Beyond Bulls & Bears

Summer Slump Strikes Oil Again

Summer Slump Strikes Oil Again

The timing and the amount of (Iranian) oil that will find its way into the market are still hotly debated, and this will determine whether the return of Iranian barrels will be orderly or become disruptive to global markets.

Headwinds—or Tailwinds—for Fixed Income Investors

Headwinds—or Tailwinds—for Fixed Income Investors

As long-term, fundamental investors, we think the equilibrium rate—the prevailing interest rate when supply equals demand—for intermediate US Treasuries should be higher and likely will move higher—eventually.