Insights

Macro update: Is fed tightening almost over? Here’s what the markets think

exchange68September 13, 2024

0 0 1 minute read

Quick Take

U.S. two-year yields set for the largest two-session drop since 1987, according to Zerohedge.
Since last night, S&P futures have given up all their gains; contagion has further spread into the banking sector as Credit Suisse is down 10% to new lows, and the flight out to weak banks is just starting.
Global bond yields have fallen worldwide; Japan’s 10-year yield dropped to 0.3% from 0.5% — while Germany’s two-year bond yield set for the largest drop on record.
Markets believe U.S. central bank will pause at the upcoming FOMC on 22nd march.
The implied peak rate is down to 4.8% from an expected 5.7%

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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