Duration & Credit Pulse: March 23, 2025
Duration & Credit Pulse – Week Ending March 23, 2025 | Mariemont Capital Duration & Credit Pulse Week Ending March 23, 2025 Executive Summary Bottom Line: The historic Bank of Japan pivot ending negative rates combined with Fed patience on policy created unprecedented global monetary divergence, sending Treasury yields lower across the curve while credit […]
Duration & Credit Pulse: March 16, 2025
Duration & Credit Pulse – Week Ending March 16, 2025 | Mariemont Capital Duration & Credit Pulse Week Ending March 16, 2025 Executive Summary Bottom Line: Trade war escalation triggered the most severe fixed income volatility of 2025, with credit spreads surging to multi-month highs while Treasury yields whipsawed between 4.16% and 4.33% as flight-to-quality […]
Duration & Credit Pulse: March 9, 2025
Duration & Credit Pulse – Week Ending March 9, 2025 | Mariemont Capital Duration & Credit Pulse Week Ending March 9, 2025 Executive Summary Bottom Line: Tariff implementation on March 4 triggered the most significant fixed income volatility of 2025, with Treasury yields whipsawing between haven demand and inflation fears while credit spreads flashed warning […]
Duration & Credit Pulse: March 2, 2025
Duration & Credit Pulse – Week Ending March 2, 2025 | Mariemont Capital Duration & Credit Pulse Week Ending March 2, 2025 Executive Summary Bottom Line: Trump’s surprise 25% EU tariff announcement on February 26 shattered the Treasury rally and triggered credit spread widening from historic tights, forcing markets to confront stagflation risks just as […]
Duration & Credit Pulse: February 23, 2025
Duration & Credit Pulse – Week Ending February 23, 2025 | Mariemont Capital Duration & Credit Pulse Week Ending February 23, 2025 Executive Summary Bottom Line: Credit markets displayed dangerous complacency as spreads compressed to pre-crisis tights despite hawkish FOMC minutes revealing deep Fed concerns about tariff-driven inflation risks. Treasury yields declined modestly with 2s10s […]
Duration & Credit Pulse: February 16, 2025
Duration & Credit Pulse – Week Ending February 16, 2025 | Mariemont Capital Duration & Credit Pulse Week Ending February 16, 2025 Executive Summary Bottom Line: Hot inflation data shattered rate cut hopes as January CPI surged 0.5% monthly—the highest since August 2023—while Trump’s steel tariffs and China’s energy retaliation created a toxic stagflationary cocktail. […]
Duration & Credit Pulse: February 9, 2025
Duration & Credit Pulse – Week Ending February 9, 2025 | Mariemont Capital Duration & Credit Pulse Week Ending February 9, 2025 Executive Summary Bottom Line: Trump’s tariff bombshell triggered dramatic curve flattening as short rates rose on inflation fears while long rates fell on growth concerns. The January employment report disappointed at 143,000 jobs […]
Duration & Credit Pulse: January 31, 2025
Duration & Credit Pulse – Week Ending January 31, 2025 | Mariemont Capital Duration & Credit Pulse Week Ending January 31, 2025 Executive Summary Bottom Line: The Federal Reserve held rates steady as expected while Treasury yields edged lower despite President Trump’s tariff announcement on Canada, Mexico, and China on Friday. The week’s dichotomy—hawkish Fed […]
Duration & Credit Pulse: January 24, 2025
Duration & Credit Pulse – Week Ending January 24, 2025 | Mariemont Capital Duration & Credit Pulse Week Ending January 24, 2025 Executive Summary Bottom Line: Markets displayed remarkable equilibrium during Trump’s inauguration week, with Treasury yields edging marginally lower while credit spreads compressed to extreme tights. The VIX’s decline to the 18th percentile signals […]
Duration & Credit Pulse: January 17, 2025
Duration & Credit Pulse – Week Ending January 17, 2025 | Mariemont Capital Duration & Credit Pulse Week Ending January 17, 2025 Executive Summary Bottom Line: Treasury yields retreated meaningfully as December CPI data reinforced disinflationary trends, while pre-inauguration uncertainty drove a classic flight-to-quality bid. The 10-year yield’s 13bp decline from extreme 99th percentile levels […]
