June 30, 2022 Headlines

June 30, 2022 Headlines Treasury yields fell after spending data came in lower than expected with the front-end and belly 9 to 10 bps lower. Personal spending data showed a 0.2% increase in May, half of the median forecast, and April’s number was revised lower to 0.6%...

June 29, 2022 Headlines

June 29, 2022 Headlines First quarter GDP was revised lower to -1.6% from -1.5%. The Bloomberg median forecast called Q1 GDP to remain unchanged at -1.5%. Personal consumption was cut to 1.8% from 3.1%, which would be the lowest level in seven quarters. Spending on...

June 28, 2022 Headlines

June 28, 2022 Headlines The Treasury curve is higher and steeper this morning, with the 2-year up 2 bps and the 10-year up 4 bps. News out of China that the country had eased its Covid protocols sent stocks higher. China announced that it would reduce the time spent...

June 27, 2022 Headlines

June 27, 2022 Headlines Treasury yields are 4 to 6 bps higher to start the day with the 10-year hovering around 3.19%. Durable goods orders came in higher than expected in May, +0.7% m/m vs +0.1% projected. May’s increase was broad based with orders for metals,...

June 24, 2022 Headlines

June 24, 2022 Headlines Treasury yields are modestly higher in a relatively quiet start to the day as it feels like markets taking a breather today, for now at least. James Bullard (St Louis Fed) and Mary Daly (SF Fed) are both speaking today, and the final version of...