A bloodbath for bonds? Here’s the tipping point to look out for

  • January 10, 2018
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  • realestate

First Japan, and now China, is getting markets notably the bond world stirred up. Bonds are the topic du jour, especially after the Bank of Japan got everyone a bit worked up yesterday by trimming its government bond purchases. Then this morning, Bloomberg reported China is considering cutting back on its U.S. Treasury holdings. Timing

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Relax, the Bank of Japan isn’t tapering—yet!

  • January 9, 2018
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  • realestate

The Bank of Japan’s decision Tuesday to reduce the amounts of government bonds it buys as part of its quantitative easing efforts sent the yen and Japanese bond yields higher. But analysts warned investors not to get ahead of themselves, calling the move more of a technicality than a tapering. The central bank cut its

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U.S. trade deficit swells to largest since January 2012

  • January 5, 2018
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  • realestate

The U.S. trade deficit widened 3.2% in November to $50.5 billion, the highest trade gap since January 2012. Economists polled had forecast a $50 billion gap. Imports rose 2.5% to $250.7 billion, the Commerce Department said Friday. Exports rose 2.3% to $200.2 billion. Year-to-date, the deficit is up 11.6% from the same period in 2016.

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U.S. adds 148,000 jobs in December

  • January 5, 2018
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  • realestate

Job growth decelerated a bit in December after two strong months. The economy gained 148,000 jobs in December after an average gain of 232,000 jobs over the past two months. Economists polled had predicted a 198,000 increase in nonfarm jobs. The unemployment rate, meanwhile, remained steady at 4.1%. Wages increased by 2.5% over the past

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Private-sector job growth sizzles in December, with 250,000 jobs added, ADP says

  • January 4, 2018
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  • realestate

Private-sector hiring was stronger than expected in December, according to payroll processor ADP. Employers added 250,000 jobs, more than the 188,000 jobs forecast by economists. November’s tally was revised down by 5,000, however. Almost all of the December gain was in the service-providing sector, which accounted for 222,000 of the jobs. Within services, the trade/transportation/utilities

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U.S. manufacturing surges in December, ISM shows

  • January 3, 2018
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  • realestate

The Institute for Supply Management said Wednesday its manufacturing index rose to 59.7%, the second highest reading of the year, from 58.2% in November. Readings over 50% indicate more companies are expanding instead of shrinking. The uptick in the index was better than Wall Street expected. Economists surveyed had forecast the index would slip to

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Treasurys come back to where they started as year comes to close

  • December 29, 2017
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  • realestate

Treasury yields were mixed on Friday in holiday-thinned trade as U.S. government paper looked to end at levels close to where they had started this year. The 10-year Treasury yield was mostly flat at 2.429%, from 2.432% on late Friday. The benchmark maturity began the year at 2.45%. The 2-year note yield ticked lower to

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U.S. goods trade deficit widens in November

  • December 28, 2017
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  • realestate

The U.S. goods trade deficit widened by 2.3% in November to $69.7 billion, the Commerce Department said Thursday. Commerce produces an “advance trade” deficit report that offers an early look on trade patterns during the month. The number reported Thursday was bigger than the $68.7 billion deficit consensus forecast. Exports rose a seasonally adjusted 3%

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Jobless claims stick to 245,000 in week before Christmas

  • December 28, 2017
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  • realestate

Initial U.S. jobless claims, a tool to measure layoffs, were unchanged at 245,000 in the seven days ended December 23. Economists surveyed had forecast claims to total 239,000. The more stable monthly average of claims rose slightly, up 1,750 to 237,750, the government said Thursday. The number of people already collecting unemployment benefits, known as

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Home-contract signings inch up in November as tight supply chokes off sales

  • December 27, 2017
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  • realestate

Pending home sales ticked up 0.2% in November, the National Association of Realtors said Wednesday. NAR’s pending-home sales index tracks real estate transactions in which a contract has been signed, but the deal has not yet been closed. November’s increase missed the consensus forecast of a 0.5% monthly gain from economists surveyed. The index reading

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