Trump said he will fire Fed Governor Lisa Cook over document forgery, which is expected to be a major legal war given the lack of precedent for firing a Fed governor; however, short treasuries rose (yields -5bps) and longs were unchanged. In equities...

The treasury curve gave back some of Friday's advance, rising 3-4bps in yields, along with a 5-8bps rise in Europe. Equities rose in Asia, but fell in the US and Europe on a day of low volume. On the commodities side, energy rose 1.5%, while metals and agriculture fell slightly...

Powell was accommodative in his remarks at Jackson Hole, opening the possibility of a 25bps cut in September that sent the market into euphoria, leading to a nearly 2% rally in equities and an advance across the treasury curve, particularly short bonds that fell 10bps in yields (-4bps for longs)...

With the market awaiting Powell in Jackson Hole tomorrow, we saw a further rate hike globally, which on the Treasury curve was 3-4bps and a relevant move in rate futures, which assume a 72% probability of the 25bps cut at the September meeting and 90% of a second cut....

Stocks recover from session lows after a drop in tech during the week, in the latest sign of feverish trading on Wall Street ahead of Jerome Powell's Jackson Hole speech. After a plunge that saw stocks lose billions of dollars, the...

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....

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....

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...