Jim Bianco joins fox Business to discuss Inflation Expectations, Possible Future Rate Hikes, Interest Rates vs Earnings Reports & The Magnificent 7 with Charles Payne.
Today's topics include bad auction sparks bond selloff, Fed's repo facility usage drops below $1 trillion, Powell injects some hawkish rhetoric, eyes on home loan banks, tracking shipping & cargo, a rational shift in consumer buying patterns, tighter lending standards, reconciling monetary & fiscal policy in Japan, projecting declining population growth, and Jay's potty mouth
T-bills are accounting for a rising percentage of outstanding debt in the U.S., surpassing the 20% limit typically advocated by the TBAC.
Worsening loan conditions have yet to send high-yield spreads wider. It is worth noting the index contains higher quality bonds than in past crises.
With excess savings dwindling, consumer loan data takes on increased importance.
Key card swipes, public transportation, and mobile phone usage all point to office usage settling in around 2.5 to 3 days a week in the office.
The number of homes sold each month has fallen considerably from the January 2021 high. In September, 405k homes were sold.
The United States can generate energy from a range of resources, but its main source is natural gas. Natural gas has two big uses: electricity generation and space heating. Because of its use in space heating, natural gas usage tends to be highly seasonal.
A long-term look at real rates
Some interesting charts from our recent posts
The recent rally in bonds looks like a short cover rally with little follow-through. The larger downtrend in prices, or uptrend in yields, is still intact.