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Weekly Talking Points - Fed, ECB and BoJ in play

Our round-up of what to expect in the coming week and the key events of last week. The regular Spotlight feature looks at the US implied SOFR curve and the 2-yr. note yield. Rate rise risk is back in the curve, and expectations of rate cuts have been pushed out a bit, in line with our long standing view. We argued for waiting for 2-yr. note yields to bounce when they were at 3.6% in March, they are back to 4.5% now and should be getting investor attention on the view that waiting for 5% or higher is tempting, but... Our Review section looks at the Eurozone slipping into recession, Chinese soggy economic data and Bitcoin. To read more please subscribe.

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Focus - Currency Matters May 2024

Central bank rate moves and interventions are key for FX market direction this year. We look at the money market curves, central bank policies, and reassert our view that the USD will give up ground t


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