Don Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆ2d ago
1 BMO: Although #equities closed lower on the #Fed hawkishness yesterday, #futures are pointing to a bit of a recovery this morning ( #Nasdaq +1.5%, #S&P500 +0.9%, #Dow +0.5%). #Treasury #yields marched higher yesterday, and 10s are currently hovering around 4.46%. ๐Ÿงต
#markets
Don Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆ3d ago
Bloomberg: โ€œWe would be cautious about chasing the relief rally in #governmentbonds,โ€ said Thomas Hempell at Generali Investments, โ€œparticularly in the #US, where large #fiscal #deficits and still-elevated #inflation are likely to keep term #yields under upward pressure.โ€
#bonds #USTreasuries
Show threadDon Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆ4d ago
2 BMO: As such, #WTI #oil prices have taken another step down, and start the day just under $79. That's now a $17 retreat since the early-June highs, which has taken some heat out #yields, pared #Fed / #BoC tightening expectations somewhat, and has given another kick to the #equitymarket #markets
Don Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆ4d ago
1 BMO: #Markets are steady this morning with #equityfutures pointing to flat open & #Treasury #yields fading further as the #10-year #yield dips below 4.45%. That comes after the U.S. and Iran reached an agreement that will extend the #ceasefire and open traffic through the #StraitofHormuz #markets
Show threadDon Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆ5d ago
2 BMO: โ€ฆ effective with the signing this Friday. #Treasury #yields are lower along the curve, in the 2.3 bps to 4.8 bps range (curve steepening); the #USdollar is softer (BBDXY -0.25%) with the #loonie firmer (#CAD per #USD -0.14%). #WTI crude #oil prices -5.2%, flirting with the $80 mark #markets
Show threadDon Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆJun 12
2 BMO: #Treasury #yields are nudging lower at the long end (10s just below 4.46%) and the #USD index is little changed. The #loonie is a bit weaker this morning, at $1.398 (71.5 cents US).
Show threadDon Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆJun 10
2 BMO: #Oilprices, however, are relatively well-behaved with #WTI holding around $88, while #Treasury #yields are little changed ahead of this morning's U.S. #CPI print. The #loonie starts the day on stable footing at $1.393/USD ($71.8 US cents). #markets
Show threadDon Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆJun 9
2 BMO: #Treasury #yields are lower along the curve, as much as 2.3 bps at the front end. And the #U.S.dollar is weaker (BBDXY -0.25%), with the #loonie stronger ( #CAD per #USD -0.15%). #markets
Show threadDon Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆJun 8
2 #TorstenSlok, chief economist at Apollo Global #Markets: #profitmargins are rising for the #Mag7 but flat for the #S&P493. The bottom line is that #Fed hikes and higher all-in #yields continue to bite for #companies with weaker credit fundamentals โ€ฆ ๐Ÿงต
Show threadDon Curren ๐Ÿ‡จ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ฆJun 8
2 BMO: โ€ฆ while the #Dow is pointing to a slightly lower (-0.1%) open. #Treasury #yields are higher along the curve, by almost 2 bps at the long end, while the #USD index and the #loonie are little changed. #markets