by Amruth Sundarkumar | Apr 26, 2023 | Credit Ratings, Macroeconomic news
US Treasury yields dropped further yesterday as risk-off caught on to the markets. The demand for haven assets (Term of the day, explained below) saw the US 2Y yield fall 16bp to go back below the 4% mark. The 10Y yield was down 7bp. This comes on the back of revived...
by Amruth Sundarkumar | Apr 25, 2023 | Credit Ratings, Macroeconomic news
US Treasury yields dropped by 9-10bp across the curve on Monday. As per reports, the US Treasury is expected to hit its debt ceiling by July-August, which led to investors flocking to the very near-end of the curve. This led to the spread between 1-month (currently at...
by Amruth Sundarkumar | Apr 24, 2023 | Credit Ratings, Macroeconomic news
US Treasury yields firmed by 3-5bp across the curve with the US Flash Composite PMI reading for April rising from March’s 52.3 to a 11-month high of 53.5. This was also much higher than estimates of 51.2, indicating some underlying strength in the economy. CME...
by Amruth Sundarkumar | Apr 21, 2023 | Credit Ratings, Macroeconomic news
US Treasury yields dropped yesterday with the 2Y yield down 12bp and the 10Y down 7bp. This comes on the back of economic data yesterday that points towards some indications of a slowing down of the US economy. Weekly initial jobless claims rose to 245k from 239k, its...
by Amruth Sundarkumar | Apr 20, 2023 | Credit Ratings, Macroeconomic news
US Treasury yields continued to remain rangebound, while the peak Fed funds rate was 2bp higher to 5.12% for the June meeting, implying at least one more 25bp hike. NY Fed’s John Williams said that while the banking sector has stabilized after the events at SVB...
by Amruth Sundarkumar | Apr 19, 2023 | Credit Ratings, Macroeconomic news
US Treasury yields were stable across the curve and the peak Fed funds rate was 1bp lower to 5.10% for the June meeting. The probability of a 25bp hike at the May meeting reduced slightly from 87% to 82%. US IG and HY CDS spreads widened 0.1bp and 3.3bp respectively....
