Macro Updates 11/12/2023 Trading Markets

The very last post from previously, before I carry on another one

https://medium.com/@kiann00/macro-updates-04-12-2023-trading-markets-e4cfe0ebdacc

1. Markets (Current market, and maybe past week market moves)
2. Key Events of the past week
3. Key Events of the coming week
4. Any trading strategy/thoughts

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1. Markets (Current Market, and Past Week Moves)

US yields bear-flattened, where the long end remained essentially unchanged (10y at 4.23%) while the front-end sold-off about +20bp to 4.72%.

This was partly driven by the strong labour numbers that came in where

• Tuesday 5th December : JOLTs came in alot below expectations of 8.7mm (vs 9.3mm expectations). However, taking a zoom-out view, we see that JOLTs is much higher than the historical average before the COVID pandemic.