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Category: Views & Analysis

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Global Market Overview

Fixed Income Market Overview The U.S. 2-year Treasury yield surged to approximately 5% after robust manufacturing sector data, with the 10-year Treasury yield also climbing. This movement was triggered by the Philadelphia Federal Reserve’s manufacturing survey, indicating a significant jump in April to 15.5, surpassing economists’ forecasts. Despite concerns over inflation, ...

Global Market Overview

Fixed Income Market Overview In the U.K., inflation eased to 3.2% from 3.4% in March, slightly above economists’ expectations, with food prices lowering the headline rate and motor fuels raising it. The core figure, excluding energy and food, came in at 4.2%, above projections, while services inflation declined to 6%, ...

Global Market Overview

Fixed Income Market Overview The key 10-year U.S. Treasury yield rose modestly on Tuesday, reflecting investor deliberation over recent economic indicators and Federal Reserve commentary. Marking a level not seen since mid-November 2023, the yield climbed to 4.657%, while the 2-year Treasury yield edged up slightly to 4.964%. These movements, inversely ...

Global Market Overview

Fixed Income Market Overview Monday witnessed a surge in Treasury yields spurred by a robust retail sales report and escalating geopolitical tensions. The 10-year Treasury yield climbed to 4.61%, while the 2-year Treasury yield rose by almost 8 basis points to 4.957%. This unexpected increase in March retail sales, surpassing ...

Global Market Overview

Fixed Income Market Overview On Friday, the U.S. dollar surged to its peak since November, driven by a surge in safe-haven interest due to geopolitical tensions in the Middle East and a growing contrast in  monetary strategies between the Federal Reserve and other significant central banks. U.S. Treasury yields decreased ...

Global Market Overview

Fixed Income Market Overview The European Central Bank (ECB) opted to keep interest rates unchanged for the fifth consecutive meeting while hinting at an imminent rate cut, citing growing confidence in inflation convergence and the effectiveness of monetary policy. ECB President Christine Lagarde emphasized the significance of this indication during a press ...

Global Market Overview

Fixed Income Market Overview The 10-year Treasury yield surged following the release of March inflation data, indicating a likelihood of sustained high interest rates by the Federal Reserve. The 10-year Treasury yield rose and so did the 2-year Treasury yield. March’s consumer price index (CPI) revealed higher inflation than expected, ...

Global Market Overview

Fixed Income Market Overview U.S. Treasury yields declined as investors awaited key inflation data, which may influence future monetary policy decisions. The 10-year Treasury yield fell to 4.37%, while the 2-year yield stood at 4.745%. Concerns about prolonged high rates were fueled by expectations of a 0.3% rise in the consumer price ...

Global Market Overview

Fixed Income Market Overview Investors are re-evaluating the Federal Reserve’s potential interest rate cuts due to strong economic data and concerns about persistent inflation, leading to a decline in the U.S. government bond market. The benchmark 10-year Treasury yield reached its highest level in over four months on Wednesday, reflecting a shift ...

From The CIO’s Desk

Where are We Now? Global Markets at the End of Q3 2022 2022 has been a terrible year for global markets. Almost all stock markets have fallen between 20% and 35% in US dollar terms in the first nine  months of 2022. The table below shows the performance of various asset classes as ...