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 March 15, 2019
Posted Under: Weekly Market Commentary

 
U.S. government bond prices were up slightly last week, and the 10-year Treasury yield moved below 2.60% from nearly 3.25% in November 2018 as weaker-than-expected economic and inflation data increased expectations that the Fed will forgo raising rates this year. The Consumer Price Index, excluding food and energy, increased 0.1% in February and 2.1% over the last 12 months. The increase in February came in below expectations, which gave the appearance of cooling inflation and helped push U.S. government bond prices higher. New-home sales fell 6.9% in January over the prior month, which was below expectations, while new-home sales in December were revised up from 621,00 annually to 652,000. Soft manufacturing data released on Friday also helped push bond prices higher. According to the Fed, manufacturing fell 0.4% in February after falling 0.5% in January. This week, the Federal Open Market Committee meets on Tuesday and Wednesday and is widely expected to hold interest rates steady. Major economic reports (related consensus forecasts, prior data) for the upcoming week include: Tuesday: January Final Durable Goods Orders (0.4%, 0.4%), January Factory Orders (0.2%, 0.1%); Wednesday: March 20 FOMC Rate Decision – Upper Bound (2.50%, 2.50%), March 15 MBA Mortgage Applications (N/A, 2.3%); Thursday: March 16 Initial Jobless Claims (225k, 229k), February Leading Index (0.1%, -0.1%); Friday: March Preliminary Markit US Manufacturing PMI (53.6, 53.0), February Existing Home Sales (5.10m, 4.94m), January Wholesale Inventories MoM (0.0%, 1.1%).
Posted on Monday, March 18, 2019 @ 8:04 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
Weekly Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email
 


 PREVIOUS POSTS
Passive Investment Vehicles Have Posted The Strongest Asset Growth Since The End Of 2007
This Data Does Not Portend A Bear Market In Stocks
US Stock Markets Ended March 8, 2019
US Economy and Credit Markets Ended March 8, 2019
Sector Performance Via Market Capitalization (Current Bull Market)
A Global Snapshot of Government Bond Yields
US Stock Markets Ended March 1, 2019
US Economy and Credit Markets Ended March 1, 2019
This Covered Call Index Tends To Outperform The S&P 500 When Stock Returns Are Modest Or Negative
Massive Growth In The Equity REIT Market This Millennium
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 advisors 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.
First Trust Advisors L.P.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2019 All rights reserved.