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 May 11, 2012
Posted Under: Weekly Market Commentary

 
Treasury prices closed higher for the eighth straight week as continuing European debt concerns left investors seeking safe haven assets. Prices were unchanged on Monday as the market digested news that French President Nicolas Sarkozy was defeated by Francois Hollande. Treasuries were slightly higher on Tuesday as demand at the three-year note auction was the highest since January. Yields on Wednesday were once again unchanged as the 10-year auction was sold at a record low and Greece remained unable to forge progress in forming a coalition government. The yield on the ten year note was modestly higher on Thursday on mixed news that jobless claims were slightly better than anticipated, but JPMorgan reported an unexpected $2 billion trading loss. Prices closed the week with a small gain on Friday as Greece's failing to form a unity government outweighed that U of M consumer confidence rose to 77.8 and was higher than the projected 76.0. Major economic reports (and related consensus forecasts) for next week include: Tuesday: April Consumer Price Index (0.0%, +2.3% YoY), April Consumer Price Index Ex Food and Energy (+0.2%, +2.3% YoY), May Empire Manufacturing (9.5) and April Advance Retail Sales (+0.2%, +0.2% excluding autos); Wednesday: April Housing Starts (685,000, +4.7% MoM), April Building Permits (728,000, -4.7% MoM), April Industrial Production (+0.6%) and April Capacity Utilization (79.0%) and minutes of FOMC meeting released; Thursday: Initial Jobless Claims (365,000) and May Philadelphia Fed Index (10.0).
Posted on Monday, May 14, 2012 @ 8:22 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
MARKET ANALYSIS


 PREVIOUS POSTS
US Stocks Week Ended May 11, 2012
Thinking about investing in Small-Caps?
Think about Micro-Caps.
The 6.1 Percent Solution
Money Market Fund (MMF) Shareholders Caught Between a Rock and a Hard Place!
US Economy and Credit Markets Week Ended May 4, 2012
US Stocks Week Ended May 4, 2012
Preferreds Offer Yield Spreads Similar To Speculative-Grade Debt
Biotech Pipelines and “Pharmerging Markets” offer Growth Potential
The Markets Fight Through the Headlines
US Economy and Credit Markets Week Ended April 27, 2012
Archive
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.