Last Week: Interest rates and equities rose modestly, boosted by broad strength in commodities and a strong start to the corporate earnings season. The yield on the US 10-year Treasury note jumped 11 basis points to 2.93% as 1-month LIBOR rose to 1.8982% from 1.8943% the week prior. Oil prices slipped back from three-year highs […]
Last Week: Interest rates rose while equities were little changed on a net basis amid slowing activity ahead of the holidays. Yields on US 10-year Treasury notes rose to 2.49% from 2.36% the week prior, as the passage of the US tax reform bill is expected to provide a tailwind to the economy beginning in […]
Last Week: After a volatile week, interest rates and equities extended gains amid optimism Congress will pass a tax reform bill, possibly before year-end. Strong global economic data helped send yields on US 10-year Treasury notes higher on the week, to 2.39% on Friday morning from 2.33% the week prior. 1-month LIBOR also traded higher, […]
Last Week: The U.S. economy added 255k new nonfarm jobs in July, beating economist’s estimate of 180k. June’s jobs data was upwardly revised to 292k from 287k. Job gains coupled with a rise in the length of the workweek and a larger-than- expected increase in average hourly earnings resulted in a sharp monthly gain in […]
Last Week: With last Wednesday’s Fed meeting mostly a non-event, Friday’s release of lackluster GDP data for Q2 stole the show. The 1.2% read on US growth – the worst since 2011, and less than half of what was predicted by leading economists – evidenced a stumbling economy in the first half of the year […]
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