|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||83.66 - 83.71|
|52 Week Range||83.66 - 84.72|
|PE Ratio (TTM)||96.44|
|Expense Ratio (net)||0.15%|
Are We Heading toward a Government Shutdown? The debt ceiling is a limit set by US Congress on how much debt the US federal government can carry at any given time. The first known creation of debt ceiling dates to 1917, when the US Treasury Department was allowed to issue bonds to fund expenses during World War I. In 1974, through the Budget Control Act, the current budget process came into effect.
The key reason for the bond market sell-off was the fear that inflation is set to increase in the months ahead. According to data reported on January 12, the consumer price index (or CPI) rose 0.1%, bringing the year-over-year inflation figure to 2.1%. This rise in inflation could keep rate hike expectations elevated, leading to higher yields and lower bond prices.
The troubles surrounding a flattening yield curve extended into the new year with the spread between the US ten-year and two-year Treasuries narrowing to a level last seen before the financial crisis of 2008. A flattening yield curve, if progress could lead to a yield curve inversion, could be a signal for a future recession. The reason for the yields falling lower was the lower level of inflation expectations.
The Conference Board LCI (Leading Credit Index), a constituent in the LEI (Leading Economic Index), is published every month and tracks credit conditions in the US economy by following changes in…
The US FOMC December meeting minutes and the December employment data are key economic data releases that could impact markets this week.
Besides the slump of the US dollar during 2017, the other most important and most talked-about indicator is the US interest rate.
All four precious metals had an up day on December 20, 2017. Gold increased 0.43% on the day and closed at $1,267.80 per ounce.
Precious metals and miners saw some relief on December 13 after the Fed raised rates as expected. Sibanye Gold (SBGL), Aurico Gold (AUQ), and Goldcorp (GG) rose 3.5%, 3.6%, and 5.8%, respectively.
Gold, silver, and platinum all had a down day on Tuesday, December 13, mainly due to speculations over the Federal Reserve's pending interest rate decision.
Gross believes that in return for cost of carry, if investors get risk-adjusted returns that will be unfruitful compared to the benchmark, they could shift their holdings to other asset classes.
Although the US dollar has been the most important element contributing to changes in precious metals, the upcoming December meeting of the Federal Reserve has taken all of investors' attention.
There are multiple factors that can affect the shape of yield curves. Bonds (BND) with different maturities react differently to changes in economic conditions and expectations. For example, when the US ...
St. Louis Fed president and CEO James Bullard gave a presentation at a regional economic briefing on December 1. Throughout this series, we'll analyze Bullard’s take on the risks of an inverted yield curve....
Precious metal market participants will be closely watching the economic numbers that come out of the US, especially those that give an indication of the country's inflation level.
Market participants were eyeing the Fed's meeting minutes that came out on Wednesday, November 22, 2017. Precious metals have a negative relationship to interest rates.
The November Conference Board LEI reported the average consumer expectations for business conditions for October at 0.96, a sharp increase from the September reading of 0.43.