by Gary S. Morrow | Aug 16, 2019 | Chart of the Day, Commentary
The yield on the 30 Yr. U.S. Treasury Bond is at record lows. On Wednesday the TYX(CBOE 30 Yr. Treasury Yield Index) fell below the previous all time lows set back in July of 2016. There has been a slight bounce off Thursday’s early lows but the TYX is headed...
by Gary S. Morrow | Aug 14, 2019 | Commentary
There sure has been a ton of analysis regarding the inverted yield curve. The 2 year/10 year inversion ‘may’ indicate trouble ahead. Using this inversion as a timing device has proven to be quite frustrating. A lot can happen in the next 20 months, as in...
by Gary S. Morrow | Aug 8, 2019 | Chart of the Day
The 30 Year Mortgage Rate has returned to levels not seen since Q4 of 2016. Hat tip Charlie Bilello of Pension Partners.
by Gary S. Morrow | Aug 7, 2019 | Charts, Commentary
The 2.2% to 2.1% area has marked major lows in the long end(30 Year Treasury Yield). The 30 yr. yield has collapsed in August. At today’s low the TYX is at 2.15%. This area has produced major lows since the Fed’s tightening cycle began in the 4th quarter...
by Gary S. Morrow | Jul 5, 2019 | Market Update
June employment numbers came in better than expected. The Lede: Economists said Friday’s June jobs report showed a labor market that was “roaring back,” with the U.S. creating 224,000 jobs, easily beating the 170,000 forecast. More: “The strong June jobs numbers...
