Sentences with phrase «term bond yield»

YTM is considered a long - term bond yield expressed as an annual rate.

Yield to maturity is considered a long - term bond yield, but is expressed as an annual rate.

Yield to maturity is considered a long - term bond yield, but is expressed as an annual rate.

US election + BREXIT = populist repudiation of era of inequality, globalization, wage deflation; cements BofAML themes of peak Liquidity, Inequality, Globalization + Main St over Wall St. Electoral trends could mark secular low in long - term bond yields (Chart 1).

Let me remind you that monetary policy operates with a long lag and there are many transmission channels through which interest rate changes affect the economy, including longer - term bond yields and the exchange rate.

Unfortunately, long - term bond yields have surged higher in the past two days across all credit grades.

Long - term bond yields continue to extend their hostile upward trend, while other market internals continue to diverge as well.

Combined with low growth and aging population, this is likely to hold down long - term bond yields in Europe and Japan.

If this doesn't underscore that longer - term bond yields don't have to rise just because the Fed hikes rates, we're not sure what would.

For intermediate - and longer - term bond yields, it's all about inflation and growth expectations.

The Market Climate remains on a Crash Warning, characterized by extremely unfavorable valuations, unfavorable trend uniformity, and hostile yield trends, particularly long - term bond yields and various measures of risk premiums.

If this doesn't underscore that longer - term bond yields don't have to rise when the Fed hikes rates, we're not sure what would.

As we've also mentioned before — and as this year's bond market behavior emphatically demonstrates — longer - term bond yields don't have to rise just because the Fed is hiking rates.

We expect long - term bond yields to rise gradually over the next five years but to stay well below historical averages.

BIS's latest quarterly review also argued that higher short - term bond yields have consistently failed to lift term premium nor dampen risk - parity flows in recent years:

Market participants are looking forward to getting their first major reading on earnings from the biggest technology - sector players in the coming days, but for now, investor sentiment has been able to overcome what would ordinarily be a troubling rise in long - term bond yields that could signal a steeper move higher for interest rates in the near future.

Higher oil prices would reinforce current market trends based on reflation: rising long - term bond yields and a shift out of perceived safer assets — bond proxies and low - volatility stocks — and into cyclical assets such as EM.

The market's continuing refusal to countenance the long - term reality described above has proven to be a recurring source of profits for those who are willing to buck the crowd and embrace the trend in falling long - term bond yields of the highest quality borrowers.

The more pronounced movements in longer - term bond yields saw the spread between the yield on 10 - year bonds and the cash rate rise in net terms over recent months to around 65 basis points.

Policy rate changes affects short - term bond yields much more directly than longer - term yields (see Exhibit 1).

The Federal Reserve rapidly raised rates (gold) from 2004 to 2006 to try to push up long - term bond yields (10 year Treasury yields) and cool the housing market

Another is the direction that long - term bond yields eventually take.

Long - term bond yields have been quite volatile since the previous Statement, and in net terms are up slightly, although they remain around 1/2 a percentage point lower than in mid 2002.

So, we have a dichotomy in which the stock market is strongly up but the long - term bond yields are down.

FRA: Chris, on your article you mentioned there could be downward pressure on long - term bond yields as the U.S. treasury concentrates future debt issuance on the short - term majorities.

Reflecting these positive developments, the Japanese stock market has risen by around 40 per cent over the past six months and long - term bond yields have risen by nearly 1 percentage point since the middle of the year.

«Strong equity gains domestically and a weaker Canadian dollar helped boost foreign holdings, but lower long - term bond yields will have increased most plan liabilities,» said Scott MacDonald, managing director, Pensions for RBC Investor & Treasury Services.

Home loan rates are loosely tied to long - term bond yields, which have been on an upward march.

Although long - term bond yields have retreated a bit this week, they remain significantly higher than they were a month ago.

Using Robert Shiller's monthly data for U.S. stock market returns, associated P / E10, short - term bill yields (six - month commercial paper / one - year U.S. Treasury notes) and long - term bond yields (10 - year U.S. Treasury notes or equivalent) during 1871 through 2013, they find that: Keep Reading

The rapid rise in mortgage rates is due in part to rising long - term bond yields.

Other surprises: Inflation fell and long - term bond yields were flat even as the economy improved, while cryptocurrencies posted huge returns.

Long - term bond yields may touch 6.5 % during... our full three - to five - year forecast period... stock investors can no longer expect 10 % to 15 % to 20 % types of returns.

With fully two - thirds of its money invested in domestic and foreign stocks, private equity and «absolute return strategies» (i.e., hedge funds), the New York State pension fund has a risky asset allocation profile typical of its counterparts across the country — because chasing risk is its only hope of earning 7 percent a year in a market where the most secure long - term bonds yield barely 2 percent.

Those expectations are leading to what's known as a flattening of the yield curve, whereby shorter - term bond yields rise faster than yields on longer - term bonds, as the former sell off.

Other surprises: Inflation fell and long - term bond yields were flat even as the economy improved, while cryptocurrencies posted huge returns.

Long term bond yields bottomed then as well, which should be no surprise in hindsight.

In the graph below I've plotted the spread between long - term bond yields and shorter - term bond yields in Japan.

Those two together you a flat or inverted yield curve where short term bonds yield the same or even more than long - term bonds.

I've noted that following the stock market crash of 1929, over the next twenty years, as short and long - term bond yields stayed at very low levels, the yield curve was unhelpful in forecasting recessions.

Sure, the inflation beast has been tame in recent years — it's averaged 2 % for the last decade — but as bond guru Bill Gross recently commented: «While they are not likely to breathe fire in 2013, the inflationary dragons lurk in the «out» years towards which long - term bond yields are measured.»

A steepening yield curve (when the difference between short - term and long - term bond yields increases) is generally seen as favorable for the economy, suggesting healthier growth.

We expect long - term bond yields to rise gradually over the next five years but to stay well below historical averages.

Policy rate changes affects short - term bond yields much more directly than longer - term yields (see Exhibit 1).

The emerging consensus about improving economic prospects is having two effects: higher long - term bond yields and more confidence in earnings.

Now the only «rally talk» is centering on how high longer - term bond yields might climb.

As with Nestle, Coke has a current dividend yield well above current long term bond yields and a long history of increasing dividends.

We believe both short - and long - term bond yields could move up, and we plan to maintain an overweight position in corporate bonds compared to the Bloomberg Barclays Capital Intermediate U.S. Government / Credit Index, as they tend to outperform Treasuries during periods of economic expansion.

When the investing public believes that the central bank has set rates too high, a yield curve inversion could occur — that is, long - term bond yields will be below those of short - term yields.

The risks: A key determinant of long - term bond yields is the inflation rate, because inflation erodes the value of fixed - income yields.