The Wall Street Journal – How Does Your Experience of Inflation Differ from the Average? Are prices higher today than a year ago or lower? That depends on who you are. Consumers experience price inflation differently, depending on the goods and services they consume. Older people, for instance, will spend more on health care while… Continue reading The Atlanta Fed’s Personalized Inflation Tracker (MyCPI)
Bloomberg Business – The G-7’s Problem: Can the World Deal With a Greek Default? While differing over strategy, G-7 officials may seek to reassure each other that they’re equipped to manage the fallout should agreement not be reached on Greece. Bank of France Governor Christian Noyer said on Tuesday that he doesn’t see “any particular”… Continue reading Your Daily Update On Greece
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Comment On May 28, 2015 at 9 AM CT (10:00 AM ET, 7:00 AM PT, and 15:00 BST), Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webcast/teleconference moderated by Jim Bianco. Join us Thursday as we discuss the return of more normal levels of volatility in the bond market. We… Continue reading Bond Market Volatility … Get Used To It
Bloomberg.com – Bond Traders Uncover Secret to Rates That Fed Just Doesn’t Get Forget 2015. The real play for bond traders is 2016. For years, the $12.6 trillion U.S. Treasury market has signaled — correctly — that the Federal Reserve was too optimistic in its outlook for the economy and interest rates. That’s no different… Continue reading Timing The First Rate Hike
<Click on graphic for larger image> Bloomberg.com – The Simple Reason Why Everyone Wants New Corporate Bonds Wall Street investment managers are inevitably judged against a benchmark such as a broad index of stocks or bonds or a mix of the two. Producing returns higher than the benchmark is the holy grail for investment managers who, after all, are… Continue reading Corporate Bonds
Reuters – Fed on track to hike rates as economic headwinds wane: Yellen Federal Reserve Chair Janet Yellen was clearer than ever on Friday that the central bank was poised to raise interest rates this year, as the U.S. economy was set to bounce back from an early-year slump and as headwinds at home and… Continue reading Fed Speak
Bloomberg.com – The Scariest Word in Bond Markets Is Also the Least Understood Who isn’t worried about a lack of liquidity in bond markets these days? Wall Street’s biggest banks are concerned that new rules have made it difficult for them to buffer against bond price swings. Investors say that makes it almost impossible to… Continue reading Defining Liquidity
<Click on graphic for larger image> The Telegraph (UK) – The world is drowning in debt, warns Goldman Sachs Ageing populations mean countries’ debt piles risk growing out of control, warns European head of Goldman Sachs Asset Management The world is sinking under too much debt and an ageing global population means countries’ debt piles… Continue reading Scary Talk
The New York Times Magazine – Bill Gross Thinks the End Is Near The big question on Wall Street right now is when the Fed will raise interest rates. When do you think they’ll go up? Probably sometime this year. You know, if you’re sick in bed, you’re lying around for 24 hours, at some… Continue reading Bill Gross Speaks
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<Click on chart for larger image> Bloomberg Business – Jobless Claims in U.S. Fall Over Past Month to 15-Year Low The average number of Americans filing for unemployment benefits over the past four weeks dropped to a 15-year low, a sign the labor market continues to strengthen. The four-week average for jobless claims decreased to… Continue reading Jobless Claims Hit A 15-Year Low