by Amruth Sundarkumar | Mar 24, 2023 | Credit Ratings, Macroeconomic news
US Treasuries rallied across the curve again yesterday continuing the move post the Fed’s dovish rate hike. With the peak Fed funds rate at 4.90% for the May meeting, markets are pricing in a status quo in May and June, and a 53% chance of a 25bp rate cut in...
by Amruth Sundarkumar | Mar 23, 2023 | Credit Ratings, Macroeconomic news
US Treasuries saw a sharp rally across the curve following the Fed’s decision to hike rates by 25bp to a target range of 475-500bp, alongside a dovish dot plot. The US 2Y yield fell over 25bp and the 10Y yield was down 14bp, with the entire curve back below 4%....
by Arundhati Behera | Mar 21, 2023 | Bank of England, Credit Ratings, Macroeconomic news
Most European and Asian banks’ AT1s staged a recovery after trading as much as 15% lower on Monday following the historic $17bn writedown of Credit Suisse’s AT1s. The move followed statements from the UK and EU regulators reassuring market participants...
by Amruth Sundarkumar | Mar 9, 2023 | Credit Ratings, Macroeconomic news
US Treasury yields were near flat across the curve yesterday with Jerome Powell reiterating his stance on interest rates. He mentioned that there has been no particular decision made yet on the quantum of hikes in the upcoming meetings. Meanwhile, markets are now...
by Arundhati Behera | Mar 8, 2023 | Credit Ratings, Macroeconomic news
Markets are now pricing in a 72% probability of a 50bp hike at the FOMC’s March meeting vs. 31% a day ago after Fed Chairman Jerome Powell’s hawkish comments at the Congressional Testimony. He said, “the ultimate level of interest rates is likely to...
by Amruth Sundarkumar | Mar 7, 2023 | Credit Ratings, Macroeconomic news
US Treasury yields were marginally higher across the mid-to-long end, while the 2Y was up 5bp on Monday. The peak Fed Funds rate was 3bp higher at 5.48% for the September 2023 meeting. Markets continue to price in three hikes of 25bp each at the next three FOMC...
