Tom Graff

Recent Articles By The Author

What a 3% Yield on 10-Year Means for Stocks

What a 3% Yield on 10-Year Means for Stocks

If rates rise and earnings stall, that will be a problem for equities.

Is Unemployment Too Low?

Is Unemployment Too Low?

The Fed will keep raising short-term rates, but longer term yields are likely to fall.

Even 'Doves' See Higher Interest Rates

Even 'Doves' See Higher Interest Rates

The minutes of the latest Fed meeting show remarkable uniformity among FOMC members.

3 Trades I'm Making Off the Jobs Report, And How the Numbers Will Affect the Fed

3 Trades I'm Making Off the Jobs Report, And How the Numbers Will Affect the Fed

The narrative that the job market was reaccelerating now seems off base.

Are Interest Rates No Longer a Problem?

Are Interest Rates No Longer a Problem?

I have a few takes on this along with some updated thoughts on how I'm positioning portfolios.

How to Interpret and Play Wednesday's Fed Announcement

How to Interpret and Play Wednesday's Fed Announcement

A June rate hike is now almost certain.

A Big Week for the Bond Market

A Big Week for the Bond Market

The CPI and bonds, and what it means going forward.

Jobs Report, the Fed: An Aggressive Way to Play It Is With Mortgage REITs

Jobs Report, the Fed: An Aggressive Way to Play It Is With Mortgage REITs

Right now the bias is to sell bonds that get tight rather than ride out the yield.

What the Spike in Treasury Bonds Supply Means for Interest Rates and Inflation

What the Spike in Treasury Bonds Supply Means for Interest Rates and Inflation

The huge $179 billion issuance this week is only the beginning.

The Fed Minutes, Inflation, Rate Hikes and What the Market's Reaction Tells Us

The Fed Minutes, Inflation, Rate Hikes and What the Market's Reaction Tells Us

Stock investors should be paying more attention to Fed policy, less to the 10-year yield.