Balance Sheet: Interest Rates and Nicholas Colas

balance sheet: In a statement, the Fed, which raised interest rates four times in 2018, signaled Wednesday that it's on hold until further notice, according to Market Watch. In a separate statement, it also signaled it might slow the pace of the rundown of its balance sheet for technical reasons. We're as happy as anyone that U.S. stocks have rebounded, but we're not mistaking the Fed's easier stance for a sign the clouds have cleared, wrote Nicholas Colas, co-founder of Data Trek Research, in a Thursday note. See Patient' Fed adopts wait-and-see stance as Powell says case for higher rates weakens' Even as investors dived in to equities after the Fed's meeting this week, a simultaneous bond-market rally appeared to offer up a more pessimistic assessment. Yields rebounded Friday, with the 10-year ending at 2.68%, but off 6 basis points for the week. The 10-year Treasury yield TMUBMUSD10Y, 0.73% finished below 2.70% on Wednesday, the first time in three weeks, plunging an additional 6 basis points on Thursday. (news.financializer.com). As reported in the news.