Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Summary: Today we discuss the weak close to the week for equities on Friday after the official US jobs data came in far softer than the blowout ADP private payrolls numbers the prior day. Interestingly, while long US treasury yields remained elevated, the JPY strengthened the most of any major currency versus the US dollar - is this on overextended positioning? Elsewhere, we look at TSMC's better than feared preliminary results of the last quarter, look ahead to the start of earnings season later this week, talk metals in the commodities round up and much more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
Listen to today’s podcast - slides are available via the link.
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