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30 Yr FRM	3.87%	0.00%
15 Yr FRM	3.16%	0.00%
1 Yr ARM	2.84%	0.06%
5/1 Yr ARM	2.82%	-0.01%
30 YR	3.14%	0.05%
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Home Foreclosures Rise Again

After a year-long respite, foreclosures are back on...

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The Day Ahead: Trading Mixed Ahead of Labor Data, Bernanke Testimony

Stock futures are mixed ahead of a light Thursday. Aside from the weekly jobless claims report, only one other release is on the schedule and it’s the final revision to Q1 GDP. With markets characteristically looking ahead the revisions for January to March are unlikely to carry much weight. However, at 10:00 Fed chairman Ben Bernanke will face questions about the acquisition of Merrill Lynch by Bank of America. Given that it’s just a day after the Fed’s latest policy statement...

Published Thu, Jun 06 2009 8:13 AM by Patrick McGee

Filed under: ben bernanke, gdp revisions, weekly jobless claims
The Day Ahead: Futures Point Upward on Slow Friday

Friday won’t see a single data release, but there’s plenty on the minds of investors as worries abound that the U.S. currency could lose its AAA-rating . In addition, two gloomy speeches from central bank officials Thursday evening brought the U.S. dollar down a notch overnight. Federal Reserve chairman Ben Bernanke speaks to graduates of Boston College Law School at 2pm, but there’s no Q&A. Judging by his graduation speech to Harvard last year, there’s little potential...

Published Fri, May 05 2009 8:29 AM by Patrick McGee

Filed under: charles plosser, ben bernanke, bill gross
Fed's Lockhart Offers Cautious View of Economy

Stock markets opened higher on Tuesday morning, even as one Federal Reserve official commented that while some conditions have improved, the crisis is not over. "I believe that conditions are now calmer but it is too soon to breathe easy," said Dennis Lockhart , President of the Boston Federal Reserve, in opening remarks to a conference in Jekyll Island, Georgia. All three major indexes opened higher on Tuesday. However, the S&P 500, Dow, and Nasdaq each fell into negative within the...

Published Tue, May 05 2009 9:51 AM by Patrick McGee

Filed under: dennis lockhart, ben bernanke
The Day Ahead: Trade Balance Expected to Widen

Tuesday opens with the release of the U.S. Trade Balance at 8:30 am EST. Following a deficit of $26 billion for February, the deficit is expected to widen slightly to $27.5 billion in March. The deficit has been shrinking dramatically in recent months, which is usually considered good news, but the recent decrease has been a result of falling exports and collapsing oil prices, rather than fewer imports, so the numbers are up for interpretation. Michael Gregory from BMO Capital Markets noted the February...

Published Tue, May 05 2009 8:21 AM by Patrick McGee

Filed under: ben bernanke
The Week Ahead: Retail Sales, Industrial Production, CPI

Highlights: The week begins with a slow start as no data will be released on Monday. Markets will likely look for news of how $75 billion will be raised by the ten banks in need of extra capital, as per the Stress Tests published last Thursday. Financial shares soared 23% last week, boosting U.S. markets 5.9% even with Friday’s news that more than half-a-million jobs were lost in April. In 2009 so far, the S&P 500 has advanced 4.33% to 929.23, just below its 40-week moving average of 943...

Published Mon, May 05 2009 8:47 AM by Patrick McGee

Filed under: retail sales, cpi, ben bernanke
The Day Ahead: Bernanke Testifies, ISM Services Released

If the gains from Monday can hold through Friday, the Nasdaq will see its ninth straight week of gains. The decisive day will be Friday, as markets will be digesting the Thursday afternoon results of the Stress Tests just as the official Employment Statistics are posted for April. Tuesday shouldn’t be ignored though, as a key survey of the service sector is released at 10 am, just as the chairman of the Federal Reserve testifies to Congress. The day also includes speeches from two Fed presidents...

Published Tue, May 05 2009 8:24 AM by Patrick McGee

Filed under: fomc, ben bernanke, ism non-manufacturing
The Week Ahead: Stress Tests to Rock Markets Ahead of Employment Data

Markets shrugged off the third quarter of GDP contraction last week, as manufacturing conditions improved slightly and consumer confidence surprisingly advanced. The first week of May promises to be just as exciting, with the results of the Stress Tests to be posted Thursday afternoon. The data highlight this week is the Employment Report on Friday. Analysts expect that 625,000 jobs were clipped from the U.S. economy in April, marking the 16th straight month of losses. Forecasts could change based...

