This week’s report contains an update on the Treasury curve’s recent bear-steepening trend and a look at different measures of long-maturity Treasury valuation.
In this insight, we look at whether the recent data justifies a shift by the BoC, and some potential trades.
In this insight, we look at whether the recent data justifies a shift by the BoC, and some potential trades.
The European Commission's preliminary release for Consumer Confidence painted a murky picture for consumer sentiment on Monday. The headline print of -17.9 was largely unchanged from the previous month's print of -17.8,…
Europe’s weak patch is not about the ECB’s policy tightening, at least not yet. 2024 is another story, and the ECB’s policy will prompt a Eurozone’s recession around the summer.
The biggest banks report that consumer credit card delinquencies still have yet to get back to pre-COVID levels and other credit performance indicators, leading and lagging, remain solid. There is still a great deal of cash sloshing…
German producer prices declined by a new record 14.7% y/y in September, broadly in line with expectations of -14.1% y/y and a steeper pace of contraction than August's -12.6% y/y. Meanwhile, the monthly rate of change…
The Conference Board's Leading Economic Index's 0.7% m/m decline in September sent a weaker-than-anticipated signal about the outlook for the US economy. It fell below anticipations that the pace of decline would remain…
Fed Chair Jay Powell's speech at the Economic Club of New York on Thursday corroborates the signal from other recent Fedspeak that policymakers may not need to hike rates again. He highlighted that although inflation is…