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 Week Ended May 18, 2012
Posted Under: Weekly Market Commentary
Supporting Image for Blog Post

 
Yields for treasuries rose broadly this week, particularly at longer durations, as speculation surrounding the potential of a Greek exit from the Eurozone weighed on stocks and investors sought safety in government debt. Treasuries rose Monday as leaders in Greece prepared for additional talks on forming a government and investors sold risk based assets. The rise continued on Tuesday with the 10 year yield touching a record low for the year as April Advance Retail Sales were flat (.1%), May Empire Manufacturing exceeded expectations (17.09 vs. 9), March Business Inventories missed expectations (.3% vs. .5% consensus), and the April Consumer Price Index was flat (.2%). Minutes from The Federal Reserve said on Wednesday that additional economic stimulus might be needed to sustain the economy, contributing to a rally in 5 and 10 year government notes. In addition, April Housing starts rose 2.6% to 717,000 vs. expectations of 685,000 while April Capacity Utilization was 79.2%, just beating a 79% estimate. On Thursday, the May Philadelphia Fed Index fell to -5.8 vs. an estimate of 10 and treasuries yields touched record lows not seen since last September. The drop continued on Friday with yields closing lower, marking the 9th consecutive week of gains for the treasury markets. Major economic reports (and related consensus forecasts) for next week include: Tuesday: April Existing Home Sales (4.62%); Wednesday: March House Price Index (.3%), April New Home Sales (335K); Thursday: Durable Goods Orders (.3%) and Durable Good Ex Transportation (.8%); Friday: Final U. of Michigan Consumer Confidence for May (77.8).
Posted on Monday, May 21, 2012 @ 9:01 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


 PREVIOUS POSTS
US Stocks Week Ended May 18, 2012
If You Can't Beat Them, Join Them!
Passive Investing More Popular Than Active Management Since 2007
US Economy and Credit Markets Week Ended May 11, 2012
US Stocks Week Ended May 11, 2012
Thinking about investing in Small-Caps?
Think about Micro-Caps.
The 6.1 Percent Solution
Money Market Fund (MMF) Shareholders Caught Between a Rock and a Hard Place!
US Economy and Credit Markets Week Ended May 4, 2012
US Stocks Week Ended May 4, 2012
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.