The Bond Market Was on ‘Pins and Needles’ Until PCE Data Came Out

The Bond Market Was on ‘Pins and Needles’ Until PCE Data Came Out
A trader works on the floor of the New York Stock Exchange in a file photo. Mario Tama/Getty Images
Louis Navellier
Updated:
0:00
Commentary

With deficit spending soaring and bond rates still uncomfortably high, the bond and stock markets are always on “pins and needles” when there is major Treasury refinancing. Last week, there was a Treasury bill auction on Tuesday and a Treasury note auction on Wednesday. When yields rose each day, this put Wall Street in a distinctly bad mood, as The Wall Street Journal described these auctions as “lackluster.”

Louis Navellier
Louis Navellier
Author
Louis Navellier is chairman and founder of Navellier & Associates in Reno, Nevada, which manages approximately $1 billion in assets. One of Wall Street’s renowned growth investors, Navellier writes five investment newsletters focused on growth investing. In addition to appearing on Bloomberg, Fox News, and CNBC giving his market outlook and analysis, he has been featured in Barron’s, Forbes, Fortune, Investor’s Business Daily, Money, Smart Money, and The Wall Street Journal.
Related Topics