Inflation day
The dollar remained range-bound yesterday, as bond prices remained stable. Equities globally resumed their slow growth, lifted by tech stocks and the banking sector. The…
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.
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