The Closer – Minutes Review, Durable Goods, High Yield Rally – 5/25/22

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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we start out tonight with some notes on today’s release of the Fed’s meeting minutes (page 1). We then recap today’s 5 year note auction (page 2) followed by a look into the durable goods numbers (page 3). Pivoting back to fixed income, we then take a look at credit spreads (page 4). We finish with our weekly recap of EIA stockpile data (page 5).

See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!

The Closer – Bank Balance Sheets, Collapsing Home Sales, PMI Whiffs – 5/24/22

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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin tonight with a look at the huge reversal in the dollar while commodities have resumed a move higher (page 1). We follow up with the quarterly update from the FDIC on aggregate balance sheets of institutions covered by its deposit insurance (page 2). Turning to housing data, we then recap the latest new home sales data (pages 3 and 4) followed by an update of some Five Fed Composite charts (page 5).  We finish with a recap of the 2-year note auction (page 6).

See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!