Bond Market

Michael T. Kiley published an interesting term premium paper “Why Have Long-term Treasury Yields Fallen Since the 1980s? Expected Short ...

Yet another unedited section from my banking primer manuscript. My feeling is that this section is packing in too much ...

Interest rate risk refers to the potential for losses due to the movement of the risk-free curve, which is largely ...

This article is an unedited draft from my banking primer manuscript. It probably needs more work, but I will not ...

My writing plans were disturbed (bike got a flat tire…), and so I am stuck with a placeholder article. I ...

This article is an unedited draft of a section that would go into the introductory chapter of my banking manuscript ...

This is an unedited draft for my projected banking manuscript. It might be an idea to embed some of this ...

Once again, this is an unedited draft of a section that would go into my banking manuscript. It follows onto ...

This is a potential section for my banking manuscript. It probably needs some diagrams, but I do not want to ...

This is a topic that is of interest for my book on banking. It may overlap some existing texts written ...

There is a MMT documentary now out — “Finding the Money.” I have not watched it yet, as it is ...

The rapid decline of the Japanese yen — recently stabilised by a (presumed) round of intervention — has brought forth ...

This is a sub-section that I forgot to include in my previous article that discussed inflation and financial assets. This ...

This article is a complete re-write of two existing sections of my manuscript. I was unhappy with the sections, and ...

Note: This article would hopefully be worked into my banking manuscript. I think it overlaps other article(s), but I wanted ...

I recently wrote about r*, which is now the preferred way to refer to the “neutral” or “natural rate” of ...

The BIS Quarterly Review had a recent paper on r* (the preferred term for the “natural rate of interest”) by ...

Steve Keen recently wrote “I’m not Discreet, and Neither is Time” in which he discusses the alleged defects of discrete ...

This is an unedited manuscript excerpt, from a chapter that discusses how asset price changes relate to inflation. Even if ...

Since I am still chugging away with edits, I have not been spending much time watching developments in markets. I ...

I was recently on a podcast with Steven D. Grumbine to discuss inflation. Link: https://realprogressives.org/podcast_episode/episode-268-there-is-no-magic-pricing-fairy-with-brian-romanchuk The podcast description from the ...

The Committee for Economic Development (CED) of Conference Board recently put out “Explainer: The National Debt” which is pretty much ...

This article is an unedited draft section from my inflation primer manuscript. This section is a re-write of content that ...

One of the issues of an interest rate focussed blog is that bond markets can settle into rather uneventful extended ...