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America s Roundup: Dollar stabilizes after Powell remarks, S&P 500 closes higher, Gold slid, Oil settles mixed amid post-storm uncertainty, Oil settles mixed amid post-storm uncertainty-February 24th,2021

©Elmin Media . All Rights Reserved. America’s Roundup: Dollar stabilizes after Powell remarks, S&P 500 closes higher, Gold slid, Oil settles mixed amid post-storm uncertainty, Oil settles mixed amid post-storm uncertainty-February 24th,2021 Tuesday, February 23, 2021 10:03 PM UTC Market Roundup • US Redbook (YoY) 2.9%, 4.0% previous • US Dec House Price Index (MoM) 1.1%, 1.0% previous • US Dec House Price Index 313.5, 310.1 previous • US Dec S&P/CS HPI Composite - 20 s.a. (MoM)  1.3%,1.3% forecast, 1.4% previous • US Dec S&P/CS HPI Composite - 20 n.s.a. (YoY) 10.1%, 9.9% forecast,9.1% previous • US Feb Richmond Manufacturing Shipments 14, 10 previous • US Feb CB Consumer Confidence   91.3 ,90.0 forecast, 89.3 previous • US Feb Dallas Fed Services Revenues 2.6 , 0.8 previous

Bond Tantrum Erases $14 Billion Treasury ETF s Pandemic Rally

(Bloomberg) A breakneck selloff in the bond market left one of the biggest Treasury exchange-traded funds bleeding.The $14 billion iShares 20+ Year Treasury Bond ETF (ticker TLT) has plunged 11% this year as long-dated Treasury yields climbed, fueled by building wagers on a rebound in inflation. Investors have yanked over $3.2 billion from the fund so far in 2021, whittling TLT’s total assets to the lowest level since mid-2019, according to data compiled by Bloomberg.Covid-19 vaccine rollouts combined with the prospect of further fiscal aid from the Biden administration has forced a reckoning of sorts for the Treasury market, where long-dated yields were hovering near historic lows entering 2021. Breakeven inflation rates have soared to multi-year highs, dragging benchmark 10-year yields to the highest in over a year, as the economic outlook brightens. That point was reinforced by Federal Reserve Chairman Jerome Powell this week as he said the recent run-up in bond yields is &

Open red states punished under Biden s $1 9T coronavirus aid package: Lummis

Open red states punished under Biden s $1 9T coronavirus aid package: Lummis
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