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…
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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…
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….
