For those looking for a summer respite for the bond market in August…think again. This week on the Basis Points podcast, Kevin Flanagan gets into the root causes of the recent increase in the 10-Year yield and whether it is reasonable to expect a reversal any time soon.

Basis point: 1/100th of 1 percent.

How does the U.S. budget deficit affect the Treasury market and the economy? This week on the Basis Points podcast, Kevin Flanagan covers the recent developments on the deficit, the U.S. government’s long-term rating downgrade, and the funding challenges.

Basis Point: 1/100th of a percent.

Throughout the course of the current Fed rate hike cycle and attendant increase in the U.S. Treasury (UST) 10-year yield, investors periodically ask: is it time to go long duration? This week on the Basis Points podcast, Kevin Flanagan explains why it’s better to be late rather than early to the duration party against this backdrop.

Basis Point: 1/100th of 1 percent.

The Federal Reserve voted to raise rates by another quarter point at today’s FOMC meeting. This pushes the fed funds target range to the highest level since early 2001. This week on the Basis Points podcast, Kevin Flanagan discusses the outcome of today’s meeting and what to expect for the remainder of the year from the Fed.

Basis Point: 1/100th of 1 percent.

Is 2022 the year not to be named? After what was arguably the worst year on record, we believed this year could be a positive one for bond investors. This week on the Basis Points podcast, Kevin Flanagan takes a look back and ahead at key economic indicators to provide a first half report card for the fixed income markets and what investors might expect in the second half of the year.

Basis Point: 1/100th of a percent.

Following the June FOMC meeting where Fed hit pause, speculation began to intensify about what the policymakers next move could be. This week on the Basis Points podcast, Kevin Flanagan delves into the recent Fed developments and if the Fed is really going to pause rate hikes for the summer.

Basis Point: 1/100th of 1 percent.

As the Federal Reserve's "hawkish pause" dominates headlines, investors are left wondering when the long-anticipated recession will be coming. During this week’s episode of the Basis Points podcast, Kevin Flanagan is joined by Head of Credit Strategy, Sri Sankaran of Morgan Stanley to discuss the current dynamics in the high yield bond, credit default and leverage loan markets.

Basis Point: 1/100th of a percent.

Throughout this Fed rate hike cycle, there always seemed to be some sort of disconnect between what the policymakers were saying and what the money and bond markets were thinking. Recently, 'don't fight the Fed' seems to be the current sentiment. This week on the Basis Points podcast, Kevin Flanagan discusses the shift.

Basis Point: 1/100th of a percent.

For the first time since the Fed began raising rates in March of last year, the voting members did not implement a rate increase at the recent June FOMC meeting. This week on the Basis Points podcast, Kevin Flanagan discusses U.S. monetary policy implications, including investor expectations for the remainder of the year as Powell & Co. take a pause from rate action. 

Basis Points: 1/100th of 1 percent. 

With the debt saga still ongoing, sometimes looking at current headlines juxtaposed with historical events can provide some useful context. This week on the Basis Points podcast, Kevin Flanagan covers what investors can learn from the 2011 credit rating downgrade.

Basis Point: 1/100th of a percent