Markets Core bonds sold off yesterday with the belly of the curve slightly underperforming in the US while European curves showed more of a bear flattening. Daily changes on the US curve varied between +4.7 bps (2-yr) and +6.4 bps (7-yr). The US 30-yr yield is again within reach of the multi-annual high reached end […]
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In focus today Today is very quiet in terms of data releases, with focus on the US NFIB Small Business Optimism Index for July. The index rose to a four-month high of 97.4 in June, Read more…
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RBA accepted that inflation has improved, but refused to turn that improvement into a declaration that rate hikes are finished. Cash rate was left unchanged at 4.35% unanimously, yet Board described policy as only “somewhat Read more…