The yield curve flattens in the US. Sharp rise in the USD

Macro-economy
June 18, 2021

Long-term bond yields have erased most their post Fed-meeting rise yesterday but the rise persists on shorter-term maturities. This reflects expectations that the Fed should tighten its policy sooner than expected and therefore be able to keep inflation under control. The equity market resisted well in this context. US tech stocks even rebounded. The USD kept its gains too and even reinforced them: the EUR/USD exchange rate plunged to 1.19.

Share this news :

You might also read :

January 18, 2021

The Chinese economy accelerated in Q4, but signs of weakness appeared in December

China’s GDP ended 2020 stronger than expected with a 6.5% yoy GDP growth. Yet, retail sales slowed down unexpectedly, even before the country faced the…

November 18, 2021

A further rate cut is expected in Turkey

It is almost certain that the Turkish Central Bank will announce a 3rd consecutive and significant rate cut today (-100 to -150bp). Since September, the key rate…

October 7, 2021

Diesel supply and demand shocks

Diesel cracks are soaring globally, which may indicate that there is stronger demand, partly due to oil-to-gas switch and a recovery in aviation demand that reduces…

Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter