by Amruth Sundarkumar | Feb 27, 2023 | Credit Ratings, Macroeconomic news
US short-end Treasury yields were higher by 11-12bp across and the 10Y yield was up 8bp with the peak Fed funds rate up 5bp to 5.40% for the July 2023 meeting. This occurred after US Core PCE accelerated in January, coming at 4.7% vs. forecasts of 4.3%. The Headline...
by Amruth Sundarkumar | Feb 24, 2023 | Credit Ratings, Macroeconomic news
US Treasury yields eased 3-5bp across the mid-to-long end of the curve with the peak Fed funds rate down 2bp to 5.35% for the July 2023 meeting. US Q4 GDP came at a revised 2.7%, lower than the preliminary number of 2.9%. Markets are pricing in a 27% chance of a 50bp...
by Amruth Sundarkumar | Feb 23, 2023 | Credit Ratings, Macroeconomic news
US Treasury yields eased 2-4bp across the mid-to-long end of the curve with the peak Fed funds rate inching 1bp to 5.37% for the July 2023 meeting. The FOMC’s February meeting minutes came out yesterday with members referring inflation risks as a...
by Amruth Sundarkumar | Feb 22, 2023 | Credit Ratings, Macroeconomic news
US Treasury yields jumped 5-8bp higher across the curve as markets reprice the rate hike path of the Fed. The peak Fed funds rate jumped 5bp to 5.36% for the July 2023 meeting. The S&P US Flash PMIs beat expectations yesterday. The Manufacturing print came at...
by Amruth Sundarkumar | Feb 21, 2023 | Credit Ratings, Macroeconomic news
US Treasury yields climbed 4-5bp higher across the curve. The peak Fed funds rate was up another 1bp to 5.31% for the July 2023 meeting. CME probabilities continue to show that markets are now pricing in three more 25bp hikes by the Fed in March, May and June. The...
by Amruth Sundarkumar | Feb 20, 2023 | Credit Ratings, Macroeconomic news
US Treasury yields inched lower by 4-6bp. The US 10Y Treasury yield touched its highest levels of the year at 3.92% early on Friday before retracting lower. The peak Fed funds rate was up 1bp to 5.30% for the July 2023 meeting. With a 25bp hike in March being priced...
