Tag Archives: Federal Reserve System

US JOBS NUMBER DECLINE. FEDERAL RESERVE BALANCE SHEET NORMALIZATION CONTINUES

By Musabbir Mazhar In the US, the jobs report came out with non-farm payrolls increasing 20,000 for the month of February 2019, which largely falls short of market consensus expectations of 192,000 jobs. This is not good news – to put into perspective, the average job increase was 223,000 each month in 2018 and 311,000 […]

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US – Canada Jobs report, USD/CAD, US Budget Surplus; Market update 17th Jan 2014

By Musabbir Mazhar The US Jobs number came out last Friday (10th Jan) at 74,000 job additions for December which has been taken by the markets as a shocker and the US 10 year treasury yields went down on the news. But more sense should be put into this- Workers weren’t looking for work for […]

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Where is the US 10 year Treasury Yield heading?

By Musabbir Mazhar I see the US 10 year Treasury yield going up to 3.10% around the next jobs report in January. The 10 year US treasury yield increased about 12 basis points from Dec 6th yield of 2.86% to 2.98% on the afternoon of Dec 24th. If the jobs report shows improvement, i.e higher […]

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Market Update, Wednesday, November 20, 2013

By Musabbir Mazhar European Central Bank (ECB) policymakers might take the deposit rate to -0.1% for lenders who deposit excess cash at ECB. The current deposit rate is zero. These policy talks are essentially to take guard against deflation. Jens Weidmann, the German Central Bank president will certainly oppose this policy as he does not […]

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