I am speaking today at an American Action Forum event in Washington DC at noon entitled “The Future Of Housing Finance Reform.” Also speaking will be affordable housing guru Laurie Goodman from The Urban Institute with Politco’s Lorraine Woellert moderating. Meghan Milloy of the American Action Forum penned a nice editorial in advance of the event … Continue reading Don’t Forget About the GSEs (Fannie Mae and Freddie Mac) And Their Government Guarantee →
(Bloomberg) — Some jobs might be threatened by automation. But when it comes to government bond trading in Japan, the biggest threat might be the country’s central bank.
U.S. retail sales unexpectedly fell in February for a third month
Inflation has been sighted in the US at last! The Producer Price Index (less) less the volatile food and energy measures rose to its highest level since February 2012.
Today’s US Treasury 30-year bond auction was strong. $13 billion were sold to the public and none purchased by The Fed for the first time since the December 12, 2017 auction.
Janet Yellen kept saying that inflation was just around the corner, but apparently she meant one of those long New York City blocks.
Today’s 3-year Treasury auction brought a high yield of 2.280%, the highest since 2007.
Based on the number of bids that investors submitted versus the amount sold, average demand for 10-year notes has fallen to the lowest since October 2009. (Bid-to-cover compares the volume of securities that dealers enter bids for to the volume offered for sale). Treasury supply is further exacerbating what should be a natural move away from the market … Continue reading Double Whammy! 10-year Treasury Bid-to-cover Ratio Lowest Since ’09 As Treasury Borrowing Increases And Fed Tightens →