Net new Treasury supply will be extremely light for the balance of the second quarter and the ECB and BoJ are pumping cash like mad into the accounts of bond trading firms. What are they going to do with it?
After a promising start to an apparent 13 week cycle up phase, suddenly there are problems with resistance.
Brookings scholars share my view that American industry remains in struggle, not renaissance mode. Two aspects of its newest manufacturing report are especially worth highlighting:
Average monthly job creation has been so strong for the past year (259,000) that it’s produced the best such performance since the late-1990s.
As Congress’ debate over President Obama’s trade agenda heats up, yesterday’s revised government figures on the gross domestic product (GDP)
Fed Chair Janet Yellen made some minor trade-related headlines (in the greater scheme of things) when she reportedly told the Senate Banking Committee that she opposed including enforceable disciplines on currency manipulation in trade agreements.