maturity

This chart from Mark Rzepcznski of the Disciplined Systematic Global Macro blog shows that, this year, there’s a positive correlation between the 30-year Treasury and the S&P 500, while for other maturities it’s negative.

—Yields on U.K. sovereign bonds, or gilts, were down around 2 basis points for 10-year maturities ahead of the Bank of England’s rate decision, where it expected to hold steady.

For the current quarter, the Treasury is expected to announce that it will issue $125 billion in bonds, which span across maturities of three, 10, and 30 years.

He said that he has observed demand for intermediate-term Treasurys, or maturities in the range of seven to 10 years, and expects that to continue.

He brought to the ticket an element of maturity and Washington gravitas that the inexperienced Bush did not possess.