PST News and Press, ProShares UltraShort Lehman 7-10 Year Treasury From 01/26/24

2024-01-26 20:55:00 ET Summary The dovish shift in Fed forecasts in December – with three rate cuts pencilled in for 2024 – incentivised the market to push even more aggressively in pricing cuts. However, they appear to have gone too far too fast for the Fed’s...

2024-01-26 19:13:00 ET Summary Inflation is on the cusp of hitting the 2% target. Strong spending is still driven by legacy savings. First quarter GDP growth is set to remain robust, leaving May the more likely start point for rate cuts. By James Knightley ...

2024-01-26 16:00:00 ET Summary New data from the Bureau of Economic Analysis shows that inflation has slowed significantly over the last year. Most of the inflation observed since January 2020 was due to loose monetary policy. The Fed has kept monetary policy sufficiently rest...

2024-01-25 11:07:00 ET Summary Fourth quarter 2023 GDP growth beat all expectations thanks to strong consumer and government spending plus a positive contribution from net trade. First quarter GDP growth is expected to be weaker based on business surveys, but the Fed is close to d...

2024-01-25 02:30:00 ET Summary While treasury rates, across maturities, jumped dramatically in 2022, their behavior diverged in 2023. The yield curve has been inverted for all of 2023, in all of its variations. If inflation continues its downward path, it is likely that we wil...

2024-01-25 02:18:00 ET Summary There will be a lot of firsts for the economic history books if this business cycle can survive a labor market slowdown, 525 basis points (bps) of rate hikes and an extremely inverted U.S. Treasury yield curve. But the dovish shift from the U.S. Federal ...

2024-01-25 00:10:00 ET Summary Strong growth doesn't cause inflation, and reducing inflation doesn't require a recession. Inflation is the result of an imbalance in the supply and the demand for money. Bringing down inflation requires that the Fed address this imbalance, typically...

2024-01-24 18:15:00 ET Summary Less than two weeks ago, the March 2024 FOMC meeting was widely viewed as the timeline for first cut, with the probability coming in at just about 77%. Post-Fed comments over the last few trading sessions have pushed that probability down to 46%, wit...

2024-01-24 11:46:47 ET Summary Federal Reserve continues quantitative tightening despite market conditions. Securities holdings reduced by $1,332.4 trillion since March 2022. Current securities holdings amount to $7,158.1 billion as of January 17, 2024. Regardless of...

2024-01-24 11:29:00 ET Summary Many investors remain overweight cash, but markets have begun to price for a substantial decline in short-term interest rates. The Asset Allocation Committee (“the AAC”) therefore thinks it is time to deploy liquidity, locking in bond y...