US Bond Market Week in Review: There Is Little to No Stress in the Financial System

           This week was very uneventful for the bond market.  While Chairperson Yellen did give make her annual Jackson Hole presentation, her topic was very uncontroversial and hardly market moving.  So this week’s column will be short.  It will make only a single, yet very important observation: there is no sign of any stress in the fixed income markets.             Let’s start with various indexes of financial stress, each prepared by a separate Federal Reserve Bank:

Source: XE news feed
US Bond Market Week in Review: There Is Little to No Stress in the Financial System