2707, 2015

US Treasury Yield Curve, July 26, 2015

By |July 27th, 2015|0 Comments

Does “a nose dive” in industrial commodity prices matter? In regard to future monetary policy and the prospects for inflation, it matters a lot. In fact, there has never been an instance in the past where the Fed has raised interest rates when commodity prices were depressed. It is interesting to note that the Bloomberg Commodity Index, dominated by […]

2007, 2015

US Treasury Yield Curve, July 20, 2015

By |July 20th, 2015|0 Comments

The yield curve experienced a soft flattening last week as prices on the longer duration bonds were slightly improved. The question remains unchanged: Will the Fed raise rates during the fourth quarter, regardless of market disagreement? Chair Yellen in her Congressional testimony said that “there was no prescribed date for raising rates and that the decision will be data […]

1307, 2015

Q1 & Q2 Financial Review

By |July 13th, 2015|0 Comments

The Economy and the Federal Reserve Bank – The third and final revision for the first quarter GDP of 2015 was a dismal -.2% and the second quarter will likely be soft but much better. Most forecasters believe that the final revision for the second quarter will range from +.9% to +1.6% as the consumer […]

1307, 2015

US Treasury Yield, 7-12-2015

By |July 13th, 2015|0 Comments

“THINGS ARE GETTING BETTER,” Chair Yellen stated in a prepared speech delivered in Cleveland last week. She reiterated that interest hikes are still on track for later this year amid signs of wage gains and the potential for inflation. She said that “based on my outlook, I expect it will be appropriate to raise the funds rate and begin […]