by Jason Haley | Jun 30, 2022 | Beyond the 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%... by Jason Haley | Jun 29, 2022 | Beyond the 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... by Jason Haley | Jun 28, 2022 | Beyond the 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... by Jason Haley | Jun 27, 2022 | Beyond the 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,... by Jason Haley | Jun 24, 2022 | Beyond the 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...