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Day: March 6, 2021

Unemployment benefits end next week. It may be too late for Congress to stop it, experts say

Alex Wong | Getty Images News | Getty Images The Senate passed a $1.9 trillion coronavirus relief bill on Saturday that extends and raises unemployment benefits. Democrats will now look to get that pandemic aid bill to President Joe Biden in time to prevent a gap in jobless benefits, which are slated to expire next …

Unemployment benefits end next week. It may be too late for Congress to stop it, experts sayRead More

10-Yr Yield Couldn’t Break Loose from 1.5 Magnet, Dollar and Canadian Soared

Strong treasury yield continued to be a major theme last week. But for now, it seemed 10-year yield could still break loose from the “magnetic field” of S&P dividend yield at around 1.5%. Indeed, US stocks, including NASDAQ staged a strong rebound on Friday, as 10-year yield settled back in range. Such theme will likely …

10-Yr Yield Couldn’t Break Loose from 1.5 Magnet, Dollar and Canadian SoaredRead More

Weekly Economic & Financial Commentary: International Bond Yields Continue to Push Higher

U.S. Review Moving On Up Most of this week’s economic data came in at or above expectations, contributing to growing anxiety about how the Fed will unwind the extraordinary stimulus it put in place. The ISM manufacturing survey rose 2.1 points to 60.8, with the new orders series jumping 3.7 points to 64.8 and the …

Weekly Economic & Financial Commentary: International Bond Yields Continue to Push HigherRead More

The Weekly Bottom Line: Coming Out of the Winter Lull

U.S. Highlights The ISM indexes diverged in February, with manufacturing improving and services falling on the month. However, both remain well in expansionary territory. Vehicle sales, meanwhile, fell 5.7% to 15.7 million (SAAR) units. U.S. job growth picked up steam in February, with payrolls rising by a better-than-expected 379k. Gains were concentrated in the leisure …

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Forward Guidance: Job Growth to Return as Optimism Fills the Air

We look for next week’s Canadian employment report to show that the 2-speed labour market persisted in February with travel and hospitality services remaining exceptionally weak while other sectors continue to grow. We expect roughly 75K jobs returned in February after January’s 213K plunge as the gradual easing in containment measures allowed for a partial …

Forward Guidance: Job Growth to Return as Optimism Fills the AirRead More

Week Ahead: And You Thought Last Week Was Interesting? ECB, US Auctions, and Inflation

Last week, markets were on edge as yields and the US Dollar continued to rise and stocks were mixed.  Federal Reserve Chairman Jerome Powell spooked traders when he reiterated that the Fed is not concerned with rising yields nor rising inflation expectations.  On Wednesday the US will get the February reading for CPI, which will …

Week Ahead: And You Thought Last Week Was Interesting? ECB, US Auctions, and InflationRead More