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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Treasury prices retreated Tuesday, continuing to send yields higher, as investors continued to pile back into stocks and other assets perceived as risky at the expense of traditional havens like government bonds. The yield on the 10-year note climbed 5.6 basis points to 2.3330%, briefly approaching the two-week high of 2.315% before heading lower. The
READ MOREAn inflation index known as PCE rose 0.1% in February, bringing the increase over the past 12 months to 2.1%. It’s the first time the yearly rate of inflation topped 2% since March 2012. The PCE index is the preferred tool for the Federal Reserve to measure inflation. The rate of inflation is now above
READ MOREU.S. house prices continued to show no signs of slowing, hitting their highest in nearly three years as demand remains hot, especially in the Pacific Northwest and Dallas. The S&P/Case-Shiller 20-city index rose 5.9% in the three-month period ending in February compared to the same period a year ago, an acceleration from its 5.7% yearly
READ MORETreasury Secretary Steve Mnuchin confirms Trump administration aims to lower the corporate tax rate to 15 percent, saying a forthcoming proposal will constitute the ‘biggest tax cut’ for Americans in history.
READ MOREMarch UofM Consumer Sentiment Index 96.9 vs. estimates of 97.6. A slight miss, but still at elevated levels..not a major factor in pricing for interest rates today.
READ MORENew orders for U.S. durable goods rose 0.7% in March to mark the third straight gain, though demand was inflated by new bookings for fighter planes and passenger aircraft.
READ MOREMarch Chicago PMI 57.7 vs. estimates of 56.5. This is a red-hot reading and generally negative for pricing, but today we re moving better for interest rates leading into the weekend.
READ MOREThe number Americans who recently lost their jobs and sought unemployment benefits rose last week to a one-month high, though the increase appeared largely concentrated in New York state. Initial jobless claims jumped by 14,000 to 257,000, the Labor Department said Thursday.
READ MOREHousing affordability continues to slip lower, hitting levels not seen since 2008 and 2009. More housing markets are slipping below historical levels and homeownership is becoming out of reach for many as average incomes can’t keep up with growing home prices.
READ MOREEuropean Central Bank left interest rates unchanged and made no adjustments to its monetary guidance.This guidance disappointed some traders who had bet that it might signal that interest rates could soon rise, despite the central bank’s warnings to the contrary.
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