Author Archives: Tipswatch

I have pretty much lost my appetite for Thursday’s auction of a new issue 10-year Treasury Inflation-Protected Security. Why? It’s hard to swallow a jawbone. The jawboning has been coming from Federal Reserve Chairman Ben Bernanke, who last Wednesday afternoon … Continue reading →

U.S. inflation took a sharp tick upward in June, rising 0.5% on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Analysts were expecting an increase of 0.3%. This is ‘headline’ inflation, technically called the Consumer Price … Continue reading →

Federal Reserve Chairman Ben Bernanke might have been feeling a little guilty about being so honest about the Fed’s  future ‘tapering’ of purchases of Treasury bonds. Bernanke’s heads-up (once in May and again in June) resulted in a dramatic increase … Continue reading →

The U.S. Treasury will announce tomorrow that it will be auctioning a new-issue 10-year Treasury Inflation-Protected Security on July 18. This will be CUSIP 912828VM9. The coupon rate and yield to maturity will be set at auction. Update: Here is … Continue reading →

Soon after I woke up Friday morning, I heard on the radio that the U.S. economy had created 195,000 jobs in June and many more in April and May than was previously thought. My immediate thought was: “Ooops, that won’t … Continue reading →