SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: gregor_us who wrote (2055)3/15/2004 9:49:33 AM
From: mishedlo  Read Replies (1) of 116555
 
Brian Reynolds on Industrial Production & Treasuries

Industrial production rose 0.7%, following a 0.8% gain in January and above the Bloomberg consensus of a 0.4% gain.

This report is consistent with our view of the past few months that production growth has exceeded consumption growth, causing an unwanted rise in business inventories and meaning that new orders and production are likely to at least moderate.

This report was for February, incontrast to the weak Empire State index earlier this morning which was for February. Additionally, this report was boosted by a 1.6% gain in auto production, which should moderate given current sales levels.

The strong production report caused Treasuries to give back 2/3 of their 1/3 point early morning gain, giving mortgage investors another chance to hedge themselves. The question is whether they will avail themselves of this opportunity. If not, then Treasuries would have more room to rally in the coming weeks.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News