Interest futures recovered slightly after falling on Thursday as US data showed a resilient economy, further reducing the risk of a recession. At the same time, the likelihood of a 50 basis points Fed rate cut in September fell. A stable economy means the US central bank can gradually lower borrowing costs. US GDP (Source: Read More…
Interest futures fell on Thursday as Treasury yields soared with a drop in expectations for a 50 bps Fed rate cut. However, the move reversed before Fed Chair Jerome Powell’s speech on Friday. At the same time, there is still optimism about a 25 bps September Fed rate cut. Treasury yields had a bullish day Read More…
Interest futures plunged on Thursday as upbeat US economic data boosted risk appetite. At the same time, investors moved to price a lower likelihood of a 50-bps Fed rate cut at the September meeting. However, the move reversed on Friday as the probability of a 25-bps Fed cut rose. As US inflation data solidified bets Read More…
Interest futures fell Thursday as Treasury yields rebounded after better-than-expected US employment data. At the same time, prices retreated as risk appetite improved after a period of economic uncertainty that boosted bond markets. Interest futures rallied last week and extended gains on Monday as investors panicked after poor US data. The nonfarm payrolls report revealed Read More…
Interest futures soared on Thursday and Friday as Treasury yields fell after poor US economic data. At the same time, geopolitical tensions led to a scramble for safe assets and boosted prices. The US ISM manufacturing PMI fell from 48.5 in June to an 8-month low of 46.8 in July. The sharp decline in business Read More…
Interest futures rose on Thursday but closed well below session highs after a mixed US GDP report. Moreover, investors were gearing up for the core PCE price index report due on Friday for more clues on the outlook for Fed rate cuts. US economic growth (Source: Bureau of Economic Analysis) Data on Thursday revealed that Read More…
