
Macro - Weekly Briefings - US
Description
Macro - Weekly Briefings - US
The belly of the curve led Treasury yields lower this past week, and the curve was broadly steeper, as traders curtailed forward-looking rate hike expectations following Wednesday's FOMC meeting (Chart 1). That also spurred strong gains in equities and modest dollar losses as the yen improved to 132.5 from the July 14 high of 139.4.
The belly of the curve led Treasury yields lower this past week, and the curve was broadly steeper, as traders curtailed forward-looking rate hike expectations following Wednesday's FOMC meeting (Chart 1). That also spurred strong gains in equities and modest dollar losses as the yen improved to 132.5 from the July 14 high of 139.4.
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