Aside from the 1.0% m/m jump in personal income – which beat expectations of a 0.4% m/m rise – the US January Personal Income and Outlays report was broadly in line with consensus estimates. Nominal personal spending…

  In a recent report, our US Bond strategists argued that while the year-to-date increase in yields has made Treasures more attractive, conditions are not yet in place to extend duration. Instead, they expect that there will be a…

  BCA Research’s Global Investment Strategy service’s US equity model, Stock Coach, has become more bullish on the near-term prospects for the S&P 500. The model’s short-term (1-to-3 month) equity score…

  US GDP growth for Q4 was revised lower from 3.3% to 3.2% annualized, driven by a downward revision to private inventory investments (now detracting 0.27 points from a previous 0.07 contribution to GDP). However, consumer spending…

  New Zealand government bonds rallied, and the NZD was the worst performing major currency on Wednesday following the Reserve Bank of New Zealand’s (RBNZ) policy announcement. Although the central bank’s decision to…

  On the surface, the latest Taiwanese export orders release delivered a positive signal on the global trade cycle. The 1.9% y/y expansion in January marks a significant improvement from the 16.0% contraction in December. Moreover…

  Earlier this year it looked like the spread between the rate of 10-year and 2-year Treasury notes was heading toward positive territory. Yet the 2s/10s spread peaked at -16 bps on January 16 and the inversion has been deepening…

  The US Conference Board’s February Consumer Confidence release surprised to the downside. The index decreased to 106.7 from a downwardly revised 110.9, disappointing expectations it would improve to 115.0. Consumers’…

  Japan’s CPI inflation dropped from 2.6% to 2.2% y/y in January. However, the sharp slowdown comes on the back of falling energy prices. Meanwhile, the BoJ’s core-core measure of underlying inflation (CPI excluding…