(Bloomberg) — $35b auction was awarded at 2.658%, matching the When Issued (WI) yield at bidding deadline, highest 5Y auction stop since 2.665% in December 2009;
US Existing Home Sales declined 3.2% MoM in January, but fell 4.8% YoY (SA). That is the lowest growth rate since 2014.
Yes, The Federal Reserve has been taking it easy with monetary policy since November 2008 when their QE program began. The problem is … its is now 2018 and over 10 years after. And The Fed is finding it hard to go home to rate normalization.
Yes, Treasury will sell a quarter of a trillion dollars of bills and notes this week to fund the Crazy Train spending habits of the US Congress.
The Federal Reserve bought millions of dollars of 10-year Treasury notes when it began their asset purchases back in 2008. And now those same 10-year Treasury notes are maturing. The result?
Interest rates are on the rise and banks may be calling The Federal Reserve singing “Where Were You When I Need You?
US Housing Starts rose a hot 9.7% MoM in January. As Buster Poindexter sang, it’s Hot Hot Hot! That number is misleading
The Fed of St Louis’ Bank Financial Stress Index has skyrocketed in its latest update. OR is this old news? Or could it be that the bank performance index has underperformed the S&P500 index? It is as if markets just saw Godzilla!
The economy is heating up, giving the US some “Smokestack Lightnin’.”
For years, mortgage companies have been advertising that “mortgage rates are rising.” At last, they are actually right!