31 January 2024
The US Labor Department reported 9.026 million job creation in the latest December JOLTs job openings data, higher than the previous estimate of 8.75 million and also from Nov 8.925 million.
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30 January 2024
US Treasury yields declined, following the easing of concerns over planned US Treasury borrowing levels, from a previous USD 816 billion down to USD 760 billion. The Federal Reserve's FOMC Meeting will commence on Tuesday, which is expected to result in a decision to hold interest rates at current levels; furthermore, investors will be on the lookout for clues regarding a rate cut.
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29 January 2024
US economic data showed moderate inflation. A US Commerce Department report showed the Personal Consumption Expenditure index - the Federal Reserve's favorite gauge of inflation - actually remained unchanged at 2.6% yoy in December.
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26 January 2024
US GDP 4Q23 showed a stronger-than-expected figure, with slowing inflation supported soft landing expectations, has pushed the bond yields lower. The US recorded economic growth in 4Q23 of 3.3%, down from 4.9% in the third quarter, although it surpassed economists' expectations of 2%, driven by strong public spending.
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25 January 2024
US Treasury yields edged higher after the release of S&P Global US Manufacturing & Services PMI data which grew further in expansionary territory in January, pointing to underlying strength in the US economy, supporting the notion of no near-term interest rate cut by the Federal Reserve.
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