Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube

  US Economy and Credit Markets Week Ended April 27, 2012
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

Treasury prices were virtually unchanged on the week as positive earnings from US companies continue to be contrasted with European debt concerns. Yields were modestly lower on Monday but all movement was reversed on Tuesday as prices dropped slightly lower on mixed US housing data and as the Richmond Fed Manufacturing Index dropped to 69.2 versus the expected 69.9. Treasuries were little changed Wednesday as Fed Chairman Ben Bernanke repeated his commitment to low interest rates without confirming or eliminating the possibility of more quantitative easing. Prices moved up on Thursday as S&P downgraded Spain's long-term credit rating. US economic data was positive as initial jobless claims and pending home sales were better than anticipated. Treasuries were unchanged on Friday as both personal consumption and consumer confidence were higher than expected, but 1Q GDP grew only at a 2.2% rate versus the projected 2.5%.Major economic reports (and related consensus forecasts) for next week include: Monday: March Personal Income (+0.3%), March Personal Spending (+0.4%), April Chicago Purchasing Manager Index (60.5) and April Dallas Fed Manufacturing Activity (8.0); Tuesday: April ISM Manufacturing (53.0), April Total and Domestic Vehicle Sales (14.4M and 11.1M); Wednesday: March Factory Orders (-1.5); Thursday: Initial Jobless Claims (379,000); Friday: April Change in Nonfarm Payrolls (165,000), April Change in Private Payrolls (170,000) and April Unemployment Rate (8.2%).
Posted on Monday, April 30, 2012 @ 8:30 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts

US Stocks Week Ended April 27, 2012
China May Only Pose a Near-Term Challenge for Price of Copper
Agriculture Prices Take Breather Following Strong Decade
US Economy and Credit Markets Week Ended April 20, 2012
US Stocks Week Ended April 20, 2012
It’s Tough To Stay On Top!
Job Creation to Drive REIT Recovery from this Point Forward
The Question of Recession
US Economy and Credit Markets Week Ended April 13, 2012
US Stocks Week Ended April 13, 2012
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2022 All rights reserved.