The decline in new order volumes in May, might impact production levels this month.
The BofA Merrill Lynch U.S. High Yield Master II Index increased by 0.34% over the week ending June 20, and is up by 5.64% so far this year (up to June 20).
Yellen believes the Fed’s recent tapering initiatives shouldn’t be taken as a reduction in the Fed’s commitment. The tapering initiatives just show that the economy doesn’t require as much quantitative easing as it had.
Durable goods orders jumped 0.8% in April to $239.9 billion.
However, corporate borrowers in the primary markets continued to take advantage of the low yields environment.
Being a hawk or a dove, in finance, refers to the attitude of Federal Reserve policymakers toward inflation. The Federal Reserve has two mandates: to ensure full employment and to bring about price stability (low inflation).
The FHFA HPI is calculated using home sales price information from mortgages either sold to or guaranteed by Fannie Mae and Freddie Mac.
The 20-city index reading for March, implied an average month-on-month (or MoM) price increase of 0.9% in the 20 metros tracked by the index.
This series gives you insights into the monetary policy stance of each of the dovish FOMC members. Let’s start by understanding the structure of the FOMC and what it is that differentiates doves and hawks.
New home sales in April, at 433,000 units, were higher than markets had anticipated.
An increase housing market activity is often associated with increased consumption in the overall economy.
Investor expectations about the June FOMC, was probably also a factor influencing fund outflows from investment-grade mutual funds.
Inflation also increases the nominal yields on bonds which reduces their price.
Only 1.7% of the total issuance last week had a tenure of less than three years.
The GDP is a nationwide measure of economic activity impacting all sectors.
Investors also exited positions in emerging market securities in January and February, following the Fed’s decision to taper monthly asset purchases.
Unlike the regional manufacturing surveys conducted by the Federal Reserve Banks of other districts, the CFNAI is a nation-wide measure.
Leveraged loans are basically issued on a floating rate basis.
Leveraged loans are issued by companies rated below investment grade (for example—Caesars Entertainment (CZR)).
Treasury yields shed points in reaction to the FOMC statement issued pursuant to the FOMC meeting held on June 17–18, 2014, when the FOMC decided to taper its asset purchase program by another $10 billion.