Bond yields edge higher after bull flattening

06:14am, Friday, 12'th May 2023
Bond yields edged higher on Friday, even amid data showing a deteriorating jobs market, slowing price pressures and regional bank difficulties.
The numbers: The Federal Reserve said Thursday its emergency lending to banks rose to $92.4 billion in the week ended May 10 from $81.1 billion last week.
A bearish “death cross” has appeared in the daily chart of the 10-year Treasury yield, to reflect the end of the longest bullish stretch by one technical metric in more than 30 years.
Stocks risk slumping in the debt-ceiling showdown, but investors probably will still want long-term Treasurys if 2011's battle over the U.S. borrowing limit is any guide, according to Sevens Report Re
If the federal government defaults on its debts, mortgage rates would climb, home sales would plummet and a housing market that's already unaffordable for many potential buyers would get much farther
The numbers: Mortgage rates fell for the second week in a row amid expectations of inflation slowing over the rest of the year.
Blackstone Group Inc. BX is negotiating a role as a party in regional-bank loans, the private equity firm's president Jonathan Gray said in an interview with the Financial Times published Thursday. Bl
I expect many more dividend cuts in the coming quarters. Office REITs are facing a perfect storm.
Investors will be keeping an eye on the U.S. producer prices data, due at 8:30 a.m., for confirmation of easing inflationary pressures in the economy.
Blackstone Inc , Apollo Global Management were among the bidders for some assets of bankrupt Silicon Valley Bank, the Federal Deposit Insurance Corporation (FDIC) said on Wednesday.
The numbers: The U.S. federal budget surplus fell to $176 billion in April, down from a record $308 billion in the same month last year, the Treasury Department said Wednesday.
There is less than a month before the earliest date when Treasury Secretary Janet Yellen says the federal government could be unable to pay all its bills, and meet all its debt obligations.

Falling mortgage rates boost demand for mortgages

07:00am, Wednesday, 10'th May 2023
The numbers: Mortgage rates fell as the U.S. Federal Reserve signaled a potential pause in interest-rate hikes. Home buyers took advantage of the opportunity, boosting demand for mortgages.
Spending on big ticket items like cars and houses normalized a while ago. But in Airbnb's pedestrian outlook, is there finally a sign that revenge travel after the pandemic has reached its peak?
Bond yields were mildly mixed early Wednesday as traders kept their powder dry ahead of U.S. inflation data.
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