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Bond market madness returns! Investors are rushing into long-term bond ETFs, betting on the Fed's significant 300 basis points interest rate cut.
With the market's reevaluation of the Fed's interest rate cut expectations this year, investors are flocking to long-term bond ETFs for safe haven.
Long the US long bonds! The inflow of funds into the popular US bond ETF TLT has reached a record high.
Blackrock's long-term bond ETF received a daily inflow of $2.7 billion, with investors boldly betting on at least four rate cuts in the next nine months.
The sharp drop of the yen has dragged down the US bond market! The market is worried that the US's largest overseas "creditor" will sell off again.
① Overnight yields on US Treasurys rose across all maturities as the market is concerned that the Japanese authorities may sell US Treasurys to provide funds for forex intervention; ② Additionally, month-end liquidity scarcity and the rebound of inflation data from non-US economies such as Canada and Australia also put pressure on US Treasurys.
Futu Morning News | Nvidia's shareholders' meeting held! Next target will be industrial robot market; Amazon rose nearly 4%, with a market cap breaking through $2 trillion for the first time.
The Japanese yen fell below the 160 mark, reaching a record low since 1986; Micron fell over 7% after-hours, with better-than-expected results but unimpressive guidance for the next quarter.
The Federal Reserve's annual stress test results: banks have passed the stress test, paving the way for increased spending.
The annual stress test results of the Federal Reserve show that in a series of "extremely unfavorable" economic scenarios where the US unemployment rate soared to 10%, the stock market value plummeted by 55%, and commercial real estate prices plummeted by 40%, all 31 participating banks in the test did not fall below the bottom line of the minimum capital requirements, demonstrating the resilience and stability of the US banking industry in the face of potential economic risks. The banking industry is very optimistic about this and has increased its share buyback efforts, and there is also a possibility of a trend towards a more relaxed regulatory environment.
How long will it take for US inflation to return to 2%? Economist at the Cleveland Fed: if the economy does not decline, it will take another 3 years.
If the improvement of the supply chain no longer drives the decline in inflation, then the only thing that can bring downward pressure is economic recession. And if there is no recession, then more patience is needed, and it will take some time for inflation to return to 2%.