MBS RECAP: Pain Trade Continues Despite Weaker Econ Data

2 Source: FactSet, FRB, J.P. morgan asset management, Bureau of Economic Analysis. Data include households and non-profit organisations. First quarter 2019 figures for debt service ratio is J.P. Morgan Asset Management estimates. Past performance is not a reliable indicator of current and future results.

 · Four issues to watch in August: The worsening US-China trade situation. Last week, the Sino-American trade threats worsened. China has made it clear that it is not backing down, and I believe its decision last week to pursue a more pro-growth agenda is evidence that it is hunkering down and preparing for a fight.

The tale of two ranges continued in grand fashion overnight as 10yr. As to the rationale for indecision, it can be traced to mixed signals from the jobs data (covered in much greater detail in the.

What follows is a compendium of research notes for the year ahead-more than 200 market themes, bets and threats from many of the biggest financial institutions in the world.

Despite a significant decline this year, Brazil’s interest rate carry is still decent, in our view, both in nominal and real terms. Given the low yields in advanced economies, the real should keep attracting investors. On the external side, the country’s trade surplus has reached USD 67.6bn in the past 12 months – a record high – which

Mortgage rates today, June 27, 2018, plus lock recommendations Mortgage rates today, April 17, 2019, plus lock recommendations Mortgage rates were sideways today, on average, but only after the dust settled on some morning volatility. The big jobs report was released at 8:30am ET, and it frequently has an impact on the bond.

For the eurozone, we expect growth to slow to a trend-like pace of 0.75%-1.25% in 2019 from close to 2% in 2018, as weak global trade exerts significant downward pressure on the economy and Italy slipped into recession. An improvement in global trade conditions through this year should contribute to a gradual reacceleration.