According to JPMorgan Asset Management (AM), the largest US Treasury sell-off in decades is set to get worse. This is because the Fed’s top priority is to fight inflation. U.S. Treasury yields have risen this year along with U.S. policy rates, but haven’t peaked yet and haven’t fully discounted the risk of an economic downturn, … Read more
The new leadership of the Communist Party of China was decided and the concentration of power in Secretary General Xi Jinping (President) became clear. Whether a Chinese asset portfolio aligns with Xi’s focus is more important than ever to investors. Mr. Xi, who has decided to enter the third term as general secretary, has consolidated … Read more
![[Mercato USA]Dollar in the low range of 150 yen, the weakest yen for the first time in 32 years – S&P 500 continues to fall – Bloomberg](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/idFrK24g9wPs/v1/1200x796.jpg "[Mercato USA]Dollar in the low range of 150 yen, the weakest yen for the first time in 32 years – S&P 500 continues to fall – Bloomberg")
On the 20th in the US financial market, stocks continued to decline and government bond yields increased. The hawkish remarks from U.S. financial officials were aware.The Overnight Index Swap (OIS) market, which shows the market’s expectations of the U.S. policy rate, expects rates to reach the first half of 2023.reaches 5% and reaches peaksIncorporated the … Read more
JPMorgan Chase & Co. reported the highest quarterly net interest income (NII) ever recorded in the third quarter. The full-year NII outlook has also been revised upwards. benefited from interest rate hikes by the US Federal Reserve. According to the 14th quarter financial results announcement, NII for the third quarter was $ 17.6 billion (about … Read more
On the 12th, the UK bond market was hit by violent volatility. Longer-term UK bonds started in negative territory and widened the decline in the afternoon. 30-year bond yields rose above 5% at one point. Traders sold their bond holdings after a Bank of England spokesperson confirmed the end of the bond purchase program as … Read more
At the Federal Open Market Committee (FOMC) meeting on September 20-21, officials said they would raise interest rates to binding levels in the near future and push inflation to target levels, indicating a policy to be maintained at that level. . This was revealed by the minutes of the meeting published on 12. However, the … Read more
Mohamed El-Erian, Allianz’s chief economic adviser in Germany, said Wednesday that an aggressive Fed tightening would not only hurt the US economy, it would affect other economies as well. Bloomberg Television Statement. “We are not stepping on the brakes, we are stepping on the brakes,” he said of rapid rate hikes to cope with inflation. … Read more
last weekm Employment statisticsAs the Fed’s dovish turn appears to have been ruled out, speculators are becoming riskier ahead of the US Consumer Price Index (CPI) release on the 13th. If year-over-year growth exceeds last month’s 8.3% gain, it would be a big problem for the stock market, according to the trading desk of JPMorgan … Read more
In the $ 23.7 trillion Treasury market, the biggest buyers are pulling out. Japanese pension funds and life insurers, foreign governments and US commercial banks once lined up to get their hands on US Treasuries, but most of them are now back. And let’s not forget the US Fed, led by Fed Chairman Jerome Powell. … Read more
New York Fed Chairman Williams said the policy rate will eventually have to rise to around 4.5%. But the pace of the rise and peak in this tightening cycle will depend on future economic conditions, he said. “The timing and how much we need to raise the rates depend on the data,” he said Wednesday … Read more