Rates and equity futures are grinding higher this morning on expectations that the Fed will keep its key policy rate unchanged at 2.25-2.50% on Wednesday. Close attention will be paid to economic forecasts and monetary policy guidance regarding the continued wind-down…
The markets did an about-face last week, capping the week with a RISK-OFF sentiment. All three major U.S. stock indices closed in the red, dropping more than 2% over the five-day period. Increased volatility prompted gyrations in Treasury yields, with…
Optimism regarding the prospect of a Sino-U.S. trade resolution coupled with better-than-expected Chinese manufacturing data overshadowed lackluster domestic data towards the end of last week. The “RISK-ON” sentiment fueled Treasury yields, equity prices, and the USD higher. Treasury yields moved up…
Treasury yields opened higher this morning, with the 10-year trading around 2.669%. Conversely, equity futures opened lower, with S&P futures down nearly 0.3% as the World Trade Organization released a quarterly trade indicator earlier this morning, which reflected a reading…
Renewed fears regarding Sino-U.S. trade tensions took center stage late last week as President Trump noted that he did not plan to meet with Chinese President Xi before the March 1st trade deadline between the two countries. U.S. officials, however,…
Trade headlines remain the primary focus with Sunday’s announcement from President Trump that the U.S. would delay raising tariffs on China to 25% due to “substantial progress” on “important structural issues”. Officials from both sides last week, noted progress on…
10-year U.S.Treasury yields opening higher 8/10th of a basis point to 2.736%, extending Friday’s gains. Overnight, equities remain steady ahead of the open as many Asian markets are closed this week for the Lunar New Year holiday. Investors will continue…
While we do not expect the Fed to hike interest rates at their two-day meeting beginning Tuesday, close attention will be paid to the post-FOMC meeting statement on Wednesday. Mention of the partial government shutdown and its impact on the…
Disappointing global economic data coupled with key data releases unavailable domestically due to the partial U.S. government shutdown, now at day 32, hovered over the markets last week. Nonetheless, the stock market rallied on the back of better-than-expected corporate earnings,…
Cautious sentiments emanated from Federal Reserve officials last week, with the latest FOMC minutes also reflecting a more wary tone on the backdrop of a slowing global economy, particularly in China and trade concerns. Three of the four new voting members…
