• 14 hours What’s Next In The Trump vs. Twitter Drama?
  • 2 days Escalating Tensions Could Crush $52 Billion China-U.S. Energy Deal
  • 2 days The Fed Is Printing Money At Unprecedented Levels
  • 2 days How Is The Real Estate Market Handling COVID-19?
  • 2 days Gold Flat As Markets Await Fed Chair Speech
  • 2 days What Is Day Trading And Is It Right For You?
  • 3 days Energy CEOs See Big Payouts Despite Oil Price Crash
  • 3 days Saudi Arabia Is Fighting A War On Two Fronts
  • 3 days 40 Million Jobless As Pandemic Fuels Economic Collapse
  • 3 days What Do India's Latest Reforms Mean For Its Coal Industry?
  • 3 days Copper Glut Continues To Grow
  • 3 days How A Pandemic Made Americans Better Workers
  • 3 days The Trillion Dollar Space Race Crosses Another Milestone
  • 4 days Gold Prices Fall As Stock Market Sentiment Turns Positive
  • 4 days Conspiracy Theories Set Tone For 5G Cold War
  • 4 days Working From Home Will Transform The Energy Industry
  • 4 days The Multi-Billion Dollar Race For A Vaccine
  • 4 days Can Domestic Tourism Bolster Emerging Economies?
  • 4 days Australia Considers $100 Million Investment To Kickstart Mining Industry
  • 4 days Has Re-Opening The Economy Been Successful?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

Bernanke Reports 'Good News' on Inflation Targets; Treasury Selloff Continues on Strong ISM; 2-30 Yield Spread at Record

Treasuries Decline on Strong ISM Numbers

With a stronger than expected manufacturing ISM numbers, especially prices paid, U.S treasuries continued their slide.

Manufacturing continued to grow in January as the PMI registered 60.8 percent, an increase of 2.3 percentage points when compared to December's seasonally adjusted reading of 58.5 percent. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.

The ISM Prices Index registered 81.5 percent in January, 9 percentage points higher than the 72.5 percent reported in December and the highest reading since July 2008. This is the 19th consecutive month the Prices Index has registered above 50 percent. While 64 percent of respondents reported paying higher prices and 1 percent reported paying lower prices, 35 percent of supply executives reported paying the same prices as in December.


Bernanke Reports "Good News" on Inflation Targets

Bernanke Reports "Good News" on Inflation Targets

Today's Treasury Selloff

US Treasuries

Yield Curve Spread 30-Year Yield Minus 2-Year Yield


Larger Image

Monthly Yield Curve Since 2001


Larger Image

Symbols

  • $IRX 03-Mo Treasury Yield
  • $FVX 05-Yr Treasury Yield
  • $TNX 10-Yr Treasury Yield
  • $TYX 30-Yr Treasury Yield

The chart depicts monthly CLOSES of treasury yields. Unfortunately E-Signal does not have a symbol for 2-year treasuries. StockCharts does, but it cannot produce that chart.

The yield curve is artificially steep as Bernanke continues to rob savers for the benefit of banks.

For thoughts on how Bernanke is hurting those on fixed income, please see Hello Ben Bernanke, Meet "Stephanie"

 

Back to homepage

Leave a comment

Leave a comment