Kevin Horan

Director, Fixed Income Indices
S&P Dow Jones Indices
Biography

Kevin Horan is Director, Fixed Income Indices at S&P Dow Jones Indices (S&P DJI), and is responsible for executing tactical and strategic actions focused on building the commercial success of fixed income indices. In coordination with the client coverage team, Kevin interfaces with clients and prospective clients in order to identify and communicate client-driven needs.

Kevin has almost 30 years of fixed income product knowledge in an indexing, marketing, sales, and trading capacity. Prior to joining S&P DJI, Kevin spent eighteen years at Merrill Lynch, most recently as director of Bank of America Merrill Lynch’s global bond indices. Kevin also worked for Salomon Brothers in its New York General Sales Division.

Kevin holds a master’s degree in finance from Fordham University, a Bachelor of Science degree from The Pennsylvania State University, and a Product Management Certificate from the UC Berkeley Center for Executive Education.

Author Archives: Kevin Horan

Putin Today, Shiller Tomorrow, Yellen on Wednesday

Over the course of last week, yields on all on-the-run bonds moved lower.  The yield on the S&P/BGCantor Current 10 Year U.S. Treasury Index closed Friday 11 basis points lower at a 2.67%.  During the week the Treasury did auction $32 billion 2’s, $35 billion 5’s and $29 billion 7-year notes.  Though the 2-year auction Read more […]

Index of Leading Indicators Kicks-Off the Week

The yield on the 10-year Treasury as measured by the S&P/BGCantor Current 10 Year U.S. Treasury Index suddenly moved higher to 2.78% from the previous day’s 2.64%.  Thursday’s upward movement before the Good Friday Holiday was a result of negotiations over the Ukraine crisis possibly resulting in an accord to defuse the conflict. Yields in Read more […]

Retail Sales Hop Before the Easter Weekend

Treasuries closed the week returning 1.02% as measured by the S&P/BGCantor Current 10 Year U.S. Treasury Bond Index.  Last week’s return was the strongest weekly return since the flight to safety trade driven by Ukraine / Russia news from the week of March 14th, which remains the largest weekly gain for the year. This week Read more […]

The Fed’s March Rate Decision Could Determine If This Week Is A Lion or A Lamb For Bonds

Treasuries closed the week returning 1.32% as measured by the S&P/BGCantor Current 10 Year U.S. Treasury Bond Index.  The index is now returning 0.18% for the month and 4.13% year-to-date.  Continued concerns over the Ukraine political situation may have led to a demand for Treasuries as a flight to safety trade.  The auctions of $64 Read more […]

International events take the front seat

Due to the political issues surrounding Russia and the Ukraine, the yield of the 10-Treasury as measured by the S&P/BGCantor Current 10 Year U.S. Treasury Bond Index tightened by 8 basis points over the course of the last week of February.  The index returned 0.39% for the month as the year-to-date is now a 3.94%. Investors Read more […]

A Week of Auctions and Announcements

The S&P/BGCantor Current 10 Year U.S. Treasury Bond Index closed last week up 0.12%.  January’s Housing Starts number of 880k fell well below the 950k expected number and the prior revised level of 1048k pushing Treasuries up for the week.  The question was how much of the number was due to harsh winter weather or Read more […]

Fixed Income Update: Presidents’ Day Week

A short week ahead due to yesterday’s President’s Day Holiday.  Treasuries gained today as the Empire Manufacturing report released today was a 4.48.  The survey of manufacturing executives was bearish when compared to the expected number of 8.5 and its prior number of 12.51.  February’s home builder’s sentiment was also lower as the National Association Read more […]

The U.S. Congress and Investors Await Janet Yellen Comments

The S&P/BGCantor U.S. Treasury Bond Index finished last week slightly down -0.02% after the market traded up at the end of the week in reaction to the Nonfarm Payroll number. This January indicator of employees on business payrolls (113k) disappointed expectation of 180k giving bond prices an upward push after three days of declines. Treasuries Read more […]

Europe’s Short Rate Remains Unchanged

The European Central Bank left its key rate unchanged at a record low of 0.25%. There was speculation around whether the European Central Bank would cut rates again in response to the low level of inflation (0.7% in January). The central bank’s president, Mario Draghi, addressed the low inflation issue by saying that the measure Read more […]

Treasury yields remain lower for the start of 2014

Counter to the thinking that tapering would drive yields higher; Treasury yields have remained lower for the start of 2014.  Additional collateral needs to meet regulatory requirements; risk-off trading and economic uncertainty in emerging market countries such as Turkey have temporarily kept rates lower than the start of the year.  It remains to be seen Read more […]