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Strong Data Redefining The Rate Outlook

Strong Data Redefining The Rate Outlook

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Strong Data Redefining The Rate Outlook
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Strong Data Redefining The Rate Outlook
Strong Data Redefining The Rate Outlook
Strong Data Redefining The Rate Outlook
Strong Data Redefining The Rate Outlook
News & media website News & media website | 1 year ago
Strong Data Redefining The Rate Outlook Between Wednesday's ISM Services data and Friday's jobs report, the market was faced with two compelling "yeah buts" to what has generally been a symphony of economic bearishness over the past few weeks.ย  Whereas inflation reports in June and July ultimately didn'tย ultimately didn't extend the market's perceived timeframe for the Fed's first rate cut in 2023 (i.e. June Fed Funds Futures were back to late May levels by the start of this week) the strong d...
Strong Data Redefining The Rate Outlook Between Wednesday's ISM Services data and Friday's jobs report, the market was faced with two compelling "yeah buts" to what has generally been a symphony of economic bearishness over the past few weeks.ย  Whereas inflation reports in June and July ultimately didn'tย ultimately didn't extend the market's perceived timeframe for the Fed's first rate cut in 2023 (i.e. June Fed Funds Futures were back to late May levels by the start of this week) the strong d...
Strong Start on Weaker Global Outlook
Strong Start on Weaker Global Outlook
Strong Start on Weaker Global Outlook
Strong Start on Weaker Global Outlook
News & media website News & media website | 1 year ago
Oil prices, Asian equities indices, US equities futures, EU bonds, EU equities, and US Treasury yields...ย  All of the above moved steadily lower in the overnight session amid a broad risk-off trade.ย  A technical break of June's uptrend in rates is adding the momentum, and so far, Fed Chair Powell's congressional testimony is being received as more dovish than hawkish. The Here's a look at the technical break of June's uptrend in bond yields:
Oil prices, Asian equities indices, US equities futures, EU bonds, EU equities, and US Treasury yields...ย  All of the above moved steadily lower in the overnight session amid a broad risk-off trade.ย  A technical break of June's uptrend in rates is adding the momentum, and so far, Fed Chair Powell's congressional testimony is being received as more dovish than hawkish. The Here's a look at the technical break of June's uptrend in bond yields:
Big Changes in Rate Hike Outlook After 2 Days of Weak Data
Big Changes in Rate Hike Outlook After 2 Days of Weak Data
Big Changes in Rate Hike Outlook After 2 Days of Weak Data
Big Changes in Rate Hike Outlook After 2 Days of Weak Data
News & media website News & media website | 1 year ago
This week's decidedly European theme was only reinforced overnight as bonds benefitted from weaker PMI data in Germany, France, and the overall Eurozone.ย  Not to be outdone, weak US PMI data (specifically in the services sector) added to the gains for bonds.ย  With these gains, yields are suddenly much closer to challenging the lower boundaries of the big, sideways, summertime range (or Spring/Summer range considering it began in early April, technically). With the past 2 days completely trave...
This week's decidedly European theme was only reinforced overnight as bonds benefitted from weaker PMI data in Germany, France, and the overall Eurozone.ย  Not to be outdone, weak US PMI data (specifically in the services sector) added to the gains for bonds.ย  With these gains, yields are suddenly much closer to challenging the lower boundaries of the big, sideways, summertime range (or Spring/Summer range considering it began in early April, technically). With the past 2 days completely trave...
Job growth remained strong in April, unemployment rate unchanged
Job growth remained strong in April, unemployment rate unchanged
Job growth remained strong in April, unemployment rate unchanged
Job growth remained strong in April, unemployment rate unchanged
housingwire housingwire | 1 year ago
Job growth remained strong in April with 2,000 new construction jobs and industry employment 21,000 jobs above pre-pandemic levels. The post Job growth remained strong in April, unemployment rate unchanged appeared first on HousingWire.
Job growth remained strong in April with 2,000 new construction jobs and industry employment 21,000 jobs above pre-pandemic levels. The post Job growth remained strong in April, unemployment rate unchanged appeared first on HousingWire.
August Starts Strong Thanks to Weaker Econ Data
August Starts Strong Thanks to Weaker Econ Data
August Starts Strong Thanks to Weaker Econ Data
August Starts Strong Thanks to Weaker Econ Data
News & media website News & media website | 1 year ago
August Starts Strong Thanks to Weaker Econ Data During the Fed's press conference last week, Powell reiterated what we thought we already knew about Fed policy and the bond market in general.ย  Specifically, the next big-picture shift will be data dependent.ย  In several ways, that narrative already began playing out in July.ย  Now August is kicking things off in the same vein with a big drop in manufacturing inflation (via ISM's "prices paid" component) this morning.ย  Bonds rallied after that ...
