Interest futures had a strong rally this week as the Trump trade faded and data solidified bets for a December Fed rate cut. Meanwhile, Treasury yields and the US dollar eased from their peaks amid thin holiday trading on Thursday and Friday. The dollar and Treasury yields have rallied in November after Trump won the Read More…
Interest futures fell on Thursday as the dollar, and Treasury yields rose on upbeat US employment data. However, by Friday, prices recovered as market participants awaited the US manufacturing and services PMI figures. US jobless claims (Source: Labor Department) Data on Thursday revealed that US initial jobless claims fell from 219,000 to 213,000 last week. Read More…
Interest futures rallied on Thursday and Friday as Treasury yields fell after the US central bank lowered rates by 25-bps. The rally came after a dip to new lows due to fears of higher inflation and interest rates with the new Trump administration. Treasury yields eased on Thursday as the Trump trade faded. Initially, yields Read More…
Interest futures rose Friday as the dollar, and Treasury yields eased after downbeat US monthly employment figures. At the same time, investors were cautious ahead of the November 5th presidential election. Data on Friday revealed that the US economy added only 12,000 jobs in October, missing forecasts of 106,000. Meanwhile, the unemployment rate held steady Read More…
Interest futures fell on Thursday as mixed US data led to a slight decline in Fed rate cut expectations. Data showed that inflation in September was higher than expected. Meanwhile, employment figures showed weakness in the labor market last week. US core inflation (Bureau of Labor Statistics) Consumer Price Index figures on Thursday revealed that Read More…
Interest futures rose on Thursday and Friday as Treasury yields eased amid rising Fed rate cut expectations. However, the move was subdued as market participants waited for the core PCE inflation figures. Treasury yields eased on Thursday despite upbeat US data. The outlook for Fed rate cuts remains quite dovish, with investors pricing a 50% Read More…
