Ultimately, the Chancellor Jeremy Hunt was able to do no more than steady the Gilt market when he took over the reins back in October of last year. Tough political…
Core inflation eases only marginally in April (5.60% y/y). Services inflation accelerates again, with an even bigger rise in ex-package holidays, air fares & accommodation (pages 2-8) Ifo expectations shows big…
US Treasury yields rose every session last week. The 2-year yield rose to a post-SVB high of 4.28% on Friday. The 10-year yield climbed back up to 3.70%. The 30-year…
Sizeable pullback in JGB yields and impressive rally in TOPIX, led by electric & precision instruments, and machinery. But Yen drifting lower (pages 3 – 5) Core inflation still rising in Japan,…
Some of the recent uptick in initial claims has been attributed to fraudulent activity in Massachusetts. Of course, a material rise in claims may simply be a matter of time….
Core inflation remains stubbornly high. Bank of England forced to revise up inflation forecasts. Supermarkets coming under political pressure for accelerating food inflation – BRC index shows further rise in…
10-year US Treasury yield struggling for direction, finishing the week at 3.46%. Strong payrolls report for April counteracted by jump in initial claims. 30-10 years portion of the US Treasury…
