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...

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...

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...

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...

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...

Higher rates globally ending the week, seeing a 4-7bps increase in the long end of European sovereign curves, while in the US the curve had a parallel move of 3bps. Meanwhile, US equities remain in demand, with the S&P and Nasdaq up almost 1%, again driven by...

Positive session for both Asian and European equities, while in the US "value" continues to lag as the Dow fell but the Nasdaq ended in green, boosted by Apple. In rates, the treasury curve closed flat and in Europe there were slight declines, except in the UK where there was a 2bps rise. In commodities, crude oil...

Technology continues to lead U.S. equities, with the Nasdaq up 1.2% amid talks of a Trump meeting with Putin and Zelenskiy next week. In fixed income, we saw a bear steepener in the treasury curve, with short bonds rising slightly and long bonds falling, driving the spread...

Asian equities rose along with European equities, while US equities gave back some of yesterday's gains in a day with no relevant news or data. Fixed income had no major movement either, seeing a slight bear flattener in the treasury curve, where short bonds fell (+4bps yields) and long bonds remained flat...