Market Snapshot February 20th 2026
US – Iran on negotiation, and also on war preparation Data: 🟦 Global Rates | Yields firm as Fed repricing continues United States (UST): 2Y ~3.48% | 5Y ~3.72% | 10Y ~4.10–4.13% | 30Y ~4.74–4.78% — long-end drifted higher after stronger U.S. data and hawkish interpretation of Fed minutes. United Kingdom: 10Y Gilt ~4.48–4.55%, supported […]
Market In Review 08/2022
The USA is on holidays today so it should be a quiet start to the week. Data wise, there is a bunch of PMI’s out this week from Europe and USA. Personally I do not put a lot of weighting on PMIs as they are only a survey of expectations, not hard data of what has actually been manufactured or serviced. Also, there is the Kiwi Central Bank meeting, with the RBNZ expected to raise again to 1%.
Market In Review 07/2022
The USA inflation numbers printed the highest in 40 years at 7.5%, which the market took as a near certainty of a rate rise. This was reinforced by the US Fed member Bullard voicing extremely hawkish comments later that day. The odds of a rate rise of 50 basis points at the next Fed meeting shot up to 70%. The market was even pricing in a 25% chance of a 25 bp move before the next Fed meeting in March, a chance this week in fact.
