Macro Updates 19/02/2024 Trading Markets
5 min readFeb 18, 2024
The very last post from previously, before I carry on another one
https://medium.com/@kiann00/macro-updates-12-02-20234-trading-markets-b57b250aad32
- Markets (Current market, and maybe past week market moves)
- Key Events of the past week
- Key Events of the coming week
- Any trading strategy/thoughts
Hit a paywall? Please help me by subscribing to Medium (or just follow me) with this link : https://medium.com/@kiann00/subscribe π
β β β β β β β
- Markets (Current Markets, and maybe past week market moves)
US rates :
US bond-yields sold-off +15bp across the curve, with a bear-flattening bias week-on-week. The 2y was up +15bp to 4.64%, against the 10y +10bp to 4.28%. This was primarily driven by
- the US CPI coming in hotter than expected at 3.1% (non-core) YoY vs 2.9% expected
- and (equity) markets having front-run weak inflation and a goldilocks scenario aggressively before the inflation print.