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The 10-year Treasury yield topped 1.3% on Tuesday after hitting 1.2% on Friday, while the 30-year gained 8 basis points to 2.08%. Financials also took off due to the steepening

"Treasurys at these rates... I wouldn't touch them with a 10-foot pole," JPMorgan Chase CEO Jamie Dimon said at Goldman Sachs' annual financial services conference.The yield on the 10-year Treasury

The Bank of Japan has taken over as the biggest owner of the nation’s stocks, with the total value of its holdings climbing well above $400 billion.

In response to the global COVID-19 recession, central banks across the world unleashed synchronized monetary stimulus to backstop the economy.With the lack of inflation pressure, and higher tolerance for inflation overshoots, central banks globally are likely to keep interest rates low for a long time.Today’s low-interest rate environment creates some challenges for investors looking for adequate returns through bonds, but great opportunities for borrowers and equity investors.

Examine the possibility that a "blue wave" is not necessarily "growth-friendly" and how fixed-income investors should plan for such an outcome.A "blue wave" results in a potentially higher tax, an increased regulatory environment and a less "business-friendly" setting, which could ultimately result in slower economic growth.If the UST market does embrace "the other side of the trade," investors should take a more "strategic" approach to fixed-income asset allocation and be mindful of the current and prospective shape of the yield curve (relatively flat now, potentially steeper later).

Income exceeded expenses for the month.I discuss the goal of the portfolio.Dividend growth tracking is added.Industrial sector watchlist presented with discussion of General Dynamics and Lockheed Martin.

Global economic growth has underwhelmed versus expectations generally since 2011.Lower than expected growth versus expectations has caused investors to chase growth at almost any price, and duration in their bond investments almost at any price.This crowded investment landscape is about to experience a wholesale change, with global growth outperforming expectations led by China and the United States.

Over the last few weeks, we have discussed much of what happens to the stock market both pre- and post-presidential elections.With no stimulus currently on the horizon and a resurgence of economic weakness, there is more than a reasonable risk we may see more disappointment in economic data ahead.We currently have more equity exposure than we are comfortable with.However, technically, there is no reason to reduce exposure as trends remain positive sharply, the sentiment remains clearly bullish, and volatility remains suppressed.We are still hedging portfolios by holding slightly higher levels of cash and adjusting the duration of the bond portfolio to mitigate drawdown risk.