Mark Gaynor QFA

Discover the essential role CPI plays in risk management! 🚀 Stay ahead in the ever-changing financial landscape. Learn more here: https://okt.to/Zvh5dT

Top Terminologies in Periodic Loan Statements to Understand Your Financial Transactions - https://ow.ly/8rOW50Sfofp

Happy Monday! Ahead of a big risk-filled-event week, Mortgage Bonds were up slightly by the end of the day and rates slightly lower. Bank of Japan Governor Ueda said that if underlying inflation continues to go up, they will likely be raising rates. They also said that they would like to find both a way and timing to reduce Japanese Bond purchases. If this were to happen, it could mean higher Japanese yields, which may have an influence on pressuring other global yields higher. One of the biggest factors impacting the bond markets is the heavy Treasury supply. This week’s dollar amount is at a total of $183B with $69B 2s on Tuesday, Wednesday $70B 5s and $44B 7s on Thursday. Can you believe that a 2 Year Treasury Note is getting 5%. The 10 Year Treasury Yield is 4.7%. Yes, we still have an inverted yield curve!! Two items to mention: 1) This has been the longest period since we have reported the yield curve and still no word about a recession. 2) The spread is narrowing which some crystal ball gazers are commenting that this is positive news from the perspective that maybe we don’t get a recession. Time will tell. Please look at the calendar below…The high-impact inflation reading Core PCE will be released on Friday and is the Fed’s favorite gauge and is expected at 2.6% year over year. Although backward-looking, the first read on Q1 2024 GDP will also be delivered. There were no economic reports due for release today. Ahead of next week’s two-day Fed meeting with the statement being released on Wednesday, May 1, there will be no Fed Speak until Thursday, May 2. Chicago Fed Governor Austan Goolsbee said last Friday that progress on inflation has stalled and that it makes sense to wait before cutting rates. He said you never want to overreact to one reading, but the last three readings cannot be ignored. His comments are significant as he has been one of the more dovish Fed members, and even he wanted to cut rates now. Inflation pressures continue to weigh on the bond markets because it is such a mixed picture. The good news - wages continue to come down and many parts of inflation are very low. But - shelter/rent, insurance (auto and home) and travel remain stubbornly high. And there is a very real fear of oil moving higher and messing things up further. A third factor could be held in the stock markets with big tech earnings on tap this week ... Facebook (Meta), Microsoft and Google (Alphabet) to name a few. Depending on this week’s events, prices and yields should be directly impacted and we will be closely scrutinizing the numbers and headlines. https://lnkd.in/gaVd8EJU

Effective Methods for Calculating Interest Rates on Fixed Deposit Accounts

Week in Review: UK Economy Bounces Back In the US, initial filings for unemployment benefits have surged to their highest level since late August 2023, suggesting a potential shift in what has otherwise been a robust labour market. Read the full market update here: https://ow.ly/uXyE50RE3Uh #CarrickWealth #WealthManagement #GlobalMarkets #MarketUpdates #UKEconomy