BOND INVESTORS TURN BEARISH on longer-dated U.S. government debt following the release of asound June payroll report and reducing bets the Fed will cut interest rates this month. Analysts say a prolonged inverted yield curve is a predictor of a recession and has foreshadowed the last nine recessions. “It has to stay there for a couple of months before you start to worry. One month or so, we wouldn’t consider it a lengthy period of time,” said Falconio. “We believe it’s an indicator of a long-term recession, however, it isn’t signaling a recession any time soon.” The spread between the two and ten-year notes narrowed to 14.2 basis points, the closest since May 31st. The 10-year note advanced 0.8 basis points. S&P +0.12%, DOW -0.08, NASDAQ +0.54%
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BOND INVESTORS TURN BEARISH
on longer-dated U.S. government debt following the release of a
sound June payroll report
and reducing bets the Fed will cut interest rates this month. Analysts say a prolonged
inverted yield curve is a predictor of a recession
and has foreshadowed the last nine recessions.
“It has to stay there for a couple of months before you start to worry. One month or so, we wouldn’t consider it a lengthy period of time,” said Falconio. “
We believe it’s an indicator of a long-term recession, however, it isn’t signaling a recession any time soon.”
The spread between the two and ten-year notes narrowed to 14.2 basis points, the closest since May 31st.
The 10-year note advanced 0.8 basis points
. S&P
+0.12%,
DOW -0.08,
NASDAQ
+0.54%
Read More
Topics:
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
New Issues,
News,
Syndicated Bonds,
syndicated,
research,
market update
U.S. STOCKS FELL TODAY, but all three major indices remain near record highs. Despite news of above-expected job growth in June, many investors anticipate an interest-rate cut at the end of the month, driving stock prices up. 10-Year Treasury yields fell 1.5 basis points as global investors continue to move into U.S. Government Bonds. S&P -0.48%, DOW -0.43%, NASDAQ -0.78%
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Topics:
High Yield,
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
New Issues,
Finance,
Fixed Income,
News,
Syndicated Bonds,
syndicated,
research,
market update
U.S. STOCKS FELL TODAY, but all three major indices
remain near record highs. Despite news of above-expected job growth in June, many investors anticipate an interest-rate cut at the end of the month
, driving stock prices up. 10-Year Treasury yields
fell 1.5 basis points
as global investors continue to move into U.S. Government Bonds.
S&P -0.48%,
DOW -0.43%,
NASDAQ -0.78%.
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Topics:
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
New Issues,
News,
Syndicated Bonds,
syndicated,
research,
market update
THE U.S. ADDED 224,000 JOBS in June according the Department of Labor, surpassing the expected gain of 170,000. News of the report has eased economic worry and will likely affect the Federal Reserve’s decision to lower interest rates this month. As of now, some analysts predict a cut will happen later this year while others maintain there will be a 25-basis point cut at the end of the month. S&P -0.18%, DOW -0.16%, NASDAQ -0.10%.
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Topics:
High Yield,
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
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Finance,
Fixed Income,
News,
Syndicated Bonds,
syndicated,
research,
market update
THE U.S. ADDED 224,000 JOBS
in June according the
Department of Labor, surpassing the
expected gain of 170,000. News of the report has
eased economic worry
and will likely affect the Federal Reserve’s decision
to lower interest rates this month. As of now, some analysts predict a
cut will happen later
this year
while others maintain there will be a
25-basis point cut at the end of the month.
S&P -0.18%,
DOW -0.16%,
NASDAQ
-0.10%
Read More
Topics:
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
New Issues,
News,
Syndicated Bonds,
syndicated,
research,
market update
SAFE-HAVEN ASSETS ROSE against junk bonds in net prices linked to actual trades once again driving the 10-year note below 2 percent. Gold rallies Tuesday following its sharpest daily drop in more than a year “as global slowdown worries are growing” among the markets. Investors anxiously await payroll figures to be released on Friday after the Independence Day on Thursday to decide on their risk appetite. The 10-year note sank 4.8 basis points. S&P +0.29%, DOW +0.26, NASDAQ +0.22%.
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Topics:
High Yield,
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
New Issues,
Finance,
Fixed Income,
News,
Syndicated Bonds,
syndicated,
research,
market update
SAFE-HAVEN ASSETS ROSE against junk bonds in net prices linked to actual trades once again driving the
10-year note
below 2 percent.
Gold rallies
Tuesday following its
sharpest daily drop
in more than a year
“as global slowdown worries are growing”
among the markets. Investors
anxiously
await payroll figures
to be released on Friday
after Independence Day on Thursday
to decide on their risk appetite.
The 10-year note sank 4.8 basis points
. S&P
+0.29%,
DOW +0.26,
NASDAQ
+0.22%
Read More
Topics:
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
New Issues,
News,
Syndicated Bonds,
syndicated,
research,
market update
MANUFACTURING ACTIVITY DECLINES IN JUNE to nearly a three year low indicating the trade spat with China is impacting factory output. The gauge of activity slipped to 51.7 from 52.1 marking the third straight month of deteriorating data. Senior money market economist Thomas Simmons at Jefferies mentioned, “If the White House is able to forge a solid trade deal with China, both investment spending and manufacturing activity will again improve.” The 10-year note advanced 2.0 basis points. S&P +0.77%, DOW +0.44, NASDAQ +1.06%
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Topics:
High Yield,
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
New Issues,
Finance,
Fixed Income,
News,
Syndicated Bonds,
syndicated,
research,
market update
MANUFACTURING ACTIVITY DECLINES IN JUNE to nearly a three year low indicating the trade spat with China is
impacting factory output. The gauge of
activity slipped to 51.7 from 52.1
marking the third straight month of deteriorating data. Senior money market economist Thomas Simmons at Jefferies mentioned,
“If the White House is able to forge a solid trade deal with China, both investment spending and manufacturing activity will again improve.”
The 10-year note advanced 2.0 basis points
. S&P
+0.77%,
DOW +0.44,
NASDAQ
+1.06%
Read More
Topics:
Investment Grade,
Loans,
Analytics,
bonds,
junk bonds,
bond market,
market analytics,
New Issues,
News,
Syndicated Bonds,
syndicated,
research,
market update
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