UBT News and Press, ProShares Ultra 20+ Year Treasury From 07/26/23

2023-07-26 21:20:00 ET Summary As expected, the Federal Open Market Committee raised its target for the federal funds rate. The new range is 5.25-5.50 percent. The Federal Reserve’s continued efforts to bring down inflation are commendable. But there are real risks that it&...

2023-07-26 19:55:00 ET Summary The Fed unanimously hiked its policy interest rate range 25bp as widely expected with the statement retaining the phrasing that further policy firming “may be appropriate”. With two months’ worth of data to come before the next F...

2023-07-26 13:08:00 ET Summary For those who pay attention to risk/reward dynamics, the prospective compensation for equity risk over Treasury bonds is today the lowest since the market peak in 2007-08. US Conference Board Leading Economic Indicator (LEI below in red since 1967) c...

2023-07-26 04:30:00 ET Summary I expect the Federal Reserve to raise rates one more time this week before finally ending this long and grueling rake hike cycle. Many expect the Bank of Japan to alter its yield curve control policy, but I’m skeptical that it will happen at t...

2023-07-25 22:15:00 ET Summary The Fed is meeting on July 24–25, and it will not yet have received the first estimate of Q2 2023 growth, which comes out on July 26, the day after the meeting is concluded. The Committee’s PCE preferred measure stood at 3.8% on a downw...

2023-07-25 21:10:00 ET Summary The June M2 number was released today and it was unremarkable. ear over year M2 growth is running at about a -4% rate, while M2 has been relatively flat over the past three months. It continues to amaze me that only a handful of Fed watchers pay ...

2023-07-25 05:30:00 ET Summary The predictive power of the yield curve is a widely accepted causal narrative, but history shows that the causal correlation between long and short rates is actually quite weak. While long and short rates tend to move in the same direction, they do s...

2023-07-25 03:29:00 ET Summary Economic resilience has continued through the first half of 2023, primarily driven by strong household balance sheets, strong wage growth. The leading indicators of coincident and lagging economic data suggest we should see hard data points like indu...

2023-07-25 00:52:00 ET Summary Why markets may continue to rally but at a slower pace. The U.S. economy continues to send mixed signals to investors. Why we may be in an earnings recession. Equity markets have performed better than expected so far this year. But ca...

2023-07-24 23:27:00 ET Summary After dropping over 2% last week, the US Dollar rebounded some to take it back above its Bollinger band. As for the 10-year Treasury yield, its uptrend remains on track, both in the short and intermediate term, this following last week’s close...