Recent News

“It has been a very muted reaction so far compared with the percentage increase in stocks,” said Jim Vogel, interest rate strategist at FHN Financial....

"This morning's Fed announcement transformed last week's run-of-the-mill QE (quantitative easing) into something far more robust," Chris Low, chief economist...

That said, Jim Vogel, senior rates strategist at FHN Financial in Memphis, Tennessee, did see "initial signs of positive results near the end of la...

This triggered a run on real estate investment trusts, said Walt Schmidt of FHN Financial, which exacerbated the selling because these companies are typically...

“While Congress fiddles, Fed continues to get it done,” wrote Chris Low, chief economist for FHN Financial, on Monday morning after the Fed’s announcement....

"The biggest change in what we know about the economic challenge posed by COVID-19 is the damage is not likely to pass in a month or two," analysts at...

“Higher real rates are a huge problem for the Fed and the global economy if they continue. In economic terms, they raise the cost of the recovery, ” said...

“Higher real rates are a huge problem for the Fed and the global economy if they continue. In economic terms, they raise the cost of the recovery,” said...

"There's not enough flow," said Jim Vogel, interest-rate strategist for FHN Financial.

Jim Vogel with FHN Financial said, “Bottom line: Stimulus with any number of zeroes at the end feels inadequate this week. The balance could change in...

"These are far from normal circumstances,” she said. FHN Financial interest rate strategist Jim Vogel said lower trading volumes this month have also reduced...

"Traders are reacting today with shock, as in, 'If they are doing all that, things must be really bad,'" Chris Low, chief economist at FHN Financial, said...

“They are right to get out in front of this,” said FHN Financial chief economist Chris Lowe. “As testing ramps up in other states in the next week or so,...

“I think they’re just trying to hold down the fort until next Wednesday,” said Jim Vogel, interest-rate strategist at FHN Financial.

The fast pace at which mortgage bonds are expected to pay down has investors on edge, said Walt Schmidt, senior vice president of mortgage strategies at...

"Markets are functioning, they are just don’t have the capacity to deal with what everybody wants to do in a short period of time," said Jim Vogel, an...

The MBS market has not experienced this kind of volatility several years, according to Walt Schmidt, vice president, mortgage strategies, at FHN Fi...

The total size of the overnight repo market is about $1.3 trillion and the Fed’s total asset portfolio stood at $4.2 trillion last week, “so the Fed has...

“In the high-speed, high-volume, intense trading in the last few weeks, it’s hard to turn your inventory quickly around,” said Jim Vogel, an interest-rate...

“Until retail sales next Tuesday, managers should view the range from .73% to .89% as a signal of general trading distress rather than economic or Fed...

Trading conditions in the Treasury market “are certainly deteriorating, but it’s not miserable,” said Jim Vogel, an interest-rate strategist at FHN...

“Bonds are looking past stocks today and will continue to unless the S&P 500 takes a hard run under 2750,” said Jim Vogel, an interest-rate strategist...

It’s a bit like the lag that motorists experience in waiting for prices at the gasoline pump to fall after a drop in crude-oil futures prices, says Walt...

Jim Vogel, interest rate strategist at FHN Financial in Memphis, Tennessee, said that "nobody thought that Saudi Arabia would start a price war. Suddenly...

“Until this weekend there were a lot of people holding onto core positions on the idea they could ride this out. That’s being re-evaluated.

"The more these events affect more people, the more it's going to leave lasting impressions that can easily extend through the presidential race," said...

”This was a strong employment report down to just about all the details, and yet the market—for obvious reasons—does not much care,” noted chief economist...

FHN Financial Chief Economist Chris Low estimated that pile could more than double in the event of a recession brought on by the spreading coronavi...

As for the jobs report, at best, “good numbers from February will stabilize the foundation of the U.S. economy as investors and economists consider the...

Reserve data and FHN Financial Chief Economist Chris Low estimated that pile could more than double in the event of a recession brought on by the spreading...