BI 7DRRR In Line With Market Expectations
BI 7DRRR in line with market expectations, responded positively by strengthening the benchmark SUN yesterday.
Daily Report | 24 June 2022
Stress Tests Bank, liquidity enough to face economic downturn. Nasdaq led Wall Street’s gains, up 1.6% as yields on UST10Y fell 15bps to hit the psychological 3% level.
Strengthening SUN as Front Loading Strategy Ends
Strengthening SUN as Front Loading Strategy Ends. All benchmark SUNs strengthened, with FR0093 leading the decline in yields by 13 bps to 7.38%.
Daily Report | 23 June 2022
The Fed’s target is to contain inflation even if the economy slows sharply, according to Jerome Powell’s statement in front of Congress. Wall Street moved mixed before closing slightly lower.
Daily Report | 22 June 2022
Negative Correlation of Stock and Bond Market. Wall Street stock market rose more than 2%, driven by the increase in megacap growth stocks, and energy stocks, after coming under pressure in the past week.
The Government Did Not Win the FR93
The government did not win the FR93, book yield requests between 7.50%-7.70%. The yield expectation is higher than the previous SUN auction last June 7, between 7.20%- 7.43%.
SUN Benchmark Mixed Ahead of Auction
SUN Benchmark Mixed Ahead of Auction. Yield inversion still occurs between FR0092 with FR0091 and FR0093.
Daily Report | 21 June 2022
Bank Stress Tests Released on Thursday. While Wall Street was on holiday to commemorate Juneteenth, European markets rose earlier in the week.
FR0092 Yield Inversion
FR0092 Yield Inversion. This 20-year benchmark SUN recorded yield at the level of 7.37%, lower than FR0091 and FR0093 at the weekend.