August Starts Strong Thanks to Weaker Econ Data During the Fed's press conference last week, Powell reiterated what we thought we already knew about Fed policy and the bond market in general.ย  Specifically, the next big-picture shift will be data dependent.ย  In several ways, that narrative already began playing out in July.ย  Now August is kicking things off in the same vein with a big drop in manufacturing inflation (via ISM's "prices paid" component) this morning.ย  Bonds rallied after that ...
Bonds Under Pressure From Rate Hike Outlook and Europe
Bonds Under Pressure From Rate Hike Outlook and Europe
Bonds Under Pressure From Rate Hike Outlook and Europe
Bonds Under Pressure From Rate Hike Outlook and Europe
News & media website News & media website | 1 year ago
In the bigger picture, longer-term yields are trading a narrow, sideways range this week with today's yields well inside yesterday's range and yesterday roughly in line with Mon/Tue's range.ย  All of the above is WELL within the range from last week. Against that backdrop, however, there's been volatility and the latest iterationย was unfriendly this morning.ย  Yields were briefly lower at the open, but moved up steadily heading into the 10am hour.ย  The losses lined up perfectly (in terms of t...
In the bigger picture, longer-term yields are trading a narrow, sideways range this week with today's yields well inside yesterday's range and yesterday roughly in line with Mon/Tue's range.ย  All of the above is WELL within the range from last week. Against that backdrop, however, there's been volatility and the latest iterationย was unfriendly this morning.ย  Yields were briefly lower at the open, but moved up steadily heading into the 10am hour.ย  The losses lined up perfectly (in terms of t...
2023 Mortgage Rate Outlook: You Wonโ€™t Believe What Could Happen
2023 Mortgage Rate Outlook: You Wonโ€™t Believe What Could Happen
2023 Mortgage Rate Outlook: You Wonโ€™t Believe What Could Happen
2023 Mortgage Rate Outlook: You Wonโ€™t Believe What Could Happen
Business & Economy Website Business & Economy W... | 1 year ago
Throughout 2022, mortgage rates have more than doubled, sending affordability and demand in the housing market down sharply. With lower demand, lower prices often follow, which is why weโ€™re in [โ€ฆ]
Throughout 2022, mortgage rates have more than doubled, sending affordability and demand in the housing market down sharply. With lower demand, lower prices often follow, which is why weโ€™re in [โ€ฆ]
Retail real estate 'under invested in' and outlook is strong, says Nuveen's Carly Tripp
Retail real estate 'under invested in' and outlook is strong, says Nuveen's Carly Tripp
Retail real estate 'under invested in' and outlook is strong, says Nuveen's Carly Tripp
Retail real estate 'under invested in' and outlook is strong, says Nuveen's Carly Tripp
Broadcast Media Production and... Broadcast Media Prod... | 1 month ago
Carly Tripp, Nuveen Real Estate Head of Investments, joins 'Closing Bell Overtime' to talk pending home sales dropping in January.
Carly Tripp, Nuveen Real Estate Head of Investments, joins 'Closing Bell Overtime' to talk pending home sales dropping in January.
Strong Start on Data-Heavy Week Thanks to UK's Retraction And ISM Data
Strong Start on Data-Heavy Week Thanks to UK's Retraction And ISM Data
Strong Start on Data-Heavy Week Thanks to UK's Retraction And ISM Data
Strong Start on Data-Heavy Week Thanks to UK's Retraction And ISM Data
News & media website News & media website | 1 year ago
Bond yields trickled sideways to slightly stronger to start the overnight session, but experienced better gains as the big news out of the UK made the rounds.ย  The news in question was/is a retraction of the budgetary announcement that was primarily responsible for the rate spike that began 2 Friday's ago (2 days after the Fed meeting).ย  More than half of that sell-off has now been retraced with US 10s starting the day trading just under the 3.71% technical level (down more than 11bps).ย  MBS ...
Bond yields trickled sideways to slightly stronger to start the overnight session, but experienced better gains as the big news out of the UK made the rounds.ย  The news in question was/is a retraction of the budgetary announcement that was primarily responsible for the rate spike that began 2 Friday's ago (2 days after the Fed meeting).ย  More than half of that sell-off has now been retraced with US 10s starting the day trading just under the 3.71% technical level (down more than 11bps).ย  MBS ...
Will hotter inflation data trigger more rate hikes?
Will hotter inflation data trigger more rate hikes?
Will hotter inflation data trigger more rate hikes?
Will hotter inflation data trigger more rate hikes?
housingwire housingwire | 1 year ago
CPI inflation came in hotter than expected and people are scared the Fed will now be more aggressive with rate hikes. Should you be worried? The post Will hotter inflation data trigger more rate hikes? appeared first on HousingWire.
CPI inflation came in hotter than expected and people are scared the Fed will now be more aggressive with rate hikes. Should you be worried? The post Will hotter inflation data trigger more rate hikes? appeared first on HousingWire.