Jobless Claims See a Multi-Decade Low, Yields Fall Across the Globe and a Federal Reserve Rate Hike Looms all in The Weekly Market Update by Valeo Financial Advisors (November 11, 2016)
November 19, 2016    Disclosures    POSTED IN  Investments

U.S. weekly jobless claims dropped by 19,000 this week to a seasonally adjusted 235,000; this is a multi-decade weekly low that hasn’t been reached since November of 1973.

Yields on fixed income securities continue to push higher across the globe with the 10-year U.S. treasury experiencing the largest biweekly increase in 15 years of 51 basis points, the Japanese 10-year government bond rising into positive territory since the first of the year and the 10-year U.K. gilt yield rising to pre-Brexit levels.

According to the Chicago Mercantile Exchange, the market is now pricing in a 95.4% probability the Federal Reserve will increase interest rates at the December 14 policy meeting.

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