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 16, 2021
Posted Under: Weekly Market Commentary

Treasury yields dropped moderately amongst longer term yields over the course of the week despite higher inflation numbers and strong economic reports. On Tuesday, the Consumer Price Index rose 0.6%, which was the largest monthly surge since 2012, beating analyst expectations of 0.5%. However, Treasury yields dropped moderately on Tuesday as many bond investors were already pricing in significant inflation, resulting in strong demand for an auction of 30-year Treasurys. On Thursday, Retail Sales rose 9.8%, compared to analyst expectations of 5.0%, but bond investors looked past this report again as yields dropped. Federal Reserve Chairman Jerome Powell said that tapering of asset purchases would come "well before" an increase in interest rates, suggesting that accommodative policies from the Fed would remain for a while. Initial Jobless Claims were 576k, which was well below analyst expectations of 700k, though continuing claims remained flat. President Biden also announced retaliatory measures against Russia for election interference and cyberattacks. Oil prices rose 6.4% as the strong economic reports led to a higher forecast in global oil demand. Major economic reports (related consensus forecasts, prior data) for the upcoming week include Wednesday: April 16 MBA Mortgage Applications (n/a, -3.7%); Thursday: April 17 Initial Jobless Claims (625k, 576k), March Leading Index (0.8%, 0.2%), March Existing Home Sales (6.20m, 6.22m); Friday: April Preliminary Markit US Manufacturing PMI (60.5, 59.1), March New Home Sales (885k, 775k).
Posted on Monday, April 19, 2021 @ 8:19 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

Consumer Disc. Has Consistently Outperformed Staples And The Broader Market Over The Long-Term
Consider The Potential Opportunity Costs Before You Sell In May And Go Away!
US Stock Markets Ended April 9, 2021
US Economy and Credit Markets Ended April 9, 2021
The Real Rate of Return on the 10-Year Treasury Note is Essentially Zero
How Bonds Have Fared Since 8/4/20
US Stock Markets Ended March 26, 2021
US Economy and Credit Markets Ended March 26, 2021
The Only Constant Is Change…Usually
A Snapshot Of The U.S. Dollar
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.