A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more
One of the bond market’s most reliable indicators of impending U.S. recessions dipped further into triple-digit negative territory on Wednesday, as Federal Reserve Chairman Jerome Powell reiterated the need for higher interest rates. high and a possible reacceleration of the rate of increases. The widely followed spread between 2- and 10-year Treasury yields was minus … Read more
Signs of continued strength in the US labor market and lingering inflation in Europe were enough for bond investors this week to push yields to new milestones as interest rate expectations continue to readjust. The 10-year Treasury yield TMUBMUSD10Y ended Thursday’s US session above 4% for the first time since November, and traded there again … Read more
