Marcus Hatherly
Marcus Hatherly writes for Curvo Journal and other Independent Journal publications, covering economic data and Treasury markets and the Federal Reserve and central banks. Reporting under this byline is prepared by the Independent Journal editorial desk from primary sources, with AI assistance, and reviewed under our editorial policy.
10 articles
Mexico's Growth Beat Tests the Bond Market's Rate Views
Mexico's economy slowed less than expected in Q3, easing pressure for rate cuts. What the surprise means for the bond market and Treasury yields, and what to watch.
Treasury yields face Fed statement and a record AI import wave
The Fed issued its FOMC statement as a report showed the US goods trade deficit widening on record AI-related imports. What it means for Treasury yields.
$69B Treasury Auction Sees Indirect Demand Fall 12.1 Points
A $69 billion 2-year note sale saw indirect demand drop 12.1 points, just as the Fed decides ahead of GDP and PCE data. Here is what it means for yields.
Deficit Hits $1.99 Trillion as Treasury Yields Stay Elevated
The US fiscal 2026 deficit reached $1.99 trillion, the largest in five years, just as a hot CPI report pushed the 10-year yield above its 2007 high.
Fed Posts Discount Rate Minutes as Treasury Yields, Housing Watched
The Fed released minutes of three discount rate meetings from August and September, as September home sales rose and mortgage rates clouded the outlook.
Bond Market Rate Volatility Keeps Spreads Wide Ahead of 30-Year Sale
ING says elevated rate volatility, set off by the 10-year Treasury passing 5%, keeps European bond spreads wide as the US sells $22 billion of 30-year bonds.
Bond Prices and Yields Explained: Why They Move Opposite
Bond prices and yields explained: why they move in opposite directions, how coupon, maturity and duration matter, and how to read yield quotes on Treasuries.
Inverted Yield Curve Explained: What It Is and What It Signals
Inverted yield curve explained: why short-term Treasury yields can top long-term yields, which spreads analysts track, and why an inversion is a signal and not a forecast.
Fed Minutes Show Three Dissents for a Hike as Treasury Yields Rose
FOMC minutes show a 9-3 vote to hold at 3.5%-3.75%, with three officials wanting a hike and many saying tightening may be needed if inflation does not decline.
Treasury Yields on New 10-Year TIPS Set at 2.438% in July Sale
Treasury's July 23, 2026 sale of $21 billion in new 10-year TIPS cleared at a 2.438% real yield with a 2.375% coupon, offering a read on inflation compensation.