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 Nov. 5, 2021
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

 
U.S. Treasury bond yields were mostly down last week as investors digested the Federal Reserve's announcement and Friday's jobs report. The long end of the yield curve increased in response to the Federal Reserve's announcement on Wednesday. The Federal Reserve announced they will start tapering or reducing their asset purchases per month. When questioned about interest rates, Federal Reserve Chairman Jerome Powell stated rate hikes could happened in the back half of next year, but the Federal Reserve will remain "data dependent" in their decisions. Regarding inflation, Jerome Powell and the Federal Reserve's certainty in inflation being transitory continues to wane as higher prices persist. The week wrapped up with Friday's stronger than expected jobs report. Nonfarm payrolls increased by 531,000 in October, well above the expected 450,000, and the unemployment rate dropped 20 basis points last month to 4.6%. Though topline jobs data beat expectations, Treasury yields dropped at the end of the week as stale labor force participation and impending vaccine mandates cloud the outlook. Major economic reports (related consensus forecasts, prior data) for the upcoming week include Tuesday: October NFIB Small Business Optimism (99.3, 99.1), October PPI Final Demand MoM (0.6%, 0.5%), October PPI Final Demand YoY (8.7%, 8.6%); Wednesday: November 5 MBA Mortgage Applications (N/A, -3.3%), November 6 Initial Jobless Claims (263k, 269k), October 30 Continuing Claims (N/A, 2105k), October CPI MoM (0.5%, 0.4%), October CPI YoY (5.8%, 5.4%), September Final Wholesale Inventories MoM (1.1%, 1.1%), October Monthly Budget Statement (N/A, -$61.5b); Friday: November Preliminary University of Michigan Sentiment (72.5, 71.7).
Posted on Monday, November 8, 2021 @ 8:18 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
A Snapshot Of The U.S. Dollar
Sector Performance Via Market Cap. (2020 Bear Market & New Bull Market)
US Stock Markets Ended Oct. 29, 2021
US Economy and Credit Markets Ended Oct. 29, 2021
A Snapshot Of Materials Stocks
The Price Of Crude Oil Has Surged During The COVID-19 Pandemic
US Stock Markets Ended Oct. 22, 2021
US Economy and Credit Markets Ended Oct. 22, 2021
Passive vs. Active Fund Flows
A Global Snapshot Of Government Bond Yields
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.