Patrick Leary 


Patrick Leary
Chief Market Strategist
Senior Trader



2021 Highlights

Wall Street comes to grips with a Fed that will do what it says

   Date: 04/10/2021  |  Source: MarketWatch


U.S. Treasury yields hold ground after dovish Fed minutes

   Date: 04/07/2021  |  Source: MarketWatch


Instant View: U.S. March payrolls surpass expectations, joblessness rate drops

   Date: 04/02/2021  |  Source: Reuters


Bank demand for Treasuries in focus after Fed ends regulatory break

   Date: 03/19/2021  |  Source: Reuters


Treasury yields come off highs Fed soothes rate-hike fears

   Date: 03/17/2021  |  Source: MarketWatch


We Are Sitting On An Incredibly Important Turning Point

   Date: 03/16/2021  |  Source: ZeroHedge


Shift in Fed policy comes into question as bond yields climb higher

   Date: 03/15/2021  |  Source: S&P Global Market Intelligence


Bond Market’s ‘Game of Chicken’ With Fed Is Set for a Reckoning

   Date: 03/13/2021  |  Source: Bloomberg


Investors seeking action from Powell on yields disappointed

   Date: 03/04/2021  |  Source: Reuters


Global equities rise as U.S. bond yield fears ease

   Date: 02/23/2021  |  Source: Reuters


ANALYSIS-Rising U.S. yields could spur mortgage-related selling of Treasuries

   Date: 02/16/2021  |  Source: Reuters


30-year Treasury yield hits highest levels in a year on recovery hopes

   Date: 02/3/2021  |  Source: MarketWatch


TREASURIES-U.S. yields rise after inflation data, higher yields in Europe
Date: 01/29/2021  |  Source: Reuters


TREASURIES-Yields drop on short covering after strong 10-year auction
Date: 01/12/2021  |  Source: Reuters


Economy sees job loss in December for the first time since April as surging virus takes toll
Date: 01/08/2021  |  Source: CNBC


U.S. Treasury yields extend climb despite disappointing jobs report
Date: 01/08/2021  |  Source: Market Watch


The Weekly Fix: Treasuries Flinch as Fiscal Cavalry Saddles Up
Date: 01/08/2021  |  Source: Bloomberg Business


2020 Highlights


Year-end Santa rally could depend on the big week ahead for markets
Date: 12/11/2020  |  Source: CNBC


Treasury yields rise as weak November jobs report raises fiscal relief hopes
Date: 12/04/2020  |  Source: MarketWatch


Risk assets rally to records as U.S. political uncertainty ebbs
Date: 11/24/2020  |  Source: Reuters


A Biden stimulus deal could finally push bond yields higher
Date: 11/19/2020  |  Source: CNN


TREASURIES-U.S. yields inch higher in choppy trading as markets consolidate
Date: 11/10/2020  |  Source: Reuters


Global shares jump as Biden edges toward victory, dollar slips
Date: 11/5/2020  |  Source: Reuters


US yield curve steepest in nearly 3 years on potential for election 'blue wave'
Date: 10/23/2020  |  Source: S&P Global


10-year Treasury yield extends rise above key 0.80% level after jobless claims drop, stimulus hopes
Date: 10/22/2020  |  Source: MarketWatch


Markets mixed with all eyes on U.S. stimulus talks
Date: 10/21/2020  |  Source: Reuters


Analysis: Betting on further U.S. yield curve steepening? Not so fast!
Date: 10/20/2020  |  Source: Reuters


Stocks slide on news of Trump's positive Covid-19 test
Date: 10/02/2020  |  Source: CNN Business


Treasury yields edge lower after Trump tests positive for coronavirus
Date: 10/02/2020  |  Source: MarketWatch


Wall Street slides after Trump's positive COVID-19 test
Date: 10/02/2020  |  Source: Reuters


Investors still don't believe the stock market's rally can last
Date: 08/19/2020  |  Source: Axios 


S&P 500® hits all-time high despite COVID-19 devastation
Date: 08/18/2020  |  Source: NY Post 


US STOCKS-S&P 500® hits record closing high, regaining pre-COVID level
Date: 08/18/2020  |  Source: Reuters 


Patrick Leary On The State Of The Bond Market After Spike In Yields
Date: 08/12/2020  |  Source: TD Ameritrade Network 


July jobs report could be ‘nail in the coffin’ for higher rates
08/06/2020  |  Source: Market Watch


10-year Treasury yield flirts with record closing low as investors grow gloomy on economic rebound
08/04/2020  |  Source: Market Watch


