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Ugly 30Y Auction Tails For First Time Since November, Lowest Foreign Demand Of 2024
Article By:
Tyler Durden
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Thursday, April 11, 2024 1:35 PM EDT
The bid to cover dropped from 2.472 in March to 2.367, the lowest since November, and obviously below the 6-auction average of 2.37.
In this article: TYX
10-Year US Treasury Yield ‘Fair Value’ Estimate - Thursday, April 11
Article By:
James Picerno
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Thursday, April 11, 2024 7:25 AM EDT
Yesterday’s hotter-than-expected consumer inflation report suggests that a hefty market premium will endure, and perhaps rise further, in the near term.
In this article: IEF
Suppose We Never Get Back To 2% Inflation Rate
Article By:
Norman Mogil
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Wednesday, April 10, 2024 5:14 PM EDT
Economic growth is far from solid and any further hike in rates will mostly kill growth without any assurance that inflation will tumble.
CPI Came In Hotter Than Expected - Again
Article By:
Stefan Gleason
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Wednesday, April 10, 2024 4:48 PM EDT
The central bank can’t plausibly cut rates with price inflation still far above its target.
Snapshots Of Corporate Bonds In The Long Run
Article By:
Timothy Taylor
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Wednesday, April 10, 2024 4:25 PM EDT
This “fallen angel” price dynamic has been noted for some years now even after being published in the literature, but at last check, it does not yet seem to have disappeared.
In this article: HYG
Gold Continues Up Defying Conventional Behavior, In 3 Charts
Article By:
John Rubino
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Wednesday, April 10, 2024 1:35 AM EDT
Ever since Nixon took the US Dollar off the gold standard in 1971, gold has acting accordingly. There are three relationships that traders, investors, and I suppose many gurus out there have been able to rely on to predict gold’s future pricing.
Ugly 3Y Auction Tails The Most In Over A Year As Foreign Buyers Flee Ahead Of CPI
Article By:
Tyler Durden
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Tuesday, April 9, 2024 2:00 PM EDT
The high yield of today's auction was 4.548%, up markedly from last month's 4.256% and the highest since November's 4.701%.
Rising Bond Yields Risk Eclipsing Stock Market Gains
Article By:
Interactive Brokers
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Monday, April 8, 2024 1:56 PM EDT
Except for the banking crisis of early 2023, stocks rose along with bond yields until the end of July. At that point, rates began to rise convincingly above the 4% level, and stocks began to suffer.
Asia Morning Bites - Monday, April 8
Article By:
ING Economics
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Monday, April 8, 2024 2:00 AM EDT
Philippine central bank meets to decide on policy while Japan’s labour cash earnings came in as expected. As Chinese financial markets return from a four-day holiday, markets will be keeping a close eye on the PBOC’s yuan fixing rate.
A Hot CPI Report This Week May Send Rates And The Dollar Surging
Article By:
Michael J. Kramer
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Sunday, April 7, 2024 3:20 PM EDT
This week will be all about price inflation, with the CPI, PPI, and import/export price reports. CPI is expected to rise by 0.3% month-over-month, down from 0.4%, while increasing by 3.4% year-over-year, up from 3.2%.