Treasury yields rose further after September’s payrolls report, and have more room to climb, as markets reassess the Fed’s terminal rate in the face of a strong labour market and…
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The Japanese labour market remains very tight: this should continue to exert upward pressure on wage growth and JGB yields. Employment rebounded 250k in August to a record high of…
Last week, the BEA released its 2024 annual update of the National Economic Accounts (NEAs), alongside the third estimate of Q2 GDP, and its revised estimate of corporate profits for…
The S&P 500 closed at a fresh high yesterday (5,718.6) as the Fed cuts rates into a strong economy. The real estate sub-index in the S&P 500 is up 17.0%…
Rate futures are factoring in about 250 basis points in Fed cuts by September of 2025. Such steep cuts have historically coincided with (deep) recessions. However, there are many important…
