Bond yields slightly up before Jackson Hole

US equity markets hit new highs yesterday, but futures flipped and Asian markets fell instead. The dollar is fairly stable around 1.1750, but bond yields are edging up with the US 10 year now at 1.33%. The economic reports have little impact before Jerome Powell’s speech scheduled for tomorrow in Jackson Hole.

Yesterday, the decline of the IFO index in Germany again highlighted the supply problems affecting the automotive sector in particular. The impact of the delta variant has been more moderate than in other European countries so far in Germany. Durable goods orders stagnated in July in the US and continue to trend downwards, which may reflect some uncertainty regarding corporate taxation.

Today, US jobless claims and revised Q2 GDP growth figures (+6.5% according to first estimates).

Economic market
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

March 8, 2022

Prices maintain their strong uptrend

European gas prices rose to new all-time highs on Friday. Although Russian supply continues to flow (even increasing to 267 mm cm/day on average on…
January 27, 2021

Improving outlook for China

Brent futures prices edged higher at 56.3 $/b for the front-month contract, as the API survey reported a sizable draw in crude oil inventories. At…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet?  Sign up here!