PST News and Press, ProShares UltraShort Lehman 7-10 Year Treasury From 02/07/24

2024-02-07 03:18:00 ET Summary The recent congressional continuing resolutions have slightly dampened the extremes, but most of the extraordinary spread is still in the marketplace. In my opinion, the benefit of higher interest rates flows to the buyer of a tax-free municipal bond...

2024-02-07 00:08:00 ET Summary The decline in bond yields and policy rate expectations that closed 2023 underwent a sharp reversal, but that failed to dampen sentiment in equity markets. The pullback in Fed rate-cut expectations was amplified by Fed Chairman Jerome Powell’s...

2024-02-06 12:30:00 ET Summary The International Monetary Fund (IMF) upwardly revised its 2024 global growth forecast to 3.1% from 2.9%, largely because of a more resilient US economy and policy stimulus in China. New York Community Bank surprised markets by slashing its dividend ...

2024-02-06 12:01:00 ET Summary In the spring of 2023, the bond market rallied sharply, effectively forecasting a rate cut by the Federal Reserve. Strong economic news for fourth quarter GDP and January payrolls added to the view that growth remains resilient, and so rate cuts can ...

2024-02-06 10:45:00 ET Summary The FOMC weighed all the economic data and decided to make it clear they would most likely not cut interest rates in March. The Fed’s favorite inflation indicator, the core Personal Consumption Expenditure rate, has been under the Fed’s...

2024-02-06 09:12:00 ET Summary There were 5 Bank failures in 2023 with $548B in assets according to the FDIC – two of which sent the S&P to the lows for the year in March. China was expected to add to post-COVID reopening growth; however, the government cracked down on ...

2024-02-06 08:03:00 ET Summary US banks continue to tighten lending standards and expect loan quality to deteriorate with write-offs anticipated to rise through 2024. At the same time, loan demand continues to weaken. The economy performed very strongly through the second half...

2024-02-06 07:05:00 ET Summary The US economy is ok - credit spreads are still quite low, liquidity is still abundant, the dollar is still strong, inflation is still declining, and there are only a few indicators that suggest caution. Owning short-term risk-free assets today has b...

2024-02-06 00:20:00 ET Summary Bond yields didn't move all that much but what move there was, was down. People sold stocks and bought bonds because the odds of a rate cut in March fell during the press conference. The Fed doesn't know if inflation has peaked or whether this is...

2024-02-05 22:35:00 ET Summary It is normal to see huge swings in bonds and stocks on a day when the Fed Chairman releases his FOMC statement and holds a press conference. What is far from normal, however – although we have seen it occasionally – is to see a sharp se...