Published Mon, May 05 2009 8:06 AM by Patrick McGee

Filed under: unemployment, pending home sales, ben bernanke, stress tests
Monday's Events: Fed-Speak Highlight of the Day

In the absence of any major economic data from any of the G7 nations on Monday, it falls to speakers to fill the day's main economic events, with markets receiving comments from Chicago Fed President Charles Evans and Fed Chairman Ben Bernanke . At...

Published Mon, Apr 04 2009 6:52 AM by CEP News Feed

Filed under: charles evans, ben bernanke
Bernanke Says U.S. Dollar Will Remain Dominant Currency

The U.S. dollar remains the dominant world currency and U.S. Treasuries remain a sound investment, Federal Reserve Chairman Ben Bernanke said in Atlanta, Georgia on Tuesday. In a Q&A session after his speech, the text of which was already released...

Published Tue, Apr 04 2009 3:03 PM by CEP News Feed

Filed under: ben bernanke
Fed's Bernanke Sees "Tentative Signs" Economic Contraction Is Slowing

The U.S. is undergoing the worst financial crisis since the Great Depression, but there are some " tentative signs that the sharp decline in economic activity may be slowing," according to Fed Chairman Ben Bernanke on Tuesday. In a speech leaked...

Published Tue, Apr 04 2009 8:07 AM by CEP News Feed

Filed under: ben bernanke
Fed to Continue Using All Available Tools to Restore U.S. Economy, Chairman Says

The Fed will continue to use all available tools to restore the U.S. economy, and remains confident that its goals can be achieved, Fed Chairman Ben Bernanke said while delivering closing remarks at the Richmond Fed's Credit Market Symposium on Friday...

Published Fri, Apr 04 2009 12:13 PM by CEP News Feed

Filed under: ben bernanke
Tuesday's Events: Fed's Bernanke & Treasury's Geithner Face the House

Testimony from Fed Chairman Ben Bernanke and U.S. Treasury Secretary Timothy Geithner will be the main focus of the day in the aftermath of unprecedented actions taken by both the Federal Reserve and the U.S. government over the last week. At 10 a.m....

Published Tue, Mar 03 2009 7:03 AM by CEP News Feed

Filed under: timothy geithner, ben bernanke
Fed Will "Forcefully Deploy" Arsenal to Fight Crisis, Says Bernanke

The Federal Reserve will continue to "forcefully deploy" its entire arsenal to fight the finance crisis, Fed Chairman Ben Bernanke said while speaking in Dillon, South Carolina on Saturday. While his speech contained no other comments on monetary...

Published Sat, Mar 03 2009 4:57 PM by CEP News Feed

Filed under: ben bernanke
Tuesday's Events: BOC Rates, Pending Home Sales, Fed Speakers

A rate decision from the Bank of Canada, the release of U.S. auto sales data for February and a barrage of central bank and government speakers are the main events of the North American session, while European market participants will focus on comments...

Published Tue, Mar 03 2009 6:52 AM by CEP News Feed

Filed under: timothy geithner, pending home sales, ben bernanke, nar
Wednesday's Events: More Testimony from Bernanke; Existing Home Sales

More testimony from Fed Chairman Ben Bernanke , along with U.S. January existing home sales, are likely to dominate the day's economic events. However, the U.S. Department of Energy's weekly oil inventories and the U.S. Treasury selling $32 billion...

Published Wed, Feb 02 2009 6:50 AM by CEP News Feed

Filed under: existing home sales, ben bernanke

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Archives

The Day Ahead: Trading Mixed Ahead of Labor Data, Bernanke Testimony

The Day Ahead: Futures Point Upward on Slow Friday

Fed's Lockhart Offers Cautious View of Economy

The Day Ahead: Trade Balance Expected to Widen

The Week Ahead: Retail Sales, Industrial Production, CPI

The Day Ahead: Bernanke Testifies, ISM Services Released

The Week Ahead: Stress Tests to Rock Markets Ahead of Employment Data

Monday's Events: Fed-Speak Highlight of the Day

Bernanke Says U.S. Dollar Will Remain Dominant Currency

Fed's Bernanke Sees "Tentative Signs" Economic Contraction Is Slowing

Fed to Continue Using All Available Tools to Restore U.S. Economy, Chairman Says

Tuesday's Events: Fed's Bernanke & Treasury's Geithner Face the House

Fed Will "Forcefully Deploy" Arsenal to Fight Crisis, Says Bernanke

Tuesday's Events: BOC Rates, Pending Home Sales, Fed Speakers

Wednesday's Events: More Testimony from Bernanke; Existing Home Sales

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