Vanguard Short-Term Government Bond ETF
Pension funds saw less interest at the 2-year Treasury note auction
Apart from T-bill auctions, last week also saw auctions for $32 billion two-year Treasury notes on April 22, $35 billion five-year Treasury notes on April 23, and $29 billion seven-year Treasury notes on April 24.
Why did the issue price for 5-year Treasury notes fall?
The high yield rate increased to 1.732% for last week’s auction compared to 1.715% for the March auction, bringing down the offer price marginally to 99.48 from 99.57.
What to Make of the Rebound of the Credit Index in May
The Leading Credit Index expanded for the first time in four months in May with a reading of -0.86.
Should We Worry about the Contracting Credit Index?
The Conference Board uses credit conditions in the economy as one of the components of the leading economic index (or LEI) economic model.
What to Make of a Contracting Leading Credit Index
In March, the Leading Credit Index recorded a reading of -0.46, declining, compared to the February reading of -0.79.
What the Lending Credit Index in January Tells Us Now
The Conference Board uses credit conditions in the economy as one of the key constituents in its LEI (Leading Economic Index).
Is the Leading Credit Index Signaling Any Business Cycle Changes?
This constituent of the LEI is an economic model, constructed by modeling changes in six financial market instruments.
How the Leading Credit Index Tracks US Credit Conditions
Understanding the Leading Credit Index The Conference Board LCI (Leading Credit Index), a constituent in the LEI (Leading Economic Index), is published every month and tracks credit conditions in the US economy by following changes in six financial market instruments: the two-year swap (SHY) spread (real time) the three-month LIBOR[1.Intercontinental Exchange London Interbank Offered Rate] (SCHO) […]
The Leading Credit Index: October Update
The Leading Credit Index for October was reported to be -0.70, improving from the revised September reading of -0.64.
Understanding the Leading Credit Index for September 2017
The Leading Credit Index is an economic model that’s modeled on the performance of six major financial market instruments.
Understanding the Leading Credit Index
Understanding the Leading Credit Index The Conference Board LCI (Leading Credit Index), a constituent of the LEI (Leading Economic Index), is constructed based on the performance of six financial market instruments. These components track lending conditions in the US economy. Performance of the LCI Improving credit conditions are considered positive for the economy. When the LCI […]
What Financial Markets Predict for the US Economy
Understanding the Leading Credit Index The Conference Board Leading Credit Index (or LCI), which tracks lending conditions in the economy, is reported monthly. The index has six constituents: 2-Year Swap Spread (SHY) (real time) LIBOR[1.London Interbank Offered Rate] 3-month (SCHO) less 3-month Treasury-bill (VGSH) yield spread (real time) debit balances in margin accounts at broker dealers […]
What the Conference Board LEI Tells Us about the Market
The Leading Credit Index is one of the constituents of The Conference Board Leading Economic Index (or LEI), which is reported by The Conference Board on a monthly basis.
How the Federal Reserve Contributes to a Flattening Yield Curve
The US unemployment rate is close to the desired 4.5% and inflation has moved closer to the Fed’s target rate of 2.0%.