Spooky Times
Equity and Fixed-Income markets are relatively quiet this morning after yesterday’s risk rally on the back of lower-than-expected quarterly borrowing estimates released by the US Treasury.
Articles by Eugene Epstein
Daily Market Pulse 31 Oct 2023
Daily Market Pulse 30 Oct 2023
Treasury in the Spotlight
This event-heavy week starts off with a positive tone as the USD weakens, equities gain, but US Treasury yields tick higher as the market awaits details of the Treasury's “quarterly refunding announcement” set to be released hours ahead of the Fed rate decision on Wednesday.
Daily Market Pulse 27 Oct 2023
Central Banks on the Horizon
Calm has returned to most markets this morning after a rocky week where the Nasdaq Composite Index entered a technical bear market, US Treasury yields crossed 5% for the first time in 16 years, and the USD reached 11-month highs when measured against a basket of currencies.
Daily Market Pulse 26 Oct 2023
Mixed Data
Risk-aversion dominates this morning as a combination of mixed tech earnings, strong US housing numbers, a more concerned Bank of Canada, and US Treasury issuance volumes put market participants on the back-foot.
Daily Market Pulse 25 Oct 2023
Strong Housing, Mixed Tech
Risk-aversion dominates this morning as a combination of mixed tech earnings, strong US housing numbers, a more concerned Bank of Canada, and US Treasury issuance volumes put market participants on the back-foot.
Daily Market Pulse 24 Oct 2023
Correlation, Dislocation, and Legislation
The USD is higher this morning against a basket of currencies, even as Treasury yields retrace, and equities partially recover from recent losses. Oil and gold are slightly lower on the day, while Bitcoin moved as...
Daily Market Pulse 23 Oct 2023
US Treasuries Are So 2007
The US 10-year Treasury yield finally broke above 5% earlier this morning for the first time since 2007.
Daily Market Pulse 20 Oct 2023
Risk-Covering, Weekend Edition
Risk starts the day on the back foot, continuing yesterday afternoon’s slide as market participants cut risk heading into the weekend, a common tactic during periods of heightened geopolitical tension.
Daily Market Pulse 19 Oct 2023
US Treasury Yields Front and Center
Markets are relatively stable this morning ahead of Fed Chair Powell’s noon speech at the Economic Club of New York.
