<Click on chart for larger image> RT.com – Central banks selling off US debt at record pace China sold $7.7 billion in US debt in March, lowering its holding by $26.4 billion since last June. Russia dumped $1.6 billion, while Brazil sold almost $1 billion. “It’s more of a global fear than anything. There’s still… Continue reading China Continues To Sell U.S. Treasuries
<Click on graphic for larger image> Bloomberg Business – Island of 60,000 Emerges as $265 Billion Treasuries Haven A Caribbean financial center favored by hedge funds is now the third-biggest foreign owner of U.S. government debt. The Cayman Islands, where more hedge funds are domiciled than anywhere else in the world, held $265 billion of… Continue reading Cayman Islands Holding $265 Billion In U.S. Treasuries
<Click on graphic for larger image> AQA – US Economic Data – Seasonals Favor a Rebound? We refer to the average path of the US Citigroup Economic Data Change Index since 2003. This index measures economic data as a whole relative to one-year averages. Economic data has tended to struggle through April / May before… Continue reading The U.S. Economy
Bloomberg View – Narayana Kocherlakota: Bring On the Currency War The U.S. government seems concerned about what will happen if other big nations push down the value of their currencies against the dollar. Actually, it could be good for the global economy. Ahead of this week’s meeting of finance ministers from the Group of Seven… Continue reading Currency Wars
The Financial Times – US business favours Clinton over Trump Traditional bonds between the Republican party and corporate world unravel Lobbying groups representing a wide range of American companies would prefer Democrat Hillary Clinton in the White House over businessman Donald Trump by a ratio of two to one, in a clear sign of how… Continue reading Why U.S. Businesses Prefer Clinton Over Trump
<Click on graphic for larger image> Bloomberg View – Hedge Fund Bosses Make Too Much? Get Used to It … See, hedge funds aren’t entirely based on performance. Like most asset managers, they also earn management fees — a slice of their investors’ total wealth that gets lopped off every year no matter how well… Continue reading Hedge Fund Fees
None Today
<Click on table for larger image> Bloomberg Business – Wall Street’s Bond Forecasters Splinter as Fed Credibility Wanes Bloomberg survey shows diverging views on U.S. economy, yields … Their conflicting views are emblematic of how little consensus there is over the direction of the U.S. economy — and its impact on the $13.4 trillion market… Continue reading Reviewing Bond Market Sentiment
The Hill – Trump closing gap with Clinton, poll shows Donald Trump is closing in on Hillary Clinton’s narrow lead in a general election matchup, a new national poll released Tuesday finds. The NBC News/SurveyMonkey online tracking poll found that Clinton holds a 3-point lead over the presumptive GOP nominee. Last week, the same poll… Continue reading Oregon & Kentucky Primaries Today – Why They May Matter
<Click on graphic for larger image> Bloomberg.com – U.S. Discloses Saudi Holdings of Treasuries for First Time Kingdom held $116.8 billion as of March, Treasury data show Figures had been grouped with mostly OPEC nations since 1974 The Treasury Department released a breakdown of Saudi Arabia’s holdings of U.S. debt, after keeping the figures secret… Continue reading Saudi Holdings Of Treasuries
<Click on graphic for larger image> Bloomberg.com – Goldman Surprised by Sudden Oil-Market Turn as Glut Vanishes Bank raises near-term oil forecast on market’s flip to deficit Return to output surplus seen in early 2017 as supplies gain A decline in production driven by unexpected supply disruptions, as well as sustained demand, have resulted in… Continue reading Crude Oil Supply/Demand
MarketWatch – Wall Street banks see a painful summer for stocks ahead Risk factors include higher interest rates and the U.S. election If you gathered a group of stock analysts in a room, odds are each analyst would have a different view on the market. So when analysts from three big investment banks are on… Continue reading Is Wall Street Worried About Stocks?