Nationwide core inflation hit a new high in April of 2.53% (pages 6 – 9) Core inflation rose further in May for Tokyo, edging up to 2.40% (pages 10 –…
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2-year US Treasury yield highest since March 10th. Curve inversion deepens between 10-2 years (pages 2-4) No inflation risk priced into break-evens (page 5) Real yields holding above 1.50% across…
US core CPI inflation stuck above 5.0% (pages 3 – 9) Conference Board’s jobs gap dips in May (page 10) But US consumption strong at start of Q2 (pages 12…
Markets have become used to 300k+ payroll prints. It is easy to forget, however, that this was a rarity pre-pandemic. Even if payroll growth eventually slowed to 100k, this would…
10-year US Treasury yield climbed back up to 3.69% at close on Friday after a strong payrolls report. The 2-year yield jumped to 4.50% (page 2) Real yields holding above…
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…
