Mostly sideways at this point. Long term trend higher.
Posted by Don on Apr 6, 2010
Yesterday’s increase was significant enough to see a little bit of a pullback overnight. Plus the news is favorable today, such that a significant increase today isn’t anticipated. Overnight, Greece requested to amend the EU agreement on its bailout, citing too severe a set of restrictions, causing social unrest. This caused unrest in the Euro market, and money flowed into US...
Read MoreBeware, the Government-only Students Loans
Posted by Don on Apr 5, 2010
This is not to debate the political wisdom or not, of rolling Student Loans into a Government-only control (as has just happened under the new Health Care bill). This is just a quick, little blog to discuss something that I’ve not heard mentioned on this issue, to date. And those who are contemplating such loans would be prudent to keep this in consideration: Formerly, any neighborhood...
Read MoreHere we go… Rates higher.
Posted by Don on Apr 5, 2010
Treasuries are trading significantly higher today — at their highest interest rates in six months. Several factors are pressing this: Expectation that the Federal Reserve is going to raise interest rates, in part because of a Labor Department report last week showing US companies added 162,000 workers in March (compared to a 36,000 loss in February), and an expected report today that will...
Read MoreRates trending sideways
Posted by Don on Apr 2, 2010
Might be a slight tick downward in rates, as Fed next week is expected to explain away, as not indicative, a bigger-than-expected recent Non-farm Payroll report. Technically, 10 yr Treasury is slightly oversold. (i.e., expects momentum toward purchase, which moves prices up, and interest rate (yield) down. (See note #2) Note: Explanation of the use of the term “Technically”. Stocks and bonds...
Read MoreSpending
Posted by Don on Mar 30, 2010
This post, as distinguished from the previous initial, longer post, will be a little more week-in-review like: Even so, it still relates to our spending, and where we go in the large picture, economically. Last year, for almost every single week, the US was selling about $9B of bonds in the marketplace weekly. Last month, over a three day period, we sold something like $130B — a...
Read MoreThe times we’re in.
Posted by Don on Mar 30, 2010
This is long post — much longer than I plan to put here on a general basis. But this will give a good foundation for everything that’s yet to come, as it resides there in the archives. It’s a post about where I think we are generally going to go with rates (and why) — largely because of the times we’re in. Most of the posts after this one should be more on a daily...
Read MoreWelcome to the blog!
Posted by Don on Mar 30, 2010
Our host site, DonChinnici.com is dedicated to multi-faceted financial services: Debt reduction, wealth accumulation, commercial and residential mortgages, and some very creative solutions to today’s main issues. In that setting, I normally follow the interest rate news pretty closely — and have a few opinions of my own as to what is financially smart, and not so smart — on...
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