August 19, 2025
During the week, U.S. Treasury yields rose as investors digested the latest news about the second-quarter earnings season.
second-quarter earnings season.
News about tariffs and global trade took a backseat to the...
August 19, 2025
Wall Street's summer calm was broken by a wave of selling in technology giants. Indicators are down, highlighting the U.S. market's close dependence on corporate giants. The Nasdaq 100 FELL 1.4% - its second worst drop since April's tariff shock....
August 18, 2025
In a week where the focus will be on Powell's speech in Jackson Hole this Friday, the start was of little movement, with rates in the US rising marginally (+2bps), after equivalent falls in Europe; while in equities the main indexes at global level had variations of less than 2bps....
August 15, 2025
Worse than expected retail sales were not enough to keep the treasury curve from falling further after yesterday's PPI measurement, pushing yields up to 6bps, closing longs at the highest level of the week, back above 4.9% 20y and 30y. Equities did not have much movement, seeing value...
August 14, 2025
The producer price index showed a very different picture from yesterday's consumer price index, far exceeding expectations (monthly 0.9% vs. 0.2% exp and annual 3.3% vs. 2.5% exp), leading to a fall in the treasury curve (yields +5bps) in the face of a readjustment of rate cut expectations...
August 13, 2025
Treasury curve advance (-5bps) as the Trump administration increases pressure on Powell and the Fed to cut rates, leading futures to discount the 25bps cut in September, another 25bps cut in October and 50% chance of one more in December. Equities had another close...
August 12, 2025
During the week, U.S. Treasury yields
U.S. Treasury yields rose, as the 2Q earnings season draws to a close, with around 90% of S&P 500 companies
2Q earnings season is closing, with around 90% of S&P 500 companies already reporting their figures. At the same time, global trade tensions persisted....
August 12, 2025
U.S. inflation for July was mostly in line with expectations, coming in at 0.2% monthly headline and 0.3% core, while the annual was 2.7% headline (vs 2.8% exp) and 3.1% core (vs 3.0% exp), the initial reaction was a rally in the treasury curve, but slowly the longs were sold...
August 11, 2025
Wall Street refrained from making big bets ahead of a key inflation report, with stocks falling, losing steam. The dollar rose against most major currencies.
With earnings season almost over, investors are turning to...