CPI came in as expected yesterday, but that didn’t stop long-end rates from rising, with the 30-year up six bps and the 10-year up two bps. The dollar index also continued to melt up after the data,...
US Treasury yields spike, driving USD/JPY higher and precious metals lower Bond market volatility intensifies as traders demand more compensation Long-dated yields surge while short-dated yields...
Why this "obvious loser" of the election may actually be a big winner... Trumphoria is gripping markets — everyone expects a repeat of the 2016 bull run when Trump first got elected. All the obvious...
We saw a small move up in the precious metals sector (and then back down), which is completely in tune with what I wrote yesterday, and as such, it doesn’t change the outlook. Indicators of a...
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Greenlight Capital President David Einhorn said on Wednesday he has added some inflationary protection to his hedge fund portfolio as he believes that inflation will go up under the government of President-elect Donald Trump. Speaking at the CNBC Delivering Alpha conference, Einhorn said inflation is likely to be between 3.5% and 4.5% next year. In the 12 months through September, the consumer price index rose 2.6%, the Labor Department's Bureau of Labor Statistics said on Wednesday.
I said two months ago that I didn’t think the Fed should ease, but they would anyway. And they did, by cutting overnight rates 50bps. Then last month I said: “Getting rates back to neutral, around...
(Reuters) -U.S. stock index futures edged lower on Wednesday as Treasury yields moved higher and weighed on rate-sensitive equities ahead of crucial inflation data that will offer more clarity on the pace of the Federal Reserve's interest rate reductions. All three major Wall Street indexes closed lower on Tuesday, as a strong rally following the U.S. election lost some steam, while the benchmark U.S. 10-year Treasury yield moved above the 4.4% level on expectations that President-elect Donald Trump's policies could exacerbate inflation.
Futures tied to Canada's main stock index marginally fell on Wednesday, mirroring Wall Street peers, ahead of key U.S. inflation data due later in the day. December futures on the S&P/TSX index were down 0.07% at 6:04 a.m. ET (11:04 GMT).
Fed funds futures are still leaning into expectations that the Federal Reserve will reduce its target rate next by a quarter point, but the related confidence of the forecast is slipping. The current...