Market Overview

The 10-year Treasury yield yesterday took a breather from plumbing new record lows, but it’s not obvious that the 35-year slide in interest rates is over. The benchmark rate ticked up to 1.40%...

U.S. futures are pointing to a slightly higher open on Friday as investor focus turns temporarily away from Brexit and the Italian banking system to the June U.S. jobs report and what it means for...

The US employment data tends to be among the most important economic reports during the monthly cycle. It often injects volatility into the market. The report itself tends to be volatile and subject...

This afternoon Justice Secretary Michael Gove was eliminated from the Conservative leadership race, leaving only Home Secretary Theresa May and Energy Minister Andrea Leadsom on the ballot (see BBC )....

This week started with a big question mark. Was the despair over Brexit going to lighten, resulting in a weaker dollar, weaker yen, weaker gold, and weaker bond prices? The jury is still out, but the...

UK leadership contest narrowsThe 1.30 level’s proven to be a tough nut to crack in GBP/USD with so much negative newsflow still circulating for the pound. Despite the narrowing of the...

Today all eyes will be on the June US jobs report. We expect to see a rebound in employment growth following the worst jobs report in five years in May. The Verizon strike, which weighed negatively on...

Yields on US treasury bonds are the lowest in history. They have gone negative in countries around the world. Bank stocks in Europe have fallen 75% and even though stock markets have recovered, bank...

The NFP Report is expected to Erase Last Month’s Disappointment Due to the 4th of July holiday the ADP payrolls report and the unemployment claims were released on the same day. Both posted...

The great commodity bubble has been steadily bursting since mid-2008, but has taken a nosedive since early 2011. It’s now down 70% overall, and 80%-plus in industrial commodities like iron...

I’m getting ready to head back to the SF Bay Area, but i wanted to dash out a quick post. The best news of the day was crude finally – FINALLY!!!!! – broke support. I’ve been...

Italian banks were struggling before the UK referendum. The result drove down interest rate, which keeps margins under pressure. The prospects of weaker growth as a result of Brexit means that demand...

Private payrolls in the US increased by 172,000 in June, according to Thursday morning’s release of the ADP Employment Report. The gain, although modest by the standards of the last several...

Companies in June kept adding workers to U.S. payrolls, a private report showed Thursday, which may ease concern that the prior month’s pullback in the government’s data signaled the job...