by Amruth Sundarkumar | Feb 9, 2023 | Credit Ratings, Macroeconomic news
US Treasuries yields were flat broadly across the curve. The peak Fed funds rate rose 2bp to 5.14% for the July 2023 meeting. Currently, the probability of a 25bp hike at the FOMC’s March meeting stands at 91%. Markets await the CPI inflation report next week...
by Amruth Sundarkumar | Feb 8, 2023 | Credit Ratings, Macroeconomic news
US Treasuries were near flat across the curve after Fed Chair Jerome Powell reiterated, “We think we are going to need to do further rate increases… The labor market is extraordinarily strong”. The peak Fed funds rate rose 2bp to 5.14% for the July...
by Amruth Sundarkumar | Feb 7, 2023 | Credit Ratings, Macroeconomic news
Bond markets sold-off further on Monday with benchmark yields higher by 6-9bp across the curve, continuing the climb post the strong jobs report. The peak Fed funds rate rose 6bp to 5.12% for the June 2023 meeting. Currently, the probability of a 25bp hike at the...
by Amruth Sundarkumar | Feb 6, 2023 | Credit Ratings, Macroeconomic news
Bond markets saw a massive sell-off on Friday with benchmark yields sharply higher across the curve on following the strong jobs report. US 2Y and 5Y Treasuries sold-off with yields higher by ~25bp while the 10Y yield was up 18bp. US Non-Farm Payrolls came at...
by Amruth Sundarkumar | Feb 3, 2023 | Credit Ratings, Macroeconomic news
Bond markets continued its rally with benchmark yields down ~3bp across the curve. The peak Fed funds rate was flat at 4.89% for the June 2023 meeting. Currently the probability of a 25bp hike in the FOMC March meeting stands at 89%. US IG CDS spreads tightened by...
by Amruth Sundarkumar | Feb 2, 2023 | Credit Ratings, Macroeconomic news
Bond markets saw a sharp rally with benchmark yields down over 10bp across the curve after the FOMC meeting, where the Fed hiked its policy fed funds target range by 25bp to 4.5-4.75%. The peak Fed funds rate was down 4bp at 4.92% for the June 2023 meeting. At the...
