Fed Brief

  • 02-22-2017 15:09:34 PM ET

    Per usual, the minutes from the latest FOMC meeting held a little something for everyone in terms of views on the economy and the potential rate-hike path the Fed might follow. There was a r...

Bond Market Update

  • The Market at 15:33 ET

    10-Year: +2/32…2.42…EUR/USD: 1.0570USD/JPY: 113.14

    Treasury Market Stands Its Ground

    • MBA Mortgage Index for the week ending 2/18: Actual -2.0% w/w, Prior -3.7%
    • January Existing Home Sales: Actual 5.69M, Briefing.com consensus 5.57M, Prior 5.49M
    • U.S. Treasury sells $13 bln of 2-year floating rate notes: Discount margin 0.133%, Bid-to-cover 3.08, Indirect bid 48.7%, Direct bid 0.4%
    • $34 bln 5-year Treasury auction: High yield 1.937%, Bid-to-cover 2.29, Indirect bid 58.2%, Direct bid: 8.4%, Tail 0.6 basis points
    • Fed Governor Powell (FOMC voter): Expects gradual rate hikes; Fed close to twin goals on employment and inflation; risks to U.S. economy are more in balance; asked if March FOMC meeting is live, he said yes and that he believes a hike will come very soon if the economy stays on track
    • FOMC Minutes from 1/31-2/1 meeting: Many Fed officials see hike fairly soon

The Bond Column

  • 02-17-2017 16:36:55 PM ET

    The Week in Review/Week Ahead

    his week's U.S. economic data was about the best the optimists could have hoped for and yet Treasuries ended the week virtually unchanged. The producer price index, consumer price index, and retail...

Treasury Yield