He sure doesn’t sound too worried about the bond market developments
10-year Treasury yields are at the highs for the day, near 1.44%:
10-year Treasury yields are at the highs for the day, near 1.44%:
Schlagwort-Archiv: EUR
Baden-Wuerttemberg February CPI +1.4% vs +1.1% y/y prior
Latest data released by Destatis – 1 March 2021
This just adds to confirmation that the German national reading later should see CPI tick slightly higher than the January reading of +1.0% y/y. The estimate is for a jump to +1.2% y/y to +1.3% y/y – which will be the highest since March last year.
This just adds to confirmation that the German national reading later should see CPI tick slightly higher than the January reading of +1.0% y/y. The estimate is for a jump to +1.2% y/y to +1.3% y/y – which will be the highest since March last year.
Biden says ‚time to act‘ on $1.9 trillion stimulus
Biden urges Senate to pass legislation
Biden called on the Senate to quickly pass the $1.9 trillion stimulus package after it cruised through the House.
„It’s time to act,“ he said on Saturday, noting that an „overwhelming“ percentage of Americans support the bill. „We have no time to wasted.“
Biden called on the Senate to quickly pass the $1.9 trillion stimulus package after it cruised through the House.
„It’s time to act,“ he said on Saturday, noting that an „overwhelming“ percentage of Americans support the bill. „We have no time to wasted.“
New Zealand to a 7-day lockdown for Auckland
The PM announced the new lockdown after
a community case of coronavirus with an unknown origin was detected.
The rest of the country will be placed into a less restrictive alert level 2.
a community case of coronavirus with an unknown origin was detected.
The rest of the country will be placed into a less restrictive alert level 2.
ForexLive Americas FX news wrap: Australian dollar crushed
Forex news for North American trading on February 26, 2021:
Markets:
The reverberations from yesterday’s bond implosion left broader markets in a delicate state. Even as yields turned much lower, FX risk trades couldn’t get a footing. How much of that was month-end and how much was jitters was open to debate.
Markets:
The reverberations from yesterday’s bond implosion left broader markets in a delicate state. Even as yields turned much lower, FX risk trades couldn’t get a footing. How much of that was month-end and how much was jitters was open to debate.
Late selling sends US equities into the red despite bond market reversal
Closing changes for the main North American indexes
Yields finished near the lows of the day and about 20 minutes before the close that looked like it was going to spill into equities as they quickly jumped but right at the end of the day there was some hard selling
Yields finished near the lows of the day and about 20 minutes before the close that looked like it was going to spill into equities as they quickly jumped but right at the end of the day there was some hard selling
CFTC Commitments of Traders: Pound gets a bit of love
Weekly forex futures positioning data for the CFTC for the week ending Tuesday, February 23, 2021:
The break higher in sterling finally resonated with speculators as they waded in. It will be interesting to see if it inches above last year’s high in the week-ahead report or if specs were rattled by the volatility this week.
The break higher in sterling finally resonated with speculators as they waded in. It will be interesting to see if it inches above last year’s high in the week-ahead report or if specs were rattled by the volatility this week.
Bond yields fall to the lows of the day
That’s a good sign
US 10-year yields are down 8 bps to 1.43% and 30s are down 11 bps to 2.17%. Both are at or just above the lows of the day.
The question is whether that’s month-end rebalancing flows or if it’s a sign that the bond rout is exhausted.
US 10-year yields are down 8 bps to 1.43% and 30s are down 11 bps to 2.17%. Both are at or just above the lows of the day.
The question is whether that’s month-end rebalancing flows or if it’s a sign that the bond rout is exhausted.
The US dollar was the top performer this week and AUD lagged
The dollar had a big week
King Dollar reigned this week but it was essentially a one-day move with today’s dollar rally accounting for nearly all of the weekly gain.
King Dollar reigned this week but it was essentially a one-day move with today’s dollar rally accounting for nearly all of the weekly gain.
The jitters are returning ahead of North American trading
US futures turn lower, dollar stays more bid as commodity currencies sink
The jitters are still evident in the market as we await Wall Street to enter the fray.
The jitters are still evident in the market as we await Wall Street to enter the fray.