PST News and Press, ProShares UltraShort Lehman 7-10 Year Treasury From 02/01/24

2024-02-01 14:52:00 ET Summary How does the outperforming US economy play into the Fed's strategy? What is the bond market telling us about when rate cuts may start? How many rate cuts do you see in 2024? The Federal Reserve held its key interest rate steady for a fo...

2024-02-01 10:30:00 ET Summary The Fed has kept rates steady for its past three meetings, and Wednesday followed that trend. In my view, the Fed announcement is attempting to keep a lid on easing financial conditions while admitting that progress has been made on disinflation. ...

2024-01-31 20:44:00 ET Summary The Federal Reserve has left monetary policy unchanged and while it removed its tightening bias, it doesn’t seem to be in a hurry to cut interest rates. We still think May is the more likely start point for policy easing rather than March, eve...

2024-01-31 19:40:00 ET Summary Once again, the Fed did what was widely expected and kept the Fed Funds target unchanged at the January FOMC meeting. As a result, the trading range remains at 5.25%-5.50%, still at a more than 20-year high watermark. The money and bond markets h...

2024-01-31 18:20:00 ET Summary Employment costs are cooling broadly despite the tight jobs market. Cooling labour cost environment offers the Fed the room to cut interest rates meaningfully to neutral levels. Employment costs rose 0.9% quarter-on-quarter in 4Q versus 1.1% in 3...

2024-01-31 10:30:00 ET Summary The core Personal Consumption Expenditures price index fell to its lowest level since March 2021. Euro area business optimism about the coming year improved for a fourth consecutive month in January. Last week brought several announcements from r...

2024-01-31 02:00:00 ET Summary If the Fed does happen to break something and the economy grinds to a halt, it can respond very quickly. We believe growth of 2.5% is very doable in the 2020s. Healthcare companies are fast becoming data companies. In their first walk o...

2024-01-30 11:35:00 ET Summary The US 10-2-year Treasury yield spread has moved from a deep inversion at 108 bps last July to -14 bps as of January 25, 2024. Re-steepening of the yield curve has historically coincided with rising unemployment claims. For stocks, corporate debt...

2024-01-30 09:22:00 ET Summary Interest rates in most parts of the world appear to be stabilizing as we enter 2024, as inflation trends continue to decline from the high levels seen in the summer of 2022. The Federal Reserve remains laser-focused on inflation and suggested there m...

2024-01-30 03:20:00 ET Summary In my opinion, the border and the US labor force are paramount political issues in 2024. The current longevity and depth of the yield curve inversion is not atypical of the inversions that have preceded all recessions in the post-war period. The ...