<Click on graphic for larger image> The Economist – Unhappy birthday: Explaining euro-zone market jitters Widening bond spreads in France owe more to central-bank policy than to political risk IT was not an ideal way to mark a silver jubilee. The 25th anniversary of the signing of the Maastricht treaty, which gave life to the… Continue reading Rates Rising In Europe
<Click on chart for larger image> Market Watch – Bitcoin price crashes as Chinese exchanges suspend withdrawals Bitcoin prices plunged on Thursday after two of the largest Chinese digital currency exchanges said they would temporarily suspend customer withdrawals of bitcoin and litecoin. OkCoin and Huobi said early Thursday Eastern U.S. time that withdrawals would be suspended… Continue reading China Moves Again To Crack Down On Bitcoin
<Click on graphic for larger image> The Financial Times – Winthrop T Smith:Go long, Mr Mnuchin A large proportion of the Fed’s Treasury bond portfolio won’t mature for many years. However, the Fed pays interest to banks on the short-term reserves the Fed created to buy those bonds. Right now, these payments are small, but… Continue reading The Maturity Schedule For U.S. Treasuries
<Click on graphic for larger image> Bloomberg.com – Yellen’s Labor Market Dashboard Federal Reserve officials are eyeing possibilities for raising the benchmark interest rate as soon as their next meeting in March, while stressing that they won’t be trigger-happy. To help inform her own view on the pace of rate increases, Fed Chair Janet Yellen… Continue reading Viewing The Fed’s Labor Market Dashboard
<Click on graphic for larger image> The Wall Street Journal – How China’s Dumping of Treasurys Will Affect U.S. Borrowing Costs Foreign buyers, like the Chinese state, are taking a smaller slice of the debt issued by the U.S. and other major economies, in a change that may test the long-held belief that overseas money… Continue reading A Look At Government Debt Held By Foreigners
<Click on graphic for larger image> Bloomberg View – Scott Dorf: Bond Technicians Gain Newfound Respect as Pattern Breaks The yield has had a bit of a breakout that past few days with no specific trigger, falling to 2.33 percent versus the 50-day moving average of 2.45 percent since the post-election sell-off in November. Those… Continue reading Technical Analysis
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Comment On February 9, 2017 at 9 AM CT (10 AM ET, 7 AM PT and 15:00 GMT) Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webcast/teleconference moderated by Jim Bianco. Join us today as we discuss the reflation trade and why we think it will be more parts inflation… Continue reading The Reflation Trade – Real Growth or Inflation
<Click on chart for larger image> Bloomberg – Lisa Abramowicz: Seth Klarman Shows Real Danger With ETFs The dominance of ETFs is making markets less efficient, and this could end up causing harm. As Klarman wrote in his recent note, “The inherent irony of the efficient market theory is that the more people believe in… Continue reading The Danger Of ETFs, According To Seth Klarman
<Click on graphic for larger image> The Wall Street Journal – Emerging Markets Shake Off Trump Slump to Be Year’s Big Winners, So Far Investors focus on benefits for developing economies of strong global growth, low valuations and rising commodity prices Emerging markets were expected to suffer the most from Donald Trump’s election victory, but developing-world… Continue reading Emerging Markets and Commodities Running Hot
Investors Business Daily – IBD/TIPP Poll: Economic Optimism Hits 12-Year High On Trumponomics The IBD/TIPP Economic Optimism Index climbed to 56.4 in February, rising eight-tenths of a point to hit the highest level since October 2004 in a vote of confidence for Trumponomics. Americans’ view of federal economic policies rose to the highest level in a… Continue reading Checking In On Stock Sentiment
Comment Jim Bianco was interview by Financial Sense on Friday. To listen to the interview, click on the image below. Audio [audio:http://www.financialsensenewshour.com/broadcast/insider/fsn2017-0208-bianco-u5g8d6b.mp3|titles=Interview ]