by Arundhati Behera | Mar 22, 2023 | Financial News
Tuesday saw a strong risk-on move across markets as risks associated with banks abated. US Treasury yields moved higher across the curve, led by the 2Y up 16bp to back over 4% at 4.14%. The 10Y rose 10bp to 3.59%. All eyes are now on the Fed, which meets later today...
by Arundhati Behera | Mar 21, 2023 | Financial News
US Treasury yields inched higher late on Monday after a slight reversal in the risk-off sentiment. The 2Y yield rose 5bp to 3.98% (up 37bp from intraday lows) while the 10Y rose 3bp to 3.50%. The peak Fed funds rate climbed 2bp to 4.87% as markets continue to price in...
by Arundhati Behera | Mar 20, 2023 | Financial News
Over the weekend, the Swiss government brokered a historic deal for UBS to takeover Credit Suisse in an all-stock deal worth CHF 3bn ($3.3bn). As part of the deal, the Swiss National Bank is offering CHF 100bn ($108bn) of liquidity assistance to UBS, while also...
by Arundhati Behera | Mar 16, 2023 | Financial News
Markets saw a big risk-off move on Wednesday following panic and concerns over Credit Suisse, whose stocks and bonds plummeted to fresh lows (more details below). The selloff soon spread to the broader banking sector as the STOXX Europe 600 Banks Index ended almost 7%...
by Arundhati Behera | Mar 15, 2023 | Financial News
US Treasury yields rose across the curve on Tuesday following the CPI print. US CPI for February came at 6.0%, in line with expectations and lower than last month’s 6.4% print. Core CPI came at 5.5%, in line with the surveyed number and lower than last...
by Arundhati Behera | Mar 14, 2023 | Financial News
Monday saw another flight to safety move in the US with the 2Y Treasury yield falling a strong 23bp to 4.13% and the 10Y easing 11bp to 3.56%. The over 100bp drop in the 2Y since last Thursday is the largest 3-day drop in yields since the 1987 stock market crash. This...
