10-year Treasury yield rebounds off November lows, after jobs report, Syria

  • April 8, 2017
  • no comment
  • realestate

Treasury yields bounced off session lows on Friday as investors looked past a U.S. airstrike in Syria late-Thursday and lackluster data from the Labor Department on March employment to push yields higher, in a week fraught with geopolitical events. Yields for 10-year notes fell 3.2 basis points to 2.375%, the yield had slipped below 2.271%—the

READ MORE

Fed won’t be pushed off course by March payroll data

  • April 8, 2017
  • no comment
  • realestate

The weaker-than-expected headline from the March jobs report will not deter the Federal Reserve from raising short-term interest rates twice more this year, economists said. The March data won’t knock them off course. The U.S. created just 98,000 new jobs in March, economists say the data is not a signal that the U.S. economy is

READ MORE

Treasury yields edge up as Fed reiterates commitment to rate hikes

  • May 3, 2017
  • no comment
  • realestate

Federal Reserve keeps rates unchanged as expected Treasury yields moved up after the Fed decided to keep rates steady but indicated it still intends to hike them at least two more times this year. The yield on the 10-year note rose 0.7 basis point to 2.298% after the announcement, adding to a modest rise seen

READ MORE

Fed leaves rates unchanged, calls 1st-quarter weakness ‘transitory’

  • May 3, 2017
  • no comment
  • realestate

The Federal Reserve on Wednesday voted 9-0 to leave its benchmark interest rate at 0.75% to 1%, but the FOMC also indicated it’s still on track for two more rate increases in 2017. The Fed said the sharp slowdown in first-quarter GDP resulting from a falloff in consumer spending is “likely to be transitory.” The

READ MORE

U.S. initial jobless claims sink 19,000 to 238,000

  • May 4, 2017
  • no comment
  • realestate

Initial U.S. jobless claims fell by 19,000 to 238,000 in the last week of April, the government said Thursday. Economists polled by MarketWatch has expected new claims to total a seasonally adjusted 245,000 in the seven days stretching from April 23 to April 29. The more stable monthly average of jobless claims rose by 750

READ MORE

U.S. trade deficit with Mexico highest since 2007

  • May 4, 2017
  • no comment
  • realestate

U.S. trade deficits with Mexico and Japan hit the highest levels in March in almost a decade, though the nation’s trade gap overall was virtually unchanged. The deficit dipped 0.1% to $43.7 billion in March to reach a five-month low, the Commerce Department said Thursday. Economists polled by MarketWatch had forecast a $44.5 billion gap.

READ MORE

U.S. productivity slumps in first quarter

  • May 4, 2017
  • no comment
  • realestate

The productivity of American firms and their employees fell in the first quarter at the fastest rate in a year, reflecting a cutback in the amount of goods and services made available to customers. U.S. productivity — the key to a higher standard of living — declined at a 0.6% annual pace in the first

READ MORE

Treasury yields rise as investors look ahead to June rate hike

  • May 4, 2017
  • no comment
  • realestate

Treasury prices fell Thursday, allowing yields to continue their rise a day after Federal Reserve policy makers indicated the central bank would gradually hike rates this year, helping to overcome some investor’s suspicions that weak economic data would stay the Fed’s hand on future increases.

READ MORE

Fed returns to pulpit with six speeches Friday

  • May 4, 2017
  • no comment
  • realestate

There will be six Federal Reserve officials speaking on Friday and economists will be listening for clues about balance-sheet policy. The central bank did not shed any new light on the internal discussions on its plans to reduce its $4.5 trillion balance sheet on Wednesday.

READ MORE

Consumer sentiment plummets after Comey testimony, University of Michigan says

  • June 16, 2017
  • no comment
  • realestate

The UMich consumer sentiment gauge fell to 94.5 in early June from 97.1 in May. Economists surveyed by MarketWatch had expected a slight increase to 97.3. Instead, it is the lowest reading since November.

READ MORE

Subscribe to Newsletter

Get weekly updates on mortgage rates, finance, lending and real estate.