Markets US Treasuries went from bear steepening on Thursday into flattening going into the weekend. Yields added between 2.3 (30-yr) and 4.7 bps (2-yr). The (very) long end of the curve thereby almost fully erased the kneejerk drop following the US Treasury buyback announcement. The limited size (>$4bn per operation) was never going to have […]
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The Australian dollar’s steady climb became a sprint late last week, jumping 0.85% on Friday to fresh current leg highs near 0.7180. What had been a measured grind higher accelerated more emphatically, with the Australian Read more…
In focus today Today is quiet in terms of data releases. Focus remains on the fixed income market after a very volatile week. Potentially another round of trade war between the US and Canada will Read more…
Canada is facing 50% US tariffs after trade talks collapsed, yet USD/CAD’s muted reaction — with oil, bonds, and the Dollar all failing to confirm a Canada-specific stress trade — suggests markets see this as Read more…