News

The US treasury auctioned off $13 billion of 20 year bonds at a high yield of 4.810%

News /
  • High yield 4.810%
  • WI level at the time of the auction 4.814%.
  • Tail -0.4 basis points versus six-month average of +0.8 basis points
  • Bid to cover 2.63X vs six-month average of 2.56X
  • Directs 12.32% vs six-month average of 17.9%
  • Indirects 70.68% vs six-month average of 66.8%
  • Dealers 16.99% vs six-month average of 15.3%

This article was written by Greg Michalowski at www.forexlive.com.

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US Customs & Border protection: Collecting $500 million under Pres. Trump’s latest tariffs

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The US Customs and Border Protection told CNBC that the department has collected more than $500 million under Pres. Trump’s latest tariffs. That is woefully short of the $2 billion per day that Pres. Trump repeatedly cites.

If true, how long will it take for Pres. Trump to enact tariffs that truly brings in $2B? (or tries too).

The problem is supplies may never make it to port especially from China. If no goods are coming in, no tariffs can be collected.

If the tariffs are not working in hurting China, what hurts would be things like chip exports into China.

This stuff cannot be good.

This article was written by Greg Michalowski at www.forexlive.com.

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Atlanta Fed GDPNow improves to -2.2% from -2.4% at the last estimate

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The Atlanta Fed GDPNow growth estimate for Q2 improved to -2.2% from -2.4% on April 9. The GPS meant adjusting for imports and exports of gold also improved to -0.1% from -0.2% last estimate.

in their own words

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -2.2 percent on April 16, up from -2.4 percent on April 9. The alternative model forecast, which adjusts for imports and exports of gold as described here, is -0.1 percent. After recent releases from the US Census Bureau, the US Bureau of Labor Statistics, and the Federal Reserve Board of Governors, both the standard model’s and the alternative model’s nowcasts for first-quarter real personal consumption expenditures growth increased from 0.7 percent to 1.4 percent.

The next GDPNow update is Thursday, April 17. Please see the “Release Dates” tab below for a list of upcoming releases.

This article was written by Greg Michalowski at www.forexlive.com.

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