Treasury yields dropped moderately amongst longer term yields over the course of the week despite higher inflation numbers and strong economic reports. On Tuesday, the Consumer Price Index rose 0.6%, which was the largest monthly surge since 2012, beating analyst expectations of 0.5%. However, Treasury yields dropped moderately on Tuesday as many bond investors were already pricing in significant inflation, resulting in strong demand for an auction of 30-year Treasurys. On Thursday, Retail Sales rose 9.8%, compared to analyst expectations of 5.0%, but bond investors looked past this report again as yields dropped. Federal Reserve Chairman Jerome Powell said that tapering of asset purchases would come “well before” an increase in interest rates, suggesting that accommodative policies from the Fed would remain for a while. Initial Jobless Claims were 576k, which was well below analyst expectations of 700k.
Building a Solid Financial Foundation: Retirement and Estate Planning Tips for Your 20s and 30s
When you’ve got time on your side, it’s easy to forget that’s your greatest asset. If you’re in your 20s or 30s, planning for retirement
