awaited September Federal Reserve meeting, with the outlook for interest rates still about a

In contrast to the usually quite pre-FOMC trading, markets were surprisingly volatile yesterday.