June 4, 2019 Bonds Giving Some Back by Lester Murray
As equity markets recover some of their recently lost ground, Treasuries are retrenching a bit. Jerome Powell is giving a speech today in Chicago and an early release of his text reveals his openness to making policy changes if circumstances warrant. Wow! That IS breaking news! In other news, April Factory Orders just came out and they declined by 0.8% which is actually a shade more positive than the expected 1% drop. Durable Goods Orders didn't fare as well with a decline in April of 2.1%. The latest curve news has a 22 basis point negative slope between 90 days and 10 years, about what it looked like late yesterday.
Posted on Tue, June 4, 2019
by Lester Murray