These numbers today, plus the comments by the Fed, are still pointing to more increases by the Federal Open Market Committee in the coming months. |
This indicator isn't very high on most traders 'care index' so the market reaction remains focused on comments by anyone who the markets deem as reliable. |
Tomorrow's 30-year bond auction should attract large accounts and nostalgia buffs that have quietly politicked to get the bellwether back. |
What the curve is telling us is that a March increase is a foregone conclusion. |
While this group is still a few years away from retirement, this plus the fact that Americans are living longer requires these funds to go out further on the yield curve. |