pronation
pro-NAY-shuhn
1. Rotation of the forearm so that the palm faces downward or backward.
2. Rotation of the foot such that the weight is borne on
its inner edge.
3. The resulting position when the arm or foot is rotated
in such a manner.
From Latin pronare (to turn or lean forward). A counterpart is supination in which the palm
is facing upward or the weight is borne on the outer edge of the foot.
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TIP OF THE WEEK
The pronation of one’s hands reveals much.
Hands open and your palms at a 45-degree angle:
Communicates that you are being honest and open.
Hands open with palms down: Communicates that you are
certain about what you are talking about.
Palms facing each other with your fingers together:
Communicates that you have expertise about what you are talking about.
The SBA has thrown up its hands dealing with bad people.
SBA has published Procedural Notice 5000-857477
implementing the recent Criminal Justice Rule.
The restrictions on businesses with an Associate who is
on probation or on parole have been removed.
Applicants currently incarcerated, under indictment for a
felony or any crime involving or relating to financial misconduct or a false
statement are still ineligible.
Let me know if you need a copy of this new procedural
notice.
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Indices:
PRIME RATE= 8.50%
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SBA 504 Loan Debenture Rate for June
For 20 year debentures, the debenture rate is only 5.06%
but note rate is 5.13% and the effective yield is 6.445%.
For 25 year debentures, the debenture rate is only 5.04%
but note rate is 5.09287% and the effective yield is 6.354%.
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AHEAD OF THE YIELD CURVE
Pronation is the rotation of your hand towards your
thumb.
Kind of like when Ceaser gives a thumbs down to a
gladiator.
The Federal Reserve gave a thumbs down to interest rates
coming down anytime soon at its last meeting.
Its statement on monetary policy issued June 12 is
virtually unchanged from the one published May 1.
The assessment of inflation has been upgraded to “modest
further progress" from “a lack of further progress" in the prior
version.
The language related to the change in the balance sheet
reduction program has been removed.
The Fed has reduced its reinvestments in US Treasuries by $35 billion a
month. This 1/3 of a trillion dollar
reduction did not seem to impact the Treasury bond market.
At last week’s auction of $25 billion in 30 year Treasury
bonds, the high yield was awarded at 4.403 percent versus 4.635 percent a month
ago. The auction high yield was awarded 1.5 basis points below where the
when-issued long bond was trading at auction time, indicating very strong
demand,
Here is what the 30 year Treasury bond has been doing and
this week’s interesting little table of data:
2014- 3.97
2015- 2.91
2016- 2.32
2017- 3.16
2018- 3.13
2019- 2.594
2020- 1.216
2021- 1.88
2022- 2.375
2023- 3.741
2024- 4.350%
So what does all this mean?
I don’t know.
On Friday the 30 year yield closed at 4.350%.
Why is the 30 year yield dropping?
The long end of the yield curve prognosticates
inflationary expectations and ultimately market rate expectations.
Keep your eyes and ears open for this week’s report on
capacity utilization.
Last month capacity utilization had declined to 78.4
percent in April.
The decline was offset by a rise in utilities output.
Utilities' output rose 2.8 percent higher in April from
March. There was a 3.1 percent rise in electric output and 1.1 percent in
natural gas. Unusually warm weather in April boosted demand for cooling.
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OFF BASE
There is a thing called premature pronation. Don’t blush, it is a baseball pitching
phrase.
Premature Pronation is the pronation of the pitching
forearm well before the Release Point
It is the twist you see in the wrists of many baseball
pitchers who Point the Ball at Second Base or Center Field as part of their
throwing motion.
This pronation occurs to get the fingers behind the ball
so that they can impart the force generated by the body into the ball. It is a
natural action in the follow-through.
It is also called the Tommy John Twist. It is named for Dodger pitcher Tommy John
who snapped the ligament in his elbow.
Tommy John surgery is a surgical graft procedure where
the ulnar collateral ligament in the medial elbow is replaced with either a
tendon from elsewhere in the patient's body, or with one from a deceased donor.
Wednesday June 19th is a bank holiday- Juneteenth. There is also a full slate of baseball
games all that day.
