DTYS News and Press, Barclays Bank PLC ZC SP REDEEM 13/08/2020 USD 50 - Ser A 06740L451 From 06/25/19

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...

If you have nothing left, it can sound like a winning argument, but you have to really try hard enough. In October 2015, with another false dawn dawning on the public, former Federal Reserve Chairman Ben Bernanke wrote and op-ed published in the Wall Street Journal . As had become his habit...

By Jason England and Nick Maroutsos Co-Head of Global Bonds Nick Maroutsos and Portfolio Manager Jason England explain why the Federal Reserve was correct in not cutting rates Wednesday and which factors may justify a move lower in July. Nick Maroutsos: Jason and I are here to tal...

The 10-year Treasury rate has fallen below 2.0% for the first time since November 2016, blowing through the bearish reasons to "short" bonds at the last "blow-off" top. As I have outlined in many of my past research notes, the driving factors behind US Treasury rates are credit risk, ...

In order for rate cuts to be insurance for a boom to continue, there first has to be a boom able to be continued. The FOMC meeting yesterday didn't directly kill the idea, but that's actually what's coming up in the latest projections. This is why there's been so much attention focused on in...