Treasurys fall, rates rise as prospect of stimulus rises The White House and Congressional Democrats were unable to reach a compromise overnight , officially missing their Tuesday deadline.  According to Pelosi’s spokesman, she and Treasury Secretary Steven Mnuchin “moved closer” on a deal and have agreed to continue talks into Wednesday. Equities remained in the

Rates rise as Congress makes progress on stimulus package House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are working to meet their Tuesday evening deadline, scheduling to speak again today following their conversation yesterday.  According to Pelosi, Republicans and Democrats are stilling struggling to compromise on state and local funding, child care facilities, and

Equities are starting the session in the green as stimulus talks continue to drive the market After making some progress with the White House, House Speaker Nancy Pelosi set a Tuesday deadline for a compromise on a deal with Treasury Secretary Steven Mnuchin.  The pair last spoke Saturday night and plan to meet again today. 

Equities turned lower for a third consecutive day as stimulus negotiations continue After promising that Congress will pass a bill before the end of the year, House Speaker Nancy Pelosi scheduled another call with Treasury Secretary Steven Mnuchin.  Though major bipartisan disagreements remain, Mnuchin says the White House is willing to compromise on national virus

Bank earnings continue Large banks continue to report third quarter results today- Bank of America, Goldman Sachs and Wells Fargo all reporting better than expected credit provisions, with the usual noise coming from their trading businesses. JPMorgan noted yesterday that they don’t expect credit to normalize until the end of 2021 and commented that a

Stimulus talks continue to drive the market, pushing equities higher.  There continues to be a divergence of opinion on the size and scope of the next stimulus package, and markets are hoping for a bipartisan compromise.  Equities rose to a five-week high — the S&P 500 and DJIA closed 0.8% and 0.4% higher.  Treasury yields

Rates fall as fiscal stimulus remains in doubt.  President Trump seemed to go back on some of his tweets from earlier this week, advocating for a lighter stimulus package that would focus solely on stimulus checks and the airline industry. House Speaker Nancy Pelosi quickly rejected that idea though, saying that Democrats will not agree

Rates and equities fall as stimulus talks halt.  The risk-off move happened mid-day after President Trump signaled negotiations are stopping and would resume only after the November 3rd election.  President Trump tweeted that House Speaker Nancy Pelosi was “not negotiating in good faith,” and that after he is reelected, he “will pass a major Stimulus

Treasury yields, swap rates little changed after sharp rise yesterday. Rates are mixed to start the day after jumping higher yesterday following the news of President Trump’s improving health and speculation that Congress is progressing towards another round of stimulus. President Trump is said to be “feeling great” and is even considering a televised address to

Rates and stocks climb sharply higher on speculation President Trump could be released from the hospital. President Trump’s avoidance of serious complications from COVID-19, coupled with ongoing progress of stimulus talks have supported financial markets to start the week. The S&P 500 and DJIA are 0.90% and 1% higher, respectively, to start the day while Treasury