TYBS News and Press, Direxion Daily 20+ Year Treasury Bear 1X Shares Direxion Shares ETF Trust From 11/17/19

Simpler is often better when discussing topics like fractional reserve banking, so let's keep it simple. Investors put money into a bank. If it is a savings account or a CD, the bank pays those investors interest in exchange for the use of that money. Most checking accounts receive no interest...

October's consumer inflation reading came in at a surprisingly high +0.4%, which as shown in red in the graph below, was one of the 3 highest in the past two years. Meanwhile, average hourly earnings increased less than +0.2% - the second-lowest reading in the past two years, shown in blue: ...

"You've always had the power to go back to Kansas." - the Good Witch of the East, to Dorothy, in The Wizard of Oz . (This is the conclusion of a two-part essay. For Part 1 click here .) Equipped with some historical background, we can now consider ways in which the Fed might ge...

The U.S. Treasury on Thursday will auction $12 billion in a reopening of CUSIP 9128287D6 , creating a 9-year, 8-month Treasury Inflation-Protected Security. This TIPS was created in an originating auction on July 18, with a real yield to maturity (at that time) of 0.282% and a resulting cou...

Russ explains why monetary easing matters more than geopolitical risks for the markets right now. Absent a year-end meltdown, stocks will have enjoyed a stellar year. That stocks would post +20% gains was not obvious back in January when investors were preparing for some combination of a r...

The FOMC should forget about r* for the moment and focus on... the supermassive black hole at the center of global dollar funding markets." - Zoltan Poszar, 21 August 2019. A few weeks ago, as part of its effort to prevent overnight rates from rising above the Fed's target range, and esp...

By Kevin Flanagan What a difference a month makes in bond-land. Just when investors thought U.S. Treasury ((UST)) yields were on the verge of moving even lower - BAM! - a rather visible sell-off ensued. In the process, one could be left wondering what happened to create such a shift in sen...

Enough has happened in credit markets that I figured it was time to update charts. The long end of the curve has moved up a bit, which has led to some expressions of relief. I'm not sure we're totally out of the weeds. The entire curve has moved up from its lows by about 1/2%. That's mildly ...

Henry Curr is the economics editor for The Economist magazine, and the author of a special report by the magazine on the phenomenon of low inflation now facing the global economy. Henry joins Macro Musings today to outline this report and the big questions surrounding low inflation. Dav...

The recent rise in Treasury yields has largely been a rising breakeven inflation story. Admittedly, it was not a large move, but the 10-year breakeven appears to have bounced off the 1.5% level. (The 10-year breakeven inflation rate is the nominal Treasury yield less the quoted yield on the ...