Financials: Dec. Bonds are currently 11 higher at 156’22, 10 Yr. Notes 6 higher at 127’09.5 and the 5 Yr. Notes 4 higher at 118’23.7. Yesterday Fed V.P. Stanley Fischer announced his retirement leaving the possibility of 4 vacancies on the Federal Reserve board to be filled by Pres. Trump including the possibility of replacing […]Continue Reading →
Financials: Dec. Bonds are currently 4 lower at 155’17, 10 Yr. Notes 2 lower at 126’24 and 5 Yr. Notes 1 lower at 118’12.7. Earlier in the week treasuries rallied to new recent highs as the trade sought the safety of gov’t. issues in response to the provocation of a N. Korean missile sent over […]Continue Reading →
Financials: Dec. Bonds are currently 5 lower at 155’03, 10 Yr. Notes 5 lower at 126’15 and 5 Yr. Notes 3 lower at 118’08.2. The market has rallied over the last week as traders sought safe haven as securities backed off and indicators showed a lack of inflation high enough to meet Fed target of […]Continue Reading →
Financials: Sept. Bonds are currently 13 lower at 154’21, 10 Yr. Notes 4 lower at 126’12.5 and 5 Yr. Notes 2.7 lower at 118’11.7. Yesterday’s release of the FOMC minutes showed there was very little consensus among Fed. Governors as to when there will be another rate hike. That being said, there was some agreement […]Continue Reading →
Financials: Sept. Bonds are currently unchanged at 154’23, 10 Yr. Notes fractionally higher at 126’11.5 and 5 Yr. Notes unchanged at 118’11.2. Saber rattling by N. Korea and return rhetoric by President Trump sent traders to the safety of treasuries over the last 48 hours. Add lowered expectations of less than 2% expected inflation rate […]Continue Reading →
You know summer is winding down in Chicago when NFL football begins. Until last year our baseball teams were usually long gone from any playoff consideration by this time so DA BEARRSSSS were usually all we had to look forward to. Thanks to the Cubbies we at least can watch baseball through September now. And […]Continue Reading →
Financials: Sept. Bonds are currently 15 higher at 154’21, 10 Yr. Notes 4 higher at 126’07.5 and 5 Yr. Notes 2 higher at 118’08.5. Yesterday’s ADP private jobs number came in at 178K, slightly below expectations of 180K. This number usually correlates closely with the monthly Unemployment Report of which guesstimates so far reflect an […]Continue Reading →
Financials: Sept. Bonds are currently 15 lower at 152’22, 10 Yr. Notes 5.5 lower at 125’27 and 5 Yr. Notes 3.7 lower at 118’02.5. The Fed has left rates unchanged as expected after yesterday’s FOMC meeting. Of note is the intention to start trimming the Fed Balance Sheet (inventory of mortgage-backed securities, Bonds, Notes etc.) […]Continue Reading →
Late last week the headlines rang out “JUICE IS FREE !!!!”. Orange juice immediately dropped 20 cents on that news. OK just kidding folks, that’s just how my warped brain thinks. But remember other OJ, 3 strikes and you’re out.
Metals: Fed inaction on interest rates continues to weaken the US Dollar which has […]
Financials: Sept. Bonds are currently 2 higher at 154’00, 10 Yr. Notes 1 higher at 126’02.5 and 5 Yr. Notes 0.5 higher at 118’04.7. The market has advanced slightly over the last week. I am still overall negative on these markets believing that rates will eventually creep higher as the economy continues to recover albeit […]Continue Reading →
Financials: Sept. Bonds are currently 4 higher at 152’29, 10 Yr. Notes 1.5 higher at 125’18 and the 5 Yr. Note 0.5 lower at 117’27.5. Testimony by Fed Chairwoman Yellen yesterday indicated that the Fed would take a moderate to soft path when it comes to raising rates and trimming the Fed’s balance sheet by […]Continue Reading →
Let’s see now, I no longer watch the news because… well just because. I don’t watch much regular TV because everything on these days is either a competition (think American ninja warriors, battle of the network stars, dancing with the stars.. OK you get it) or an inane reality show. (think Kardashians, any city Housewives […]Continue Reading →
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