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Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance Yields on one-month T-bills are about the highest since at least 2001 on debt-ceiling concerns: pic.twitter.com/Vc02k8xnE0 — Lisa Abramowicz (@lisaabramowicz1) May 16, 2023 At this pace... Read More →

Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance We have a 4-handle…Apr CPI was slightly cooler than expectations at 4.9% y/y vs. 5.0% est. Important piece is that Core Services ex-Shelter ("Supercore") was responsible... Read More →

Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance US economy is losing steam: The US GDP grew 1.1% in Q1 2023 ann, slower than the expected 1.9% & slower than previous quarter (2.6%). The... Read More →

Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance * 8th negative month in a row* negative last 10 of 11* lowest since May 2020#phillyfed https://t.co/b6sO4WjxjW — Carl Quintanilla 🔥 (@carlquintanilla) April 20, 2023 The... Read More →

Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance Jobless claims rose by 228K last week, but the big news is the upward revision to the previous week’s numbers by 48K and an upward revision... Read More →

Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance On a year/year basis, both headline and core #PCE continue to trend lower. pic.twitter.com/HsklzfhMlJ — Kathy Jones (@KathyJones) March 31, 2023 Core PCE inflation in February... Read More →

Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance The Fed raised rates 25 bps The decision was unanimous The terminal rate projection is unchanged at 5.1% FOMC statement modifies guidance: “The committee anticipates that... Read More →

Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance The US 2Y treasury posted a 3-SIGMA MOVE, EACH DAY, SEVERAL TIMES IN A ROW. Statistical odds: Once every 50+ million years. This week's volatility predates... Read More →

Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance Look at that policy path repricing! From the gray bars at the beginning of last week to the blue bars today (now a sub<5% terminal rate... Read More →

Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance US 2y yields jump to almost 5% following hawkish Powell speech. Says ultimate rate peak likely to be higher than expected. pic.twitter.com/syiU86ZV3R — Holger Zschaepitz (@Schuldensuehner)... Read More →