U.S. housing starts

Bond Yields, Stocks, and Dollar Higher

May 19, 2015

The dollar strengthened 1.4% against the euro, 1.0% versus the Swiss franc, 0.8% relative to sterling, 0.6% vis-a-vis the Canadian and Australian dollars and 0.2% versus the kiwi.  The yuan held steady. Ten-year Treasury and British gilt yields are four and three basis points firmer. Equities in the Pacific Rim rise by 3.4% in China, […] More

Setback for France, Good News from America

November 20, 2012

Moody’s withdrew France’s top-grade sovereign credit rating.  S&P had already done this some time earlier, and coincidentally the cover story of this week’s Economist presents an alarming portrayal of France as “the time-bomb at the heart of Europe” and the “biggest danger to Europe’s single-currency.”  Moody’s cited structural problems such as France’s persistent erosion of […] More

css.php