Treasuries headed for their biggest drop in more than two weeks after a gauge of private-sector employment growth was in line with estimates, leaving intact expectations that the Federal Reserve will raise interest rates this year. Processing Content The 10-year note’s yield was nearly five basis points higher on the day at 4.49%, only its […]
Treasuries eye biggest loss in two weeks after ADP jobs data Read More »
Applications for US unemployment benefits rose slightly, while remaining at a level consistent with a stable labor market. Processing Content Initial claims increased by 5,000 to 215,000 in the week ended May 23, the highest since mid-April, according to Labor Department data released Thursday. Continuing claims, a proxy for the number of people receiving benefits,
Jobless claims edge up to 215,000, highest in over a month Read More »
Current interest rate levels are unlikely to budge until 2028 at the earliest, remaining within the same 10 basis point range for the next 18 months, according to a newly revised outlook from Fannie Mae. Processing Content The government-sponsored enterprise projects the 30-year fixed rate to average 6.3% in each of this year’s remaining quarters
Fannie Mae raises mortgage rate forecast through 2027 Read More »
Key insight: The U.S. added 115,000 jobs in April while unemployment held steady at 4.3%. Supporting data: Newly unemployed workers rose by 358,000 in April to 2.5 million. Forward look: The report could complicate an already divided Federal Reserve as it considers whether to combat inflation spurred by geopolitical risks or foster employment by cutting
Economy added 115,000 jobs in April despite mixed signals Read More »
Equifax Inc. said the Iran war prompted more caution about the outlook for the rest of the year, even after a surge in mortgage applications drove first-quarter revenue growth to the fastest in more than four years. Processing Content The credit reporting company maintained its full-year local currency revenue growth forecast, pointing to a slowdown
Equifax sticks to 2026 outlook as Iran War brings caution Read More »
In what will be another quiet week on the economic calendar, Treasurys have begun trading slightly softer, but whether it turns out to be a quiet week news-wise is an entirely different story. Processing Content Friday saw all the Treasurys make solid gains even though the low 10-year and 30-year yields were made in the
Treasurys hold gains as oil, stocks flash mixed signals Read More »
Inflation related to the Iran conflict caused the panel of economists surveyed by Wolters Kluwer to moderate their views on growth and short-term rate cuts. Processing Content The April survey for the Blue Chip Economic Indicators took place before the ceasefire announcement, let alone Friday morning’s release of Consumer Price Index data. The Bureau of
War, oil and inflation: What it means for rates Read More »
With a ceasefire in Iran announced early yesterday evening the economic landscape may have changed dramatically, then again maybe not. Processing Content The only scheduled economic news today is the release of the Minutes of the last FOMC meeting at 2:00, but since the futures markets didn’t have a change in rates priced in for
Iran ceasefire, Treasury gaps shift rate outlook Read More »
Some of Wall Street’s biggest bond-fund managers say financial markets are underestimating the risk that the US war in Iran will cause a sharp slowdown in an already sputtering economy. Processing Content As oil pushes over $116 a barrel and the conflict shows little signs of ending, traders have largely focused on the inflation shock.
JPMorgan, Pimco say bond market is misjudging slowdown risk Read More »
US household wealth rose in the fourth quarter to a fresh record as the stock market continued to rally as the year drew to a close. Processing Content Household net worth climbed $2.2 trillion from the prior quarter to $184.1 trillion, a Federal Reserve report showed Thursday. The value of Americans’ equity holdings increased $1.6
US household net worth climbs $2.2 trillion to fresh record Read More »