Inverted Yield Curve Worries Are Back at the Market

Inverted Yield Curve Worries Are Back at the Market

An inverted yield curve, which can indicate that a recession could be forthcoming, is reentering the current financial vernacular once again and sparking fears in the bond markets. The gap between the 3-month and 10-year Treasury yields fell to less than 5 basis points, according to a CNBC report. This was seen last May until it reverted back in October. Per the report, the “New York Fed tracks the relationship and establishes a probability based on the spread. As 2019 ended, the recession chance stood at 23.6%, still elevated but…

Economy Is Stable Despite Public Health Emergency

The stock market continues to react to coronavirus headlines on a daily basis – with both negative and positive market swings. As the death toll rises (primarily in China at the moment), the fact that this is a human tragedy and not just an economic or financial one should not be diminished. However, from an investment perspective, it’s important to not over-react to daily headlines, especially ones that are extremely uncertain. While the impact on the Chinese and global economies won’t be known for a long time, recent data suggest that the U.S. economy is…

Japan M2 Money Stock Rises 2.8% On Year

The M2 money stock in Japan was up 2.8 percent on year in January, the Bank of Japan said on Wednesday – coming in at 1,042.9 trillion yen. That exceeded expectations for an increase of 2.7 percent, which would have been unchanged from the December reading. The M3 money stock was up an annual 2.3 percent at 1,379.1 trillion yen – unchanged and matching forecasts. The L money stock rose 2.7 percent to 1,834.1 trillion yen, up from 2.6 percent in the previous month. For comments and feedback contact: editorial@rttnews.com…

SBI Cards IPO: SBI Cards gets Sebi nod for IPO; issue value seen at Rs 9,000-10,000 crore

Mumbai: The Securities and Exchange Board of India (SEBI) has given its approval for the initial public offer (IPO) of SBI Cards and Payment Services, the cards unit of the State Bank of India (SBI), two sources close to the development said on Tuesday. The company may raise Rs 9,000 crore to Rs 10,000 crore, they added. The IPO is likely to hit the market towards the end of this month. Earlier, SBI chairman Rajnish Kumar had said the IPO was likely in the current quarter. According to the DRHP…

Will Crude Oil Hold $50 or Continue Lower?

Oil plunges 24.9% is under one month NYMEX crude oil futures fall to new lows on calm in the Middle East and Coronavirus- OPEC is in the background A level to watch on the downside at the end of March following the bearish reversal in January Crude oil is the energy commodity that powers the world. While the use of alternative fuels that are more environmentally friendly is rising and will continue to take market share away from the fossil fuel, oil remains the most significant source of energy for…