Fed Brief

  • 02-21-2018 15:33:47 PM ET

    The minutes from the January 30-31 FOMC meeting were released today (February 21). It would be a mistake to put a hard spin on them as being either dovish or hawkish. What they were was typical. That is, they provided a little something for anyone aiming to put a spin on the Fed's view o...

Bond Market Update

  • The Market at 15:14 ET

    10-Year: -4/32…2.85…EUR/USD: 1.2285USD/JPY: 106.08

    Treasury Market Stands Its Ground

    • --February Housing Starts: Actual 1236K, Briefing.com consensus 1283K, Prior revised to 1329K from 1326K
    • --February Building Permits: Actual 1298K, Briefing.com consensus 1330K, Prior revised to 1377K from 1396K
    • --February Industrial Production: Actual +1.1%, Briefing.com consensus 0.3%, Prior revised to -0.3% from -0.1%)
    • --February Capacity Utilization: Actual 78.1%, Briefing.com consensus 77.7%, Prior revised to 77.4% from 77.5%
    • --January JOLTS - Job Openings: Actual 6.312 mln, Prior revised to 5.667 mln from 5.811 mln
    • --Preliminary March Michigan Consumer Sentiment: Actual 102.0, Briefing.com consensus 99.5, Prior 99.7

The Bond Column

  • 03-07-2018 17:00:57 PM ET

    The Week in Review/Week Ahead

    Lumbr prices have risen a lot in the last few years. Specifically, they have surged approximately 130% from their October 2015 low. That increase has been good for the U.S. lumber industry...

Treasury Yield