G10 Macro Rates: September Monthly Commentary
< 1 minute read time September finally delivered the long waited for Fed cut after benign monthly NFP payrolls and CPI data.
G10 Macro Rates: August Monthly Commentary
< 1 minute read time The nervous cracks appearing in the market at the end of July broke with a vengeance in the opening few days of August. The speed of moves in the VIX and USDJPY was startling to many and on par with some of the biggest in history.
G10 Macro Rates: July Monthly Commentary
< 1 minute read time Volatility increased mid-July after a failed assassination attempt on Trump at a rally in Michigan, this accelerated the “Trump trades” of weaker USD and steeper curve.
G10 Macro Rates: June Monthly Commentary
2 minutes read time June may be remembered as a political storm, with a snap election called in France, result declared in India, full swing canvasing in the UK and ramping up in the US.
G10 Macro Rates: May Monthly Commentary
< 1 minute read time April started with a negative impulse provided by stern warnings from Powell and his Fed colleague Waller that rate cuts were looking much less likely.
G10 Macro Rates: April Monthly Commentary
< 1 minute read time April started with a negative impulse provided by stern warnings from Powell and his Fed colleague Waller that rate cuts were looking much less likely.
G10 Macro Rates: March Monthly Commentary
< 1 minute read time March started with weaker data, ISM manufacturing and services both coming in lower than expectations especially the prices paid component, drawing the UST 10Yr bond yield down to a monthly low of 4.04%.
G10 Macro Rates: February Monthly Commentary
< 1 minute read time Like many occurrences last year, a new month brings a change in market sentiment.
G10 Macro Rates: January Monthly Commentary
< 1 minute read time Like many occurrences last year, a new month brings a change in market sentiment.
G10 Macro – Market Commentary
5 minutes read time 2023 encompassed the extremes of the recent global rate hiking cycle. The peak yield in the UST 10y rate of 5% at the end of October, sharply reversed on the Fed pivot to finish the year almost where it started at 3.88%.
