Macro Updates 18/12/2023 Trading Markets

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

https://medium.com/@kiann00/macro-updates-11-12-2023-trading-markets-ce9132b007a8

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 maybe past week market moves)

Undoubtedly, there was only one piece of news/event that drove the market last week : The US Fed FOMC, in particular where the dotplot came in dovish (updated with -75bp 3 rate cuts for FY 2024), and a decidedly dovish Press Conference by Chairman Jerome Powell.

• massive rally across the US treasury curve, where yields rallied -30bp across the board (little steepening/flattening move), driving the 2y to 4.43% and 10y below the pyschologically important 4% (3.92%).