US bond markets are trading on the expectation of an interest rate hike by the US Federal Reserve in June 2017. Last week, bond yields extended their slides.
The Commitment of Traders (or COT) report is categorized into four categories: producers or users, swap dealers, managed money, and other reportable.
The Commitment of Traders (or COT) report is released by the Commodity Futures Trading Commission (or CFTC) every Friday at 3:00 PM CST.
The US Dollar Index continues to weaken. In the early hours on Tuesday, the US Dollar Index fell and traded at the lowest levels since November 9, 2016.
After breaking the losing streak and regaining strength last week, the US dollar is weaker in the early hours on Monday.
After losing momentum on Thursday, the US dollar is slightly weaker in the early hours on May 12 due to concerns about political uncertainty in the US.
Charles L. Evans, president of the Federal Reserve Bank of Chicago, said it’s extremely important that the Fed reach its inflation (VTIP) goal.
Loretta J. Mester, president of the Federal Reserve Bank of Cleveland, said she doesn’t want the Fed to fall behind the curve.
In Rosengren’s view, the markets can absorb the rebalancing of the Fed’s balance sheet only if the entire process is done gradually.
Eric Rosengren, president of the Federal Reserve Bank of Boston, warned about the jobless rate being below the natural full employment estimate of 4.7%.
The scope for green bonds is massive considering the fact that most major economies already have a huge debt burden.
Apple is not the only major U.S. corporation to issue a green bond.
Apple (AAPL) issued $1.5 billion in bonds dedicated to financing clean energy projects across its global business operations in February 2015.
Green bonds (GRNB) offer similar yields and return profiles compared to regular fixed-income investments (AGG).
European bonds (BWX) started showing signs of celebration late May 5 as opinion polls pointed toward an Emmanuel Macron win in the French presidential election.
The celebration of Emmanuel Macron’s victory in the French election began when the markets opened in Asia on May 8, 2017. Asian markets excluding China (YINN) rose.
The European Central Bank (or ECB) likely let out a huge sigh of relief after Emmanuel Macron emerged victorious in the second round of the French elections.
Market participants and analysts received welcome relief after the results of the second round of the French elections didn’t result in a surprise like the Brexit poll or the US election results.
Economic indicators that have been reported since the last FOMC meeting were mixed. We saw March employment data disappoint markets (MTUM).
Since the previous Fed meeting in March, where the Fed announced a 0.25% rate hike, equity markets (IWV) around the globe remained dovish.