Catalonia’s failure to disavow the region’s independence push sparked a risk off trade overnight; equities and oil fell 0.4% to 1%, while Treasuries rallied four basis points across the curve. Domestically, initial jobless claims came in better than expected, with
Catalonia’s failure to disavow the region’s independence push sparked a risk off trade overnight; equities and oil fell 0.4% to 1%, while Treasuries rallied four basis points across the curve. Domestically, initial jobless claims came in better than expected, with
Treasuries sold off overnight with a flattening bias; the long end of the curve is up 4 bps while the front end is only up 2 bps, on the back of a rally in global equity markets. Additionally, the view
Treasury prices were slightly lower overnight on below-average trading volumes, and reports that Trump had a good meeting with John Taylor regarding his potential nomination for Fed Chair is contributing to the weakness. Taylor is perceived to be one of
Treasury prices are drifting lower following better inflation data from China as well as somewhat hawkish comments from Janet Yellen late Friday afternoon. Yellen’s comments followed a disappointing September CPI report Friday morning (core prices below expectations again), and the
Treasury prices are higher this morning with the curve 2 to 3 bps higher. Headline CPI increased by 0.5% for the same reason that PPI did, Hurricane Harvey. The disruption of gas production pushed energy prices higher. Core CPI, excludes
Treasuries moved higher and the curve shifted flatter in response to the release of the FOMC minutes. September PPI came in as expected at 0.4% and the core reading, which excludes food and energy increased by 0.4%, 0.2% higher than
The Treasury curve is flattening modestly (long-end yields lower) this morning ahead of the September FOMC minutes release this afternoon.  European markets are still focused on the Spain/Catalonia standoff, and Spain’s IBEX equity index is up 1.2% on reports that
Treasury prices rallied modestly overnight amid concerns of political instability in Spain. European markets are mixed, with the FTSE 100 edging higher and the IBEX 35 significantly lower (-.98%) as investors are hoping that the Spain/Catalonia situation calms down. Asian
Treasury prices are lower across the curve following the release of the September jobs report, with the 10-year note yield approaching 2.40% for the first time since early July.  Most Asian equity markets posted modest gains overnight, but European markets
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