Core inflation eases only marginally in April (5.60% y/y). Services inflation accelerates again, with an even bigger rise in ex-package holidays, air fares & accommodation (pages 2-8) Ifo expectations shows big…
Read More
US Treasury yields rose every session last week. The 2-year yield rose to a post-SVB high of 4.28% on Friday. The 10-year yield climbed back up to 3.70%. The 30-year…
Sizeable pullback in JGB yields and impressive rally in TOPIX, led by electric & precision instruments, and machinery. But Yen drifting lower (pages 3 – 5) Core inflation still rising in Japan,…
Some of the recent uptick in initial claims has been attributed to fraudulent activity in Massachusetts. Of course, a material rise in claims may simply be a matter of time….
Core inflation remains stubbornly high. Bank of England forced to revise up inflation forecasts. Supermarkets coming under political pressure for accelerating food inflation – BRC index shows further rise in…
10-year US Treasury yield struggling for direction, finishing the week at 3.46%. Strong payrolls report for April counteracted by jump in initial claims. 30-10 years portion of the US Treasury…
