Is there a fear of inflation? Is there a chance to go negative? What's next? Here's what we can conclude from the body's own words.
As the Covid-19 crisis takes its toll on our people and economy -- and the world's -- we must break things down as simply as possible to see what's happening.
Given recent actions, the way we view fixed income may be changed forever.
After a strong day for fixed-income markets, let's learn from 2008 how to play this volatility.
A U.S. dollar that is rising in value against most other currencies is creating a huge problem for a world inundated with dollar-priced debt.
Action in a lot of these other securities only makes sense if there is a liquidity squeeze going on.
These are not investable markets, yet. Wait it out, the damage is beyond a small fix now.
Dramatically slashing interest rates to zero and promising huge asset purchases are instilling fear, not confidence, in market participants.
And the bond market isn't saying encouraging things just now.
Let's break down the move and what it could mean -- and what the Fed just won't be able to help as the coronavirus spreads.