Sin(a)tra

Key Events This Week: Jackson Hole. Nvidia Earnings And Core PCE As we start a new weeks, the upward pressure on long-end bond yields from last week has shown initial signs of easing. Indeed, the 30yr Treasury yield is down -5bps overnight to 5.22%, whilst the 10yr yield is down by the same amount to 4.69%. That’s been supported by an announcement by the Treasury to CNBC that some/all of the cash in the Treasury General Account may be used to fund buybacks (bringin the US ever closer to Yield...

BRICS Urges 'Maximum Restraint' As US-Iran War Tests Unity At New Delhi Summit Authored by News Desk via The Cradle, The BRICS group of nations adopted a joint declaration on 12 September, expressing "deep concern" over the ongoing conflict between the US and Iran and urging "maximum restraint" as part of a "multilateral approach" that respects national viewpoints. (Photo credit: BRICS) The declaration was adopted on the first day of the BRICS leaders' annual summit in New Delhi. "We express deep concern over the continued escalation of tensions in Middle East/West Asia and, recalling...

Renter Nation Returns? Multi-Family Unit Starts & Permits Soar In April On the back of a small uptick in homebuilder confidence (though still languishing)... ...Building Permits jumped notably (+5.8% MoM vs +2.5% exp) in preliminary April data (while Housing Starts dipped 2.8% MoM, though less than the 5.2% MoM decline expected)... The pace of starts and permits on a SAAR basis has remained flat for four years... Multi-family unit starts and permits soared in April... As single-family home starts stagnate... It appears builders believe that 'Renter Nation' is on its way back. ...