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 :

You might also read :

February 17, 2021

EUAs retreated after failing to reach new record

The European power spot prices slightly decreased yesterday, weighed by forecasts of higher wind output and milder weather. Prices eroded 2.48€/MWh to reach 49.73€/MWh on…
February 8, 2022

Bond spreads widen in the euro area

Yesterday was a relatively quiet day on the markets in the absence of a key market mover. Christine Lagarde assured that the adjustment of the ECB’s…
May 24, 2021

Prices up on the spot, down on the far curve

European spot gas prices rebounded on Friday, supported by higher residential demand and weak pipeline supply. Indeed, Norwegian flows weakened again, averaging 263 mm cm/day,…
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?