DTUS News and Press, Barclays Bank PLC ZC SP REDEEM 13/08/2020 USD 50 - Ser A 06740L519 From 06/27/19

On Wednesday, Goldman slashed their G10 yield forecasts for 2019 and the revisions were pretty dramatic . For instance, the bank now sees 10-year German yields at -0.55% by year-end and 10-year JGB yields at -0.30%. The bank's outlook is well below market forwards. To a certain extent, ...

By Kevin Flanagan, Head of Fixed Income Strategy After a Federal Reserve (Fed) meeting like the one last week, it's always prudent to take a step back and let the dust settle, don't you think? Certainly, a great deal of "post-game" analysis has already occurred, and we have even seen eco...

Last week, for the first time since February 2008, the LIBOR curve inverted. The 3-month tenor has been on the move downward for some time. The 1-month rate has been gentler in its slope. Last Thursday, the two finally crossed. As unnatural as inversion in the UST curve or elsewhere, it's an...

By Ryan McMaken Money supply growth inched up in May, rising slightly above March's and April's growth levels. But overall growth levels remain quite low compared to growth rates experienced from 2009 to 2016. March's growth rate, for examples, was at a 12-year (145-month) low. In May,...

Housing Starts Housing starts rose in May to an annual rate of 1.269 million, which was better than expected, with upward revisions to the prior two months that totaled 77,000. The strength is in multi-family units, which were up 13.7% year over year. Single-family home building starts wer...

Editor's note: Originally published at tsi-blog.com on June 25, 2019. [This post is a slightly modified excerpt from a TSI commentary published about two weeks ago.] The way that most new money was created over the past 10 years was different to how it was created during earlier cycl...

It's difficult a lot of times to easily and succinctly describe what's going on inside a monetary system that: 1. Spans the entire world, easily jumping across if not erasing geographical boundaries. 2. Is located in the shadows, leaving us with no direct data or statistics. 3. Often works in ...

The big news last week was the Federal Open Market Committee (FOMC) statement on Wednesday, which removed the word "patient" and set the Fed up for potential 0.25% key interest rate cuts at its July and/or September FOMC meetings. Interestingly, the FOMC statement also acknowledged that there ...

By Joseph V. Amato, President and Chief Investment Officer - Equities They may discourage the fiscal reform and corporate investment that the economy needs. Who doesn't love a good stock market rally? We certainly do, but the key question we are asking ourselves is whether lower intere...

This expansion has run for 120 months from the 2009 trough, a tie for the longest expansion with 1991 – 2001 (see the NBER’s data since 1854 . The Fed’s GDPNow algorithm estimates Q2 GDP at a still-healthy 2.0% SAAR. All expansions end in recessions. When will that happ...