May 13, 2021 Headlines

May 13, 2021 Headlines Yield buyers emerged overnight following yesterday’s CPI-driven sell-off in Treasuries. Equity markets are also looking to rebound from this week’s declines which have sent the S&P 500 down nearly 4% and NASDAQ down more than 5%. Yesterday’s...

May 12, 2021 Headlines

May 12, 2021 Headlines Inflation was higher than expected in April, hitting its highest level since 2009. This morning’s CPI release showed headline inflation up 0.8% last month versus 0.2% expected. Core CPI, excludes food and energy, was up 0.9% versus 0.3%...

May 11, 2021 Headlines

May 11, 2021 Headlines A global sell-off in technology stocks is being attributed to inflation worries this morning, sending NASDAQ futures down close to 2% ahead of the open. The risk-off tone has not impacted Treasuries so far, with yields slightly higher across the...

May 10, 2021 Headlines

May 10, 2021 Headlines U.S. equity futures and Treasuries are little changed to start the morning as market participants attempt to digest the impact of the Colonial pipeline hack. The critical fuel pipeline remains mostly shutdown from Friday’s cyber-attack, and as a...

May 7, 2021 Headlines

May 7, 2021 Headlines Long-end Treasury yields are much lower this morning following a weaker than expected jobs number. The 10-year fell 10 bps after April non-farm payrolls showed an increase of only 266,000. The 10-year has since retreated slightly and is currently...