Sample Our Reports, Presentations, & Market Insights
Who Isn’t Looking For Rates To Rise? Today the Wall Street Journal published its semi-annual forecasting survey of economists. The overwhelming consensus of the 55 economists surveyed was for higher 10-year interest rates by June 30, 2005.
Mutual Fund Flows Update Tables updated through November 30, 2004 with data released December 30, 2004. Comments on Stock Funds, Bond Funds and Hybrid Funds, and the public’s break-even level. Currently, we estimate the public’s...
Commodity Investing Considerations A transcript of the conference call on December 22, 2004.
A Perspective On The TIC Data The U.S. Treasury’s monthly release of the International Capital Statistics (TIC) report is garnering increasing attention in the financial media. This is understandable given the widening current account deficit...
November 2004 Presentation Package Presentation package used in a conference call on November 18, 2004.
Should We Fret About the Dollar? The United States began its life by holding certain truths to be self-evident. Despite the beliefs held fervently by what often feels to be a majority of financial market commentators that deficits are wicked and...
How Will Foreigners React to Fannie Mae’s Problems? Because of Fannie Mae’s recent accounting problems, they may be forced to slow the growth of their mortgage portfolio. This would mean they would be issuing fewer agency securities and,...
Is Crude Oil In A New Bubble Or A New Reality? The cash market price of West Texas Intermediate, the benchmark for the NYMEX contract, has risen more than 45% since the start of the year. This has led many to nominate the crude oil market for...
A Review of Leverage Measures in the Bond Market There is still a record amount of leverage in the bond market. The size of the repo and futures markets are still near their record highs, and the Commitment of Traders data shows Commercial and...
Inflation Watch Update The attached tables update inflation rates through June 2004. New to the report this month are tables and charts on the Personal Consumption Expenditure Indexes along with a look at how they compare to the CPI statistics.
U.S. Treasury’s International Capital Statistics Update In last month’s TIC Report, we took a look at foreign buying of U.S. Treasuries. We pointed out that Japan alone accounts for almost 60% of all foreign buying of these securities....
A Review of Leverage Measures in the Bond Market If one examines measures of leverage in the bond market, they all give the same answer – the bond market still has a record amount of leverage. The size of the repo and futures market is still...