Fed Affirms Commitment to Support a Faltering Economy
07/29/2020  |  Source: ThinkAdvisor


June US payrolls rise sets record amid virus reopenings
  Date: 07/02/2020  |  Source: Reuters            


Bond Investors Beware: Fed Support Won’t Erase Risks
06/19/2020  |  Source: ThinkAdvisor



Stocks and dollar gain on U.S. retail sales, drug trial
06/15/2020  |  Source: Reuters



The Fed says it is going to start buying individual corporate bonds
06/15/2020  |  Source: CNBC



Fed Indicates No Change in Interest Rates Through 2022
06/10/2020  |  Source: ThinkAdvisor



Patrick Leary On How The Market Is Benefiting From The Fed's Stimulus
06/08/2020  |  Source: TD Ameritrade Network



Surprise May U.S. payrolls rise fans hopes for economic recovery
06/05/2020  |  Source: Reuters



A $1 Trillion Fed-Fueled Borrowing Bonanza for the Creditworthy
06/04/2020  |  Source: Bloomberg



Specter of Negative Rates Is Putting Wall Street Bankers on Edge
05/21/2020  |  Source: Bloomberg



As states reopen, it’s a race against the clock for small businesses to pay bills and stay solvent
05/20/2020  |  Source: CNBC



Investors seen queuing up for new U.S. 20-year bonds, backstopped by Fed
05/19/2020  |  Source: Reuters



Stocks could be stuck in a range until there’s more proof reopenings are reviving the economy
05/15/2020  |  Source: CNBC



Reallocating Assets After Global Pandemic - What Wealth Managers Say
05/15/2020  |  Source: Family Wealth Report 



Powell is expected to squash idea of negative rates, even as Trump says US would benefit

  Date: 05/12/2020  |  Source: CNBC



Municipal Bonds Can’t Easily Dismiss Doomsayers This Time
  Date: 05/11/2020  |  Source: Bloomberg



Green shoots: Wednesday was one of the most positive days for the stock market on many fronts

  Date: 04/29/2020  |  Source: CNBC



The Fed's low rates will punish people who save

  Date: 04/27/2020  |  Source: CNN Business 



Taper Tantrum II? Fed's slowing Treasury purchases may boost bond yields

  Date: 04/27/2020  |  Source: Reuters 



This Retirement Strategy Worked Like a Charm When the Stock Market Crashed. Here’s Why.

  Date: 04/19/2020  |  Source: Barron’s



A blast of earnings news is coming, but the market may be more focused on when the economy will reopen

  Date: 04/17/2020  |  Source: CNBC



TREASURIES -U.S. yields retreat as virus outbreak damages economic data

  Date: 04/16/2020  |  Source: Reuters



How Fed Intervention Has Saved, but Distorted, the Bond Market

  Date: 04/16/2020  |  Source: ThinkAdvisor



Treasury yields tick lower as Fed deploys ‘M1 tank’ to support economy

  Date: 04/09/2020  |  Source: MarketWatch



Fed’s souped-up lending programs extends aid to ‘junk’ bonds

  Date: 04/09/2020  |  Source: MarketWatch



US stocks higher to start week on positive note

  Date: 03/30/2020  |  Source: Financial Times



The Fed Brings the Global Financial System Back From the Abyss

  Date: 03/28/2020  |  Source: Bloomberg



Fed’s aid to battered corporate bond market creates ‘winners and losers’

  Date: 03/26/2020  |  Source: MarketWatch



Fed's big move could help U.S. Treasury liquidity, but effects may not last long

  Date: 03/24/2020  |  Source: Reuters



Fed bombards credit markets with limitless pledge, but investors barely respond

  Date: 03/23/2020  |  Source:



Another harrowing week looms for markets as US economy shuts down and virus spreads

  Date: 03/20/20  |  Source:



Floored market clamors for measures beyond second rate cut

  Date: 03/16/2020  |  Source: GlobalCapital



Wall Street fears ‘flashbacks to 2008’ with forced selling in $9 trillion U.S. corporate bond market

  Date: 03/14/2020  |  Source: MarketWatch



Fed used “most powerful tool” too soon by cutting rates, investors say

  Date: 03/05/2020  |  Source: GlobalCapital 



Incapital adds four to fixed income team with eye on MBS

  Date: 02/10/2020  |  Source: GlobalCapital



Advisor Predictions for 2019 Bond Market Bombed

  Date: 02/03/2020  |  Source: Financial Advisor Magazine