Short-term market movements are unpredictable. That may sound like a blinding glimpse of the obvious, and likely something you have heard countless times and possibly shared yourself a time or two. Hopefully you agree that short-term market movements are truly unpredictable but understand what it really means – no one... read more →
Jan
06
Dec
07
First of all, let’s get started by briefly describing a yield curve. Please hang with me for a minute; you will like this. Below is a graph of the yield on US Treasury securities. The yield (interest rate) is on the vertical axis and the time period is on the... read more →