dChan
Anonymous ID: 006057 June 4, 2024, 11:59 a.m. No.20966801   🗄️.is đź”—kun   >>6968 >>6976 >>7004 >>7046 >>7101 >>7172 >>7190

Repost as phaggit baker only cares about what they post

Updated charts

 

>>20965637 lb

 

MktFag Bidness roundup: 10-year Treasury yield extends decline after U.S. job-openings data,ECB pressing Ze Germans on CRE loans,Oil and muh Silver clobbered

 

(as mentioned Mr. Bond market is doing it’s expected heavy lifting and dropping yields-cuz they need to refinance an ASS TON of all those depreciated CRE assets among other things-later this year. The markets are not going “up” in the manner that would trigger these lower yields imo-at least not correlated from a historical perspective and there was also a head and shoulders top on the 10y although that left side not very defined-nevertheless it IS there-cap 2and that looks TOTALLY ORGANIC /sOil is cap 3 and muh Silver monkey hammered and told ya it wasn’t out of the woods yet and Today at 1:30pmEST is it’s weekly print day so it got hammered with the normal trick of dumping shit tons of contracts on the sell side as London did the heavy drop and then NYMEX opens and although it rose a little it got smershed again-down about 3.79% currently-cap 4 is daily chart-NO ONE trades like this and as far as I can tell the commercial Banks still cling to about a 600m/Oz (and it’s legacy from JP Moran too) short position-not all commercial but most is. Who in dafuq is ever going to take that from them? Answer: No one so the games continue as they have for almost 200 years)

 

Job openings fell more than expected in April to the lowest in more than three years, a sign that labor market conditions are softening in a manner that could help the Federal Reserve's fight against inflation. Job openings, a measure of labor demand, were down 296,000 to 8.059 million on the last day of April, the lowest level since February 2021, the Labor Department's Bureau of Labor Statistics said on Tuesday in its Job Openings and Labor Turnover Survey, or JOLTS report.Data for March was revised slightly lower to show 8.355 million unfilled positions instead of the previously reported 8.488 million.Economists polled by Reuters had forecast 8.355 million job openings in April. Vacancies peaked at a record 12.0 million in March 2022. The number of people quitting their jobs rose 98,000 to 3.507 million in April. Federal Reserve officials next week are expected to leave the U.S. central bank's policy rate in the same 5.25%-5.50% range where it has been since last July. They have said a rate cut will likely wait until data shows inflation, after a stronger-than-expected run during the first quarter, is headed back down toward their 2% goal.(Pay attention as the Fed already said, last year, that 3% is acceptable and the NYFED Chair Williams said the next “move” was to lower rates and he never said how-it’s behind done NOW via the proxy’s they have always used). Fed officials have said that only an unexpected and meaningful weakening of the labor market could trigger a rate cut sooner than otherwise. They have so far welcomed signs of labor market cooling as a sign of rebalancing that eases upward pressure on prices. Financial markets are pricing in a first rate cut in September, and a second one in December.

https://www.reuters.com/markets/us/us-job-openings-fall-more-than-expected-april-2024-06-04/

 

ECB to Seek More CRE Loan Provisions From Some German Banks

The European Central Bank will soon push several German lenders to build up higher reserves against property loan defaults, in a move that would cut into their profits. Banks with large portfolios of commercial real estate loans such as Deutsche Pfandbriefbank AG and some regional lenders jointly known as Landesbanken are one focus of the ECB’s effort, though it’s not clear which will ultimately face demands for higher provisions, people familiar with the matter said.

An ECB spokesperson declined to comment.

https://www.bloomberg.com/news/articles/2024-06-04/ecb-to-demand-more-cre-loan-provisions-from-some-german-banks

 

And in how could you miss that head and shoulders top on WTI’s 6 month chart news…..it’s all about demand destruction. It’s working on taking out the February recent low of about $72.xx p/bl

 

Oil prices extend slump triggered by OPEC+ move to phase out some production cuts

 

Oil futures fell Tuesday, extending a slide that took crude to its lowest close in four months in the previous session triggered in part by OPEC+’s decision to begin unwinding some production cuts later this year.

Worries about the U.S. economic outlook after weak data Monday also contributed to worries about the demand outlook, analysts said.

https://www.marketwatch.com/story/oil-prices-extend-slump-triggered-by-opec-move-to-phase-out-some-production-cuts-86b63870

https://tradingeconomics.com/united-states/government-bond-yield

https://tradingeconomics.com/commodity/crude-oil

https://tradingeconomics.com/commodity/silver

Anonymous ID: 006057 June 4, 2024, 12:51 p.m. No.20966976   🗄️.is đź”—kun   >>7004 >>7046 >>7101 >>7172 >>7190

>>20966801

Regional Bank Investors Have No Appetite for Slight Hint of Pain

 

When it comes to commercial real estate, investors in the US banking sector are on edge. 

Axos Financial Inc. — the latest target — slumped Tuesday after a short seller took aim at what it called the bank’s “glaring” property loan problems. Bank OZK was hit in May after a Citigroup Inc. report dug into debt on properties such as a sprawling San Diego waterfront complex. And earlier this year, New York Community Bancorp was steeped in a crisis after the bank had to set aside more provisions for real estate loan losses. Concerns about the property market — and just how exposed certain lenders are to the riskiest parts — are pervading the banking system. That’s causing investors to get jittery.

And there’s little clarity on when the pressures may ease up as deposit-takinginstitutions prepare to contend with a wall of maturing property debt this year that’s estimated at $441 billion.

“This business is run on herd mentality,” said Nicole Schmidt, a managing partner at investment bank Oberon Securities. So when “information comes out, there’s a knee-jerk reaction to sell the whole category. It’s the cockroach theory: If there’s one cockroach, there’s thousands.”

High borrowing costs have walloped real estate valuations, and the uncertainty over when the Federal Reserve may cut rates has exacerbated the challenges. Some property owners are defaulting while others have opted to walk away from buildings entirely. That’s left lenders stuck with assets that are tough to sell in a market rife with distress. “Things are starting to break a little bit in real estate,” said Josh Zegen, co-founder of lender Madison Realty Capital. “It’ll happen more and more through this year, but you’re starting to see more of that crack.” How it plays out at each bank remains to be seen. Maturing loans have been a particular pain point, causing lenders and borrowers to reckon with the valuation changes they might have been able to avoid confronting before then. And while price drops have been severe in some cases — one Los Angeles office building sold at 52% less than its price five years ago — it varies for each property.

Investors, though, are on the hunt for any clues about each lender’s risks.

https://www.bnnbloomberg.ca/regional-bank-investors-have-no-appetite-for-slight-hint-of-pain-1.2081085

Anonymous ID: 006057 June 4, 2024, 1:08 p.m. No.20967021   🗄️.is đź”—kun   >>7038

>>20967014

>They were kept as slaves

Not all of them so FAIL there

>Yeah I've experienced the kind of miracles described in the Bible which is why I speak with so much audacity about this subject matter.

 

And you never answered or addressed the OG post and made it about you

Kek we got a fuckin’ prophet here

KYS