Yields on the 10-year U.S. Treasury note are now up 21 basis points from PCE lows. It makes you wonder: What would it have looked like if Friday’s inflation numbers had been bad instead of good? Yields are now at a one-month high and rising across the curve; which helps boost the US dollar. Why? … Read more
The 10-year U.S. Treasury yield is now up 21 basis points from the PCE low, and you have to wonder: What would it look like if Friday’s inflation numbers had been bad instead of good? Yields are now at their highest levels in the past month and rising across the curve, boosting the US dollar. … Read more
UPCOMING EVENTS: Monday: PBoC MLF, New Zealand Services PMI, Chinese Industrial Production and Retail, Eurozone Wage Growth. Tuesday: RBA policy decision, ZEW eurozone, US retail sales, US industrial production. Wednesday: UK CPI, US NAHB housing market index, BoC meeting minutes. Thursday: New Zealand GDP, PBoC LPR, SNB policy decision, BoE policy decision, start of US … Read more
[Key takeaways] ● At its May meeting, the Federal Reserve kept its target range for the federal funds rate at 5.25%-5.50%, marking the sixth consecutive time it remained unchanged. ● The probability of a Fed rate cut in September has increased significantly from 50% to 70% in the first week of June due to indicators … Read more