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Posts Tagged ‘Treasuries’

S&P 500 drops 15% for the week

Let me emphasize that "for the week." The storm of bad news continued today with the European Union saying that the 2020 recession in that bloc may be as bad as 2009. Goldman Sachs warned that the U.S. economy may shrink 24% year over year in the second quarter. Oil fell again with government announcements […]

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Stocks fall again as WHO declares coronavirus pandemic, White House fails to deliver stimulus plan–no place to hide outside of Treasuries and the yen

As of 1:45 p.m. in New York the Standard & Poor's 500 is down 4.62% and the Dow Jones Industrial Average is off 5.13%. The NASDAQ Composite is lower by 4.40% and the Russell 2000 small cap index, with its heavy load of smaller U.S. oil producers, has lost 5.23%. Speaking of oil, U.S. benchmark […]

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Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…

...the stock market to hang on conditions in the credit markets--and not in a good way. While, normally (historical archives do indeed confirm that there once were normal times), falling bond yields push stock valuations higher (lower yields make stock more attractive in theory) , right now falling Treasury yields signal fear in many corners […]

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Credit markets are even uglier than stock markets

By now I assume you know that today was another brutal day for U.S. stocks (although markets moved up significantly in the last hour.) The Standard & Poor's 500 closed down another 1.71% and the Dow Jones Industrials dropped 0.98%. The NASDAQ Composite was lower by 1.87% and the Russell 2000 small cap index continued […]

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What now for Treasuries and their ETFs? Should you be buying even at record low yields? I’m adding shares of Vanguard’s 1-3 year Treasury ETF

I'd wager that almost nobody today is buying U.S. Treasuries for their yield. The yield on the 10-year Treasury broke below 1% to 0.9043% for the first time EVER. The 10-year finished the day with a yield of 1.01%. The yield on the 2-year Treasury fell to a low of 0.6223% before closing at 0.71%. […]

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Will the computers kick in tomorrow to the upside?

On the comment board for my Friday night post on the odds of a March 18 interest rate cut, Jem, a reader and prolific, insightful, and valued poster of comments, noted that the market has now reached a 61.8% retracement from recent highs to the December  2018 low. That's a technical level that we can […]

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For another day the Federal Reserve rallies the market

It was just four sentences--“The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. The Federal Reserve is closely monitoring developments and their implications for the economic outlook. We will use our tools and act as appropriate to support the economy.” And with that Federal Reserve chair Jerome […]

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Today’s attempt at a bounce doesn’t hold–S&P 500 closes down in New York

This morning it looked like U.S. stocks would bounce from the drop of Monday and Tuesday--about 6% on the Standard & Poor's 500. As of 10:51 a.m. New York time the index was up 1.64% to 3182.08. But that has turned out to be the high of the day. By 12:18 p.m. the index was […]

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Market wakes up to coronavirus threat–it’s not just China anymore

What's different this week? Why is the market plunging today on coronavirus fears when last week it shook off the news? Because the last few days have brought news that the coronavirus isn't limited to China anymore. From Italy comes a report that the Armani fashion show will go virtual since Milan is a hotspot […]

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Saturday Night Quarterback says (on a Sunday), For the week ahead expect…

... the worsening news on the spread of the coronavirus to push yields on U.S. Treasuries even lower as investors and traders look for safe havens. On Friday the yield on the 30-year Treasury set a new all-time low below 1.90% before closing the day at 1.91%. The yield on the 30-year bond has fallen […]

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