Sigma Signals

Week of September 5, 2022

US Treasury securities – ranging from the one month T-Bill to the 30 year bond – have approached 10 year highs in yield. This is due in part to the reversal of the Feds quantitative easing as well as recognition by Treasury securities investors that interest rates need to adequately reflect inflation rates over the term of the security. Accordingly, we have adjusted our USTN Signal from yellow to green. Status quo everywhere else.

Bob Bilkie, CFA