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 Ended Feb. 10, 2017
Posted Under: Weekly Market Commentary

 
The yield on the U.S. 10-year Treasury note rose on Thursday and Friday after three straight days of declines. President Trump told airline executives on Thursday in a meeting at the White House that an announcement concerning tax reform will be made in the coming weeks. The potential fiscal policy move renewed expectations of higher economic growth and inflation. The breakeven rate, which is a proxy for the market's forecast of inflation by measuring the difference in yield between a nominal bond and an inflation-indexed bond, rose on Thursday and Friday as investor's expectations for inflation increased.  Meanwhile, U.S. equities finished the week at record highs, lowering demand for government bonds and sending yields higher. Earlier in the week, Treasuries rose as demand was spurred by heightened political uncertainty in Europe. In particular, the upcoming French presidential election in April increased fears that France could leave the European Union. Notably, the spread between French and German government bond yields climbed to a four-year high during the week. Major economic reports (and related consensus forecasts) for the upcoming week include: Tuesday: January PPI Final Demand (0.3% MoM, 1.5% YoY); Wednesday: Feb 10 MBA Mortgage Applications, February Empire Manufacturing (7.0), January CPI (0.3% MoM, 2.4% YoY), January Retail Sales Advance (0.1% MoM), January Industrial Production (0% MoM); Thursday: January Housing Starts (1.2M), Feb 11 Initial Jobless Claims (245K), February Philadelphia Fed Business Outlook (18.0); and Friday: January Leading Index (0.5%).
Posted on Monday, February 13, 2017 @ 8:03 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
Market Commentary and Analysis
Market Commentary Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email
 


 PREVIOUS POSTS
Investors Would Like To See Bank Margins Rise Along With Interest Rates
A Snapshot of Growth vs. Value Investing
It's Called Winning!
US Stocks Ended Feb. 3, 2017
US Economy and Credit Markets Ended Feb. 3, 2017
S&P 500 Index Stock Prices Relative To Their 52-Week Highs
Back to Earnings: Back to the Basics
Biotechnology Stocks Have Not Been This Cheap In A Decade
US Stocks Ended Jan. 27, 2017
US Economy and Credit Markets Ended Jan. 27, 2017
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.