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Treasury Yields Continue to Move Higher

January 10, 2022
Overview: The new week does not mean new forces.  The dollar is recouping some of what it lost ahead of the weekend after the disappointing US jobs growth, but yields continue to rise and many risk assets, equities and crypto continue to struggle.  Asia Pacific equities were mixed.  With Tokyo closed, Hong Kong, China, Taiwan, and India advanced. …
Treasury Yields Continue to Move Higher Treasury Yields Continue to Move Higher Reviewed by Marc Chandler on January 10, 2022 Rating: 5
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USD Finishes Heavily, but Yields Continue to Rise, and CPI Lies Ahead

January 09, 2022
Last week's dollar gains were pared after the disappointing establishment job growth in December of 199k. That was less than half of what was expected.  The data continues to be distorted by the pandemic, for which the seasonally adjusted BLS applies, it is of dubious value now.  The household survey has been significantly better in recent mon…
USD Finishes Heavily, but Yields Continue to Rise, and CPI Lies Ahead USD Finishes Heavily, but Yields Continue to Rise, and CPI Lies Ahead Reviewed by Marc Chandler on January 09, 2022 Rating: 5
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Inflation and Geopolitics in the Week Ahead

January 08, 2022
The Omicron variant may be less fatal than the earlier versions, but it is disrupting economies.  The surge in the Delta variant well into Q4 in the US and Europe was already slowing the recoveries.  Investors will likely take the high-frequency real sector data with the proverbial pinch of salt until January data available beginning later this mo…
Inflation and Geopolitics in the Week Ahead Inflation and Geopolitics in the Week Ahead Reviewed by Marc Chandler on January 08, 2022 Rating: 5
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Could it be another Buy the Rumor Sell the Fact for the Dollar on the US Jobs Report? Could it be another Buy the Rumor Sell the Fact for the Dollar on the US Jobs Report? Reviewed by Marc Chandler on January 07, 2022 Rating: 5
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Fed's Minutes Roil Markets

January 06, 2022
Overview:  The minutes from last month's FOMC meeting seemed to imply a more aggressive Federal Reserve that rippled through the capital markets, spurring a sell-off in stocks and bonds and helping to lift the US dollar.  The dramatic slide in US equities has carried over to today's activity.  In the Asia Pacific region, Japan and Australi…
Fed's Minutes Roil Markets Fed's Minutes Roil Markets Reviewed by Marc Chandler on January 06, 2022 Rating: 5
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Dollar Eases

January 05, 2022
Overview:  The tech sell-off in the US yesterday, ostensibly driven by higher rates, carried over into trading today.  South Korea, China, and Hong Kong led the regional sell-off.  News that China's zero Covid tolerance led to a lockdown of the city of Xian with a population of around 13 mln played on fears of more supply chain disruptions.  A…
Dollar Eases Dollar Eases Reviewed by Marc Chandler on January 05, 2022 Rating: 5
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Brazil and the Missing Je Ne Sais Quoi

January 04, 2022
Is Brazil cursed to be always the country of the future while struggling today? It is perhaps one of the few countries that can be self-sufficient in food, energy, and fresh water. Yet, it seems Brazil is missing a certain inexplicable something that the French call je ne sais quois. It is like trying to grow crystals as a kid without getting that…
Brazil and the Missing Je Ne Sais Quoi Brazil and the Missing Je Ne Sais Quoi Reviewed by Marc Chandler on January 04, 2022 Rating: 5
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Rising US Yields Push the Yen to New Five-Year Lows

January 04, 2022
Overview:  The surge in US yields helped lift the dollar but did not block the equity rally.  The 10-year Treasury yield surged 12 bp yesterday and the 10-year break-even widened amid ideas that the Omicron variant will boost price pressures.  Japanese and Australian markets re-opened and led the regional equity advance with nearly 2% gains.  Taiw…
Rising US Yields Push the Yen to New Five-Year Lows Rising US Yields Push the Yen to New Five-Year Lows Reviewed by Marc Chandler on January 04, 2022 Rating: 5
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