As with each summer’s fashion a new color of dress becomes the “new black”. Pink, green, orange, you make the choice. In regard to the bond markets the question could be is 3% the new black? Bill Gross seems to think so, he is calling for economic growth and yields to remain slow and low,…
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The yield on the S&P/BGCantor Current 10 Year U.S. Treasury Index since its step down on May 13th as a result of Retail Sales has remained in a range of 2.48% to 2.58%. There are a number of economic releases scheduled to follow the U.S. Memorial Day Holiday. Today’s reporting of Durable Goods Orders (0.8% versus…
The week ahead should be a busy one with a number of economic indicators scheduled for this week. Monday starts with a less relevant number, the Treasuries Federal Budget Summary ($106.9bn actual versus $114bn, expected) leading into the more important April Retail Sales (0.4% expected) which after a revision on last month’s number up to…
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…
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