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 April 6, 2018
Posted Under: Weekly Market Commentary

 
Treasury prices extended their rally over the past week pushing the yield on the 10-yr U.S. Treasury note below 2.75% on Friday. Treasury yields across the board continued to fall as global markets reacted to the continued threat of a trade war between the United States and China and a weaker than expected jobs report in the United States. President Donald Trump and policymakers from the Chinese government continued their banter over tariff propositions last week. China responded to the United States' tariff announcement by declaring $50 billion of its own tariffs on U.S. exports, targeting aircraft and agricultural products. The President threatened an additional $100 billion in tariffs on Chinese imports in response. The White House justified additional penalties by citing alleged violations of U.S. intellectual property laws; Bejing vehemently denied those claims. Nonfarm payrolls rose 103,000 in March, lagging the consensus expected 185,000. Despite the weaker jobs number, the tendency in recent years has been for March payrolls to come in below consenus expectations. Additionally, the weaker jobs number is coming off the back of an unusually strong uptick in February. Other major economic reports (related consensus forecasts, prior data) for the upcoming week include: Tuesday: March PPI Final Demand MoM (0.1%, 0.2%); February Final Wholesale Inventories MoM (0.6%, 1.1%); Wednesday: April 6 MBA Mortgage Applications (N/A, -3.3%); March CPI MoM (0.0%, 0.2%); Thursday: April 7 Initial Jobless Claims (230k, 242k); Friday: April Preliminary U. of Mich. Sentiment (100.6, 101.4).
Posted on Monday, April 9, 2018 @ 8:43 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
Some Perspective On The Performance Of The S&P 500 Index
The Current Stock Market Correction Is Behaving Like The Last One
US Stocks Ended March 30, 2018
US Economy and Credit Markets Ended March 30, 2018
A Global Snapshot of Government Bond Yields
A Snapshot of U.S. Styles/Market Caps
US Stocks Ended March 23, 2018
US Economy and Credit Markets Ended March 23, 2018
S&P 500 Index’s Dividend Payout Still Trending Higher
The Real Rate Of Return On The 10-Year Treasury Note (T-Note) Is Still Low
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.