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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See AllOur 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 banks which on balance should benefit if the yield curve continues to s
The currency market is at a key juncture. Major central banks may be near their 'peak' rate for this cycle, while the Bank of Japan has kept rates below 0% and is still offering a lot of stimulus to t
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 coupon curve (spread of 10-yr. note yield vs. 2-yr. note yield) which h
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