CIBC Private Wealth Management Blog
Tim Musial, CFA
Investments

What are Repurchase Agreements?

Tim Musial, CFA
September 20, 2019

We have received a number of questions regarding developments in the short-term funding markets.  Yields for overnight “repos” surged to the 10% area earlier in the week and drew comparisons to market disruptions leading up to the financial crisis in 2007.  We see the current episode as a mismatch between the supply and demand for funding that can and has been addressed by overnight...
Investments

Bonds Versus Bond Funds: Is Either Approach Advantageous in a Rising Rate Environment?

Tim Musial, CFA
February 22, 2018

Download PDF   Yields on 10-year Treasury bonds have been in decline for the last three decades, but the recent reversal in interest rates has many questioning if the thirty-year bull market in bonds is finally over. Given the inverse relationship between interest rates and bond prices, bond investors risk a potential  loss of market values  if unprepared for a shift in...
Investments

What are Repurchase Agreements?

Tim Musial, CFA
September 20, 2019

We have received a number of questions regarding developments in the short-term funding markets.  Yields for overnight “repos” surged to the 10% area earlier in the week and drew comparisons to market disruptions leading up to the financial crisis in 2007.  We see the current episode as a mismatch between the supply and demand for funding that can and has been addressed by overnight...
Investments

Bonds Versus Bond Funds: Is Either Approach Advantageous in a Rising Rate Environment?

Tim Musial, CFA
February 22, 2018

Download PDF   Yields on 10-year Treasury bonds have been in decline for the last three decades, but the recent reversal in interest rates has many questioning if the thirty-year bull market in bonds is finally over. Given the inverse relationship between interest rates and bond prices, bond investors risk a potential  loss of market values  if unprepared for a shift in...