Market Overview January 24

The US 10-year Treasury bond yield increased for the second session in a row above 4%, and further increases are expected in the following weeks.

Economic News
2024年1月24日

The US 10-year Treasury bond yield increased for the second session in a row above 4%, and further increases are expected in the following weeks.

Following statements made by Fed officials indicating that there will be no early rate reductions this year, the gains occurred.

US Percentages

US 10-year Treasury rates increased 2.9% on Tuesday, marking the greatest gain in 2024 and the most since November, and then jumped 0.4% today to 4.079%, with a session low of 4.037%.

Fed Statements

According to Christopher Waller, a member of the Federal Reserve, the US is getting close to hitting its medium-term inflation objective of 2%, but the Fed still can't drop rates too soon.

In order to confirm that inflation has decreased sustainably, he claimed that additional data will be required in the following months.

US Exchange Rates

The probability of a 0.25% interest rate cut at the March meeting dropped to 65% after the optimistic statements.

Investors are currently awaiting key US retail sales and industrial production statistics to get hints about the policies' anticipated future course.

Robert Thompson

Economic News

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The impact of the present war economy on Israel's deficit, which is predicted to rise from 2.25 to 6.6% of GDP this year, was highlighted in a recently updated 2024 budget, and we will address this topic in this paper.

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Economic News

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In European trade, the euro appreciated vs the US dollar, holding onto gains for the second day and moving in a positive territory ahead of further indications regarding the direction of European policy going forward.

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Economic News

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Thursday saw a rise in sterling in European trade versus a group of significant competitors