Milliman FRM
Commentary
Size of Fed Balance Sheet and Excess Reserves
Thought the Fed was done growing its balance sheet? Think again.
Commentary
Yield Curve Slope and Fed Funds Target Rate (Monthly)
Has recession already been averted?
Commentary
Bloomberg Barclays Global Agg Negative Yielding Debt Market Value
Investors to bond issuers: “We’ll pay you to borrow money from us.”
Commentary
Fed Funds Target Rate vs. 2-Yr Treasury Yield
The bond market has challenged the Fed to a game of chicken.
Commentary
Inflation Expectations vs. Probability of a 2019 Fed Rate Cut
Projections of Fed rate changes appear misaligned with inflation expectations and GDP growth.
Commentary
Developed Market Sovereign 10-Yr Yields
Extraordinary policy measures are proving extraordinarily difficult to undo.
Commentary
Calendar Year S&P 500 Stock Buybacks
Stock buybacks buoy equity markets. Low rates buoy buybacks.