Tag Archives: housing

Will the S&P/Case-Shiller Reverse The Trend Or Are Spreads The True Indicator?

Today’s Pending Home Sales for June month-over-month came in lower than the expected 0.5% at a -1.1%.  The prior May number was a 6.1% later revised to a 6.0%.  Tomorrow the S&P/Case-Shiller 20-City Composite Home Price Index is due for release at 9am. Heading into the release, the spread of the S&P/ISDA CDS U.S. Homebuilders Read more […]

To Have and to Hold in Residential Real Estate

Homeowners choose the time to sell their home for various personal and socioeconomic reasons but also for financial considerations such as mortgage rates, tax consequences, current property values, and the holding period. The holding period is the time frame between the day the residential property was purchased to the day it was sold. The general Read more […]

Bonds Will Need to Tread Lightly With Domestic And Global Issues

Last week saw the yield of the S&P/BGCantor Current 10 Year U.S. Treasury Bond Index close 1 basis point tighter than the 2.61% that started its week.  Thursday was the only day in which the yield moved significantly as yields tightened by 5 basis points in reaction to the weaker than expected Retail Sales release.  Read more […]

U.S. Investment Grade Corporates Are Performing Well, Does A Euro Rate Cut Follow The Recent Dip?

The month of May closed on a high note for bonds as the drop in yields saw the S&P/BGCantor Current 10 Year U.S. Treasury Index closed at a yield of 2.47%.  Treasuries as measured by the S&P/BGCantor U.S. Treasury Bond Index returned 0.7% for the month and 2.12% year-to-date. As of today, the yield on 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 […]

Chinese New Year: Element of Wood

In honor of the Chinese New Year, 2014 – Green Wood Horse (馬 午), CCTV interviewed me on lumber.  As for other commodities, The Year of The Horse should be prosperous for lumber, especially for China’s sawmill industry, enabling them to support their construction boom by importing whole logs and sawing them into lumber at a Read more […]