GBIL News and Press, Goldman Sachs Access Treasury 0-1 Year From 06/29/24

2024-06-29 03:10:00 ET Summary The Federal Reserve’s favoured measure of inflation came in at just 0.1% MoM, offering hope that the first quarter “hot” prints are firmly in the rear-view mirror. US consumer spending is also slowing, with first quarter growth s...

2024-06-28 05:40:00 ET Summary Today, the economy is once again functioning normally, growing at about a 2% pace. The big inflation episode is essentially over, but the Fed is once again slow to figure this out, and thus reluctant to lower interest rates. Currency is a good pr...

2024-06-28 03:40:00 ET Summary Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are, regardless of what the Fed is doing with interest rates. Money Supply should dip some heading into the summer before rebounding later in the...

2024-06-28 00:45:00 ET Summary During the second quarter of 2024, the Treasury market experienced heightened volatility as market participants tried to predict when the Federal Reserve would start cutting interest rates. The 10-year Treasury yield fluctuated between a high of 4.70...

2024-06-26 09:25:00 ET Summary Rates won’t come down as quickly as some had hoped, according to our CIO, William Davies, but further gains for equities are still possible this year. Heading into the second half of the year, we’re likely to see further divergence in c...

2024-06-26 02:20:00 ET Summary Growth peaked on a quarter over quarter seasonally adjusted annual rate in Q3 last year at 4.9%. One area of uncertainty is the spend rate for the IRA and CHIPs Act. While we believe the current administration will keep spending high through the elec...

2024-06-25 15:00:00 ET Summary The economy clearly has slowed since the fourth quarter of 2023. Real GDP growth was only 1.3% in the first quarter of 2024, down from 3.4% in Q4 2023. Despite the slowing economy and lack of signs of a recession, the inflation story has clearly turn...

2024-06-25 14:50:00 ET Summary The US 10-2yr Treasury yield curve has been inverted (two-year yields higher than ten-year) for 23 months since July 2022. An inversion in this spread has preceded the onset of every recession in the last 50 years by an average of 10 months. Mark...

2024-06-25 02:40:00 ET Summary The big news last week was that the Commerce Department reported that retail sales rose by only 0.1% in May, below the analysts’ consensus estimate of 0.3%. Like the G7 conference in Italy, the recent Ukrainian peace conference in Switzerland ...

2024-06-24 10:16:00 ET Summary The economic environment was unchanged last week, as the 10-year rate and the dollar both rose slightly. Large cap growth stocks and commodities continue to lead on the YTD basis with intermediate-term Treasuries flat, while small-cap stocks and REIT...