Think of the yield curve in terms of Chutes and Ladders.

Why you should care about the yield curve

Sep 9, 2015
It reflects what investors think will happen to the economy.
Posted In: Federal Reserve, interest rates, yield, yield curve, bonds, Treasuries, whiteboard

A bill is not a bond is not a note

Oct 15, 2013
Treasuries come in all ages and levels of maturity.
Posted In: Treasuries

Debt ceiling fears push financial institutions to sell Treasuries

Oct 11, 2013
Some financial institutions, worried they might not get their money back if the Treasury defaults on its debt, are selling their short term government debt. This presents risks to the financial system and to the economy.
Posted In: Treasuries

What's a floating-rate note and how does it work?

Aug 6, 2012
The Treasury Department is planning to roll out a floating-rate note program in about a year. But what is a floating-rate note and why do we need one? Sr. Producer Paddy Hirsch explains with a boat analogy.
Posted In: Treasuries, interest rates, floating-rate, Investing, whiteboard

Explaining the Fed's 'Operation Twist' with diamonds

Jun 26, 2012
The Federal Reserve's most recent policy move is simply a way of driving down interest rates. But how does it work? Sr. Producer Paddy Hirsch explains Operation Twist with a simple analogy.
Posted In: Fed, treasury, Operation Twist, Federal Reserve, Treasuries, interest rates, whiteboard

Who are the biggest holders of U.S. debt?

Jun 4, 2012
There's always talk that foreigners -- China, especially -- hold all of our debt, but that isn't true.
Posted In: Treasuries, Federal Reserve

Why the Fed is buying back Treasuries and how that helps

Sep 1, 2010
Here's an email I got earllier this week:...
Posted In: stimulus, The Fed, Treasuries, whiteboard

What are we talking about?

Oct 15, 2008
When you hear us warning that the credit market shows signs of severe stress, what's the index to watch? There's no easy answer. There's a...
Posted In: LIBOR, TED Spread, Treasuries