Yield Curve Playbook
Duration & Credit Pulse: May 25, 2025
Duration & Credit Pulse – Week Ending May 25, 2025 | Mariemont Capital Duration & Credit Pulse Week Ending May 25, 2025 Executive Summary Bottom Line: Moody’s historic downgrade of US sovereign debt to Aa1 dominated fixed income markets during the week of May 19-25, completing the trilogy of rating cuts and forcing a fundamental […]
Duration & Credit Pulse: May 18, 2025
Duration & Credit Pulse – Week Ending May 18, 2025 | Mariemont Capital Duration & Credit Pulse Week Ending May 18, 2025 Executive Summary Bottom Line: Moody’s historic downgrade of U.S. sovereign debt from Aaa to Aa1 on May 16 shattered market complacency, marking the first time all three major rating agencies have rated America […]
Duration & Credit Pulse: May 11, 2025
Duration & Credit Pulse – Week Ending May 11, 2025 | Mariemont Capital Duration & Credit Pulse Week Ending May 11, 2025 Executive Summary Bottom Line: The Federal Reserve maintained its “patient” stance at 4.25-4.50% amid heightened dual-sided risks, marking the first explicit acknowledgment of both inflation and unemployment threats since the hiking cycle began. […]
Duration & Credit Pulse: May 4, 2025
Duration & Credit Pulse – Week Ending May 4, 2025 | Mariemont Capital Duration & Credit Pulse Week Ending May 4, 2025 Executive Summary Bottom Line: Fixed income markets stabilized during the week ending May 4 following the most severe bond market dislocation since COVID-19, triggered by President Trump’s April 2 tariff announcements. Despite consumer […]
Duration & Credit Pulse: April 27, 2025
Duration & Credit Pulse – Week Ending April 27, 2025 | Mariemont Capital Duration & Credit Pulse Week Ending April 27, 2025 Executive Summary Bottom Line: Fixed income markets stabilized following April’s tariff-induced turmoil, with Treasury yields declining across the curve except for long bonds as Minneapolis Fed President Kashkari’s call for “extended” policy patience […]
Duration & Credit Pulse: April 20, 2025
Duration & Credit Pulse – Week Ending April 20, 2025 | Mariemont Capital Duration & Credit Pulse Week Ending April 20, 2025 Executive Summary Bottom Line: Fixed income markets found tentative footing during April 13-20 as below-consensus inflation data (CPI 0.2% vs 0.3% expected, PPI -0.5% vs +0.2%) provided tactical relief from the historic selloff […]
Duration & Credit Pulse: April 13, 2025
Duration & Credit Pulse – Week Ending April 13, 2025 | Mariemont Capital Duration & Credit Pulse Week Ending April 13, 2025 Executive Summary Bottom Line: President Trump’s sweeping tariff implementation on April 2 triggered the most violent fixed income selloff since 2013, with 10-year Treasury yields surging 37 basis points as traditional safe-haven correlations […]
Duration & Credit Pulse: April 6, 2025
Duration & Credit Pulse – Week Ending April 6, 2025 | Mariemont Capital Duration & Credit Pulse Week Ending April 6, 2025 Executive Summary Bottom Line: President Trump’s sweeping “Liberation Day” tariff announcement on April 2 triggered the most severe fixed income market disruption since COVID-19, with 10-year Treasury yields surging nearly 50 basis points […]
Consumer Confidence Crashes to 12-Year Low at 92.9 as Manufacturing PMI Falls Below 50
Duration & Credit Pulse Week Ending March 30, 2025 Executive Summary Bottom Line: Fixed income markets navigated choppy waters as tariff uncertainty collided with mixed economic signals, leaving Treasury yields range-bound while credit spreads began their journey wider from historically tight levels. The 10-year yield held at 4.27% despite intraweek volatility exceeding 20 basis […]
