The US Federal Reserve Senior Loan Officer Opinion Survey (SLOOS) continues to show the impact of the Fed’s tightening cycle. Banks were still tightening lending standards for commercial and industrial (C&I),…
Treasury yields continued to push higher on Monday, bringing the total increase over the past two trading days to 29bps. The move comes on the back of strong economic data releases indicating that conditions in the US are…
BCA Research’s European Investment Strategy service upgrades Swedish government bonds to neutral from underweight within European fixed-income portfolios. The Riksbank kept its policy rate steady at 4% last week.…
The US Employment report came in well above consensus expectations on Friday, delivering a strong positive signal on labor market conditions in January. The 353 thousand increase in nonfarm payroll employment beat expectations of…
In this Insight our Equity Analyzer team explores how the S&P 500 behaves when the Fed Funds Target Rate drops by 25bps – 150bps within a single year. The current dot plot is signaling 75bps of cuts by the end of the…
Our thoughts on bond positioning following this morning’s employment data.
As expected, the Bank of England voted to keep its bank rate unchanged at 5.25% on Thursday – maintaining policy on hold for the fourth consecutive meeting. Two of the nine MPC members voted in favor of a 25bps rise (one…
Given the huge disparities in wage inflation between the US, euro area and UK, it is remarkable that the markets are pricing near-identical rate cuts from the Fed, ECB, and BoE of around 150 bps through 2024. Assuming central…
In this Insight, we share our thoughts on yesterday’s FOMC meeting and the Fed’s likely next moves, with implications for US bond strategy.
As expected, the Fed decided to keep policy unchanged at the conclusion of the FOMC meeting on Wednesday. The changes to the Fed Statement generally indicate that the central bank is preparing to move towards easing monetary…