Well we got through the consumer price index (CPI) without a problem as numbers came in either on target or slightly better. That is if you believe the numbers since the survey of prices has been cut back because of a shortage of folks to gather them. It is what we have to work with right now so I guess we have to use the numbers released.
In about 15 minutes we will see what happens with the 10 year treasury auction–the offering is for $39 billion in notes. Are buyers out there at current rates?
As I mentioned I am doing nothing–just watching–it is boring, but he right move for me at this time.
Just read the thread. It is a bit after 2PM EST, looked at the 10 year Treasury and rates down 6.2 basis points, fwiw.
Inflation numbers good today too.
But with little effort always something to worry about. Always.
PPI just came in less than expected. 10 year Treasury rates further drop by a bit at this time. Shelves also not bear by any means.
Anyhow the more people worry, or panic usually means after the worry subsides, more gains for those that did not.
Ok good luck to all.
I’m not sure which alarmist out there is scared of lack of interest out there for US 10yr. Right now, among the high quality nations, US 10yr debt is a no brainer (along with UK). If it ever gets to 5%, The boomers will pile into that like crazy as its 1% above the 4% rule for withdrawals they have all been drilled on for their entire lives.
don’t dump on boomers –
we were born this way
D, no worries, so am I. lol
I must have missed the 4% rule in econ class. In fact, we couldn’t imagine yields being that low. I was approaching my 40s before the 10yr dropped below 5% in 1998. Now, with unrestrained national debt, I would view 5% on the 10yr as a caution flag and stay at the short end.
Treasury auction results just out – first two headlines in the news feed – two different spins
1 – Treasury auction attracts slightly below average demand
2 – US Treasury sees strong interest in 10 year auction
Personally, I like source #1 because it mentions previous bid to cover ratios rather than hip-shooting an AI headline. Lets see which spin the market believes. JMO. DYODD
Tim; I meant to ask you did you buy into the UMB BANK preferred??? If so, would you view that one as a “Sock Drawer” holding??? I have not bought it but still thinking about it. It seems by the metrics that they are a pretty good bank. Tell me if Iam wrong.
“… if you believe the numbers…” The numbers have never been reliable. At least gathering them will now cost us less.