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Rates have peaked

Joined
Jul 1, 2023
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4,814
What we are seeing in the bond market these past two days further confirms that’s rates have peaked.

 

rebar

Elite
Joined
Aug 26, 2023
Messages
1,166
What we are seeing in the bond market these past two days further confirms that’s rates have peaked.

Ill bet you 50.00 usd that at the next fed meeting the raise rates again
 

rebar

Elite
Joined
Aug 26, 2023
Messages
1,166

rebar

Elite
Joined
Aug 26, 2023
Messages
1,166

rebar

Elite
Joined
Aug 26, 2023
Messages
1,166
Simply posting Reuters article doesn’t make the posted article relevant to the conversation or up to date.

I think Reuters had an opinion section as well which obviously doesn’t need any commentary in regards to your question.
I think you play w Cocks. @TopHook does @HiddenLakes let this dude fiddle w gus or a cock?
@Rebarcock. Ninja where you hidden? That Garnet and Black Irish cocksman hasnt been here in a while.
 
Joined
Jul 1, 2023
Messages
4,814
The producer price index rose 0.5% for September, coming out higher than the Dow Jones estimate for a 0.3% rise. While slightly higher than what economists' expected, the September figure still represented a slowing from the 0.7% producer prices increase in the prior month.


The 10-year Treasury yield remained lower even after the hotter-than-expected inflation data, losing more than 6 basis points to 4.58%. The 2-year yield, meanwhile, moved higher by less than 1 basis point to 4.993.


A day earlier, the benchmark U.S. yield fell, giving stocks a boost. The 30-stock Dow had gained 0.4% on Tuesday, while the S&P 500 added 0.52% and the tech-heavy Nasdaq Composite jumped 0.58%.


"If rates continue to move lower, I think that will be the primary driver of a reasonable rebound in the equity market," Lauren Goodwin, director of portfolio strategy at New York Life Investments, said on CNBC's "Closing Bell" on Tuesday.


"It's also about supply and demand dynamics," she added. "These past couple of days, we've had a little bit of relief from Fed narratives and also a little bit of risk mitigating type of buying. But Treasury supply is still overwhelming, we expect it to remain that way."

 
Joined
Jul 1, 2023
Messages
4,814
Measures of U.S. inflation in September showed that the pace of price increases is still grinding lower, though at a slow and uneven pace.

Prices in the United States increased 0.4% from August to September, a slowdown from the previous month. Thursday’s report from the Labor Department also showed that annual consumer inflation in September was unchanged from a 3.7% rise in August.

And underlying inflation declined a bit: So-called core prices, which exclude volatile food and energy costs, climbed 4.1% in September from 12 months earlier, down from a 4.3% year-over-year pace in August. That is the smallest increase in the core measure in two years.


 
Joined
Jul 1, 2023
Messages
4,814
Looking good for @rebar

What do you mean? The odds against a rate increase have gotten even steeper since this morning and there was already a 98% chance they weren’t hiking.
 
Joined
Jul 1, 2023
Messages
4,814
You are trying to assess rate odds nearly three weeks out from the meeting? That’s rich
You make it seem like that’s not how this always goes given that meetings are six weeks apart.

There will be no rate increase in November. Now with this latest report there won’t be one in December either.

All this report showed is that people should factor in 75bps in cuts next year instead of 150 Bps which was something that those of us in the know were already leaning into.
 

rebar

Elite
Joined
Aug 26, 2023
Messages
1,166
The producer price index rose 0.5% for September, coming out higher than the Dow Jones estimate for a 0.3% rise. While slightly higher than what economists' expected, the September figure still represented a slowing from the 0.7% producer prices increase in the prior month.


The 10-year Treasury yield remained lower even after the hotter-than-expected inflation data, losing more than 6 basis points to 4.58%. The 2-year yield, meanwhile, moved higher by less than 1 basis point to 4.993.


A day earlier, the benchmark U.S. yield fell, giving stocks a boost. The 30-stock Dow had gained 0.4% on Tuesday, while the S&P 500 added 0.52% and the tech-heavy Nasdaq Composite jumped 0.58%.


"If rates continue to move lower, I think that will be the primary driver of a reasonable rebound in the equity market," Lauren Goodwin, director of portfolio strategy at New York Life Investments, said on CNBC's "Closing Bell" on Tuesday.


"It's also about supply and demand dynamics," she added. "These past couple of days, we've had a little bit of relief from Fed narratives and also a little bit of risk mitigating type of buying. But Treasury supply is still overwhelming, we expect it to remain that way."

Didnt see the 900 point wipe out over the last 10 or so days huh?
 

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