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According to Bloomberg, for the first time since the 30-year Treasury came into existence in the 1970s, 30-year Treasury yields are now below the dividend yield for the S & P 500. For the 10-year, yields are one percentage point below the ...

An argument can be made the world’s sovereign debt markets just got a lot riskier as Sweden just ended a half of decade of negative rates. The question at hand will other central banks follow their lead? Everything in the world is priced...

As with months’ past, there was little attention focused on the impeachment drama. For the moment trade, the primary catalyst of 2019 is not an immediate issue. Will activity continue wane as the year is quickly coming to an end? ...

Equities were relatively quiet as the euphoria over a partially completed trade deal began to fade. Economic data continued to be stronger than expected including pivotal housing data that stated permits rose to a 12 year high. More over the number of October’s...

2019 will perhaps be regarded as the year the unexpected occurred. Domestically the economic forecast for 2019 penned around this time last year was largely met but the response to it was largely unexpected given the consensus view ...

Last year at this juncture the 10-year was yielding around 3.25% and consensus was expecting the 10-year Treasury to broach 4% sometime in 2019 as the Fed continued with its anticipated tightening cycle of an additional 50-75 basis points. In reality the 10-year fell ...

Typically bond investors and economists have little difference of opinion. Today the gap is huge. According to economists surveyed by the WSJ, the Fed Funds rate should climb to 2% in a two year period. Ten year treasury investors with a yield at 2.04% do...