ITE News and Press, SPDR Bloomberg Barclays Intermediate Term Treasury From 08/20/19

By Jeffrey Kleintop Putting an end to any hopes for a return to "normal" interest rates, central banks are increasingly cutting interest rates this year, as you can see in the chart below. Central banks increasingly shift to cutting interest rates *August 2019 data only through 19th ...

On 14 August, the yield spread between two-year and 10-year U.S. Treasury bonds moved below zero for the first time since February 2006. Though it has since widened back to positive territory, the move was significant because such "inversions" of the yield curve - in which short-maturity yield...

One could start off much the same as if trying to channel Dickens' historical opening "It was the best of times, it was the worst of times." from "A Tale of Two Cities." For depending on where you reside in the world of investing, things are either fantastic or downright earth-shattering. Th...

At a shopping mall recently, we observed an interesting deal at Sketchers ([[SKX]]). If you buy two pairs of shoes, the second is 30% off. Sketchers has long offered deals like this (sometimes 50% off). This is a sign of deflation. Regular readers know to wait for the punchline. Manufactur...

Reading the headlines this week around the 800 point drop in the Dow, which was the largest point drop ever in one day, but - I think the source was Charlie Bilello at Pension Partners - who noted that in percentage terms - the same day was the 388th largest percentage decline for the Dow. S...

Over the past ten years, the full extent of the current economic recovery, the United States economy grew at a modest 2.2 percent compound rate of growth. No one has been particularly happy about this rate of growth, especially the politicians. But, the growth rate is what it is. The basic...

The Desperate Hunt for Yield Börse Berlin That chart is the first of Austria’s two century bonds. You know, lending money to the Republic of Austria at 2.1% for 100 years. No biggie. Everyone laughed. Would your grandchildren even see it mature? Tra-la-la. Who’s la...

Thus grew the tale of Wonderland: Thus slowly, one by one, Its quaint events were hammered out… - Wonderland Well, we are in a land of "quaint events" alright. Something that was once thought impossible has actually happened and it is causing havoc, and confusion, in the markets...

The economic calendar is very light with reports on only three days. Existing and new home sales reports could be interesting and there are many fans of the leading economic indicators. The combination of empty airtime and some Fed news is like an aphrodisiac to the pundits, all of whom are se...

Core inflation has recovered a bit in the last two months, but we remain in the context of relatively low non-shelter inflation and high shelter inflation, averaging out to roughly on-target total core inflation. I will probably continue to do these updates for a while, but I suspect the con...