Has bad news become bad news again?

  • Macro-economy

When US jobless claims figures showed an unexpected second increase in a row yesterday, we thought the stock and bond market would both love them, but that was not the case: US equities were down for the 3rd day in a row in 2021 and the US 10y bond yield stands above 1.3% this morning. Bond yields in Europe have started rising more significantly too, so that the spread with US Treasuries is narrowing, which supports the euro vs the USD: the EUR/USD was back to 1.21 this morning.

Share this news :

You might also read :

ES-oil
February 3, 2021

US and Japanese crude stockpiles dwindles

Brent prompt futures continued to rally to 54.7 $/b on early Thursday as Saudi Arabia guaranteed that their voluntary supply cut would last two months…
ES-economy
October 29, 2021

Bond yields and the euro rebound

We spent the week noting the curious decline in bond yields while the US figures were frankly good. If they rebounded yesterday, it was not…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
Thank you for subscribing to our newsletter​

We will get back in touch with you soon.

Don’t forget to follow us on twitter!

Twitter
EnergyScan - Newsletter subscription
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]