124.57 -0.74 (-0.59%)
Pre-Market: 7:25AM EDT
|Bid||124.45 x 300|
|Ask||124.48 x 300|
|Day's Range||125.27 - 126.01|
|52 Week Range||116.49 - 133.72|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.15%|
Treasury prices got a lift today from investors searching for safety amid global worries. Spain’s decision to take greater control of Catalonia in the wake of the region’s push for independence, and comments from China’s central bank governor Zhou Xiaochuan, spurred a flight to quality that was largely sustained this morning even as stronger economic news was released. The iShares Barclays 20+ Year Treasury Bond ETF (TLT) has risen 0.6% to $125.84.
The hurricanes that walloped Houston, Florida and Puerto Rico haven’t led to a burst of rebuilding — just yet, as government data released this morning shows. Housing starts slid 4.7% to a 1.127 million unit rate from a 1.183 million rate in August, the U.S Census Bureau and the U.S. Department of Housing and Urban Development reported this morning. Building permits fell 4.5% to 1.215 million unit rate instead an expected 3% drop to 1.238.
US bond markets (BND) saw some recovery last week. Overheated expectations for a December rate hike cooled off after the FOMC meeting minutes were reported.
In highlights from this week's trading diary and posts, Kass discusses going shorter on financials and discusses his takeaways and observations.
Investors have poured more than $100 billion into bonds this year. Fixed income experts believe a turnaround could be at hand.
BofA Merrill Lynch's Hans Mikkelsen and team have the details: Inflows to US bond funds and ETFs moderated to $3.44bn this past week (ending on October 11) from a high $7.25 inflow a week earlier. Inflows to stocks, on the other hand, accelerated from $0.27bn to $5.46bn - the highest weekly inflow since June.
Readings on inflation and retail sales were both expected to be strong on Friday and they both disappointed. Headline retail sales growth was up 1.6% month-over-month when 1.9% growth was expected. The Consumer Price Index (CPI) was up 0.5% in September, higher than the 0.4% growth of last month, but less than the 0.6% economists were expecting.
Bond traders have few reasons to be happy this week. Chances for tax reforms continue to increase with the US Senate moving on a path that would mean only 51 votes could be required to pass the bill.
The US Dollar Index regained strength in September and rose for four consecutive trading weeks. However, the US Dollar Index opened lower this week.
On the positive side, the unemployment rate fell to 4.2% from 4.4% and wages jumped 0.5% month-over month in September. Economists expected unemployment to stay at 4.4% and wages to grow 0.3%. "Some of the September wage gains may have been from businesses paying-up for workers to assist with clean-up and reconstruction," notes Thomas Byrne of Wealth Strategies & Management.
Hurricane Irma, the higher possibility of another rate hike in 2017, and now proposed lower income tax rates have posed a triple threat to the utility sector (VPU). Although utility stocks have fallen…...
All investor’s know the old saw about not fighting the Fed. Now, it seems investors are not sure what to do following the central bank’s decision to gradually stop buying bonds and end historic efforts ...
Bond funds have attraced $1 billion a day in 2017, making the 2010s bond bubble is bigger than the 90s equity bubble U.S. households bought $8.9 trillion worth of bonds since 2008, against just $5.4 trillion in equity during the internet bubble.
Treasury yields reached a nearly three-month high for this year over the weekend, but were reversing Monday morning after a series of worrisome headlines. At 9:50 a.m. ET, the yield on the 10-year Treasury ...
In general, tax cuts are considered positive. Lower corporate and individual taxes boost consumers’ spending power, which increases the demand for goods. This demand results in higher economic growth and…...
We've been hearing a lot of warnings from Fed officials about frothy markets and for good reason. Easy borrowing conditions and low rates have led us to record highs in stocks. While the Fed looks dead set on raising rates, it could be setting itself up for a tricky situation, one that has historically led to recession. Yahoo Finance's Justine Underhill has more at the charts.