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Lock Watch for the Week of 11/5/2018
Lock Watch for the Week of 11/5/2018
 
Volatility-O-Meter:
I expect the markets to flirt with the reality of higher rates again this week, amid a backdrop of auctions and Tuesday's mid-term elections.
 
Economicalendar (all times are Pacific):
Mon, 11/5:      ISM Non-Mfg Index (7am), 3-Yr Note Auction (10am).
Tues, 11/6:      JOLTS (7am), 10-Yr Note Auction (10am).
Weds, 11/7:     30-Yr Bond Auction (10am).
Thurs, 11/8:    Jobless Claims (5:30am) and FOMC Meeting Announcement (11am).
Fri, 11/9:        PPI (5:30am).
 
10-Year Treasury History
3.19%     Today's Open
3.09%     One Week Ago
3.23%     One Month Ago
2.32%     One Year Ago
 
Lincoln's Second Inaugural Address
 
Fellow-Countrymen:
 
At this second appearing to take the oath of the Presidential office there is less occasion for an extended address than there was at the first. Then a statement somewhat in detail of a course to be pursued seemed fitting and proper. Now, at the expiration of four years, during which public declarations have been constantly called forth on every point and phase of the great contest which still absorbs the attention and engrosses the energies of the nation, little that is new could be presented. The progress of our arms, upon which all else chiefly depends, is as well known to the public as to myself, and ... more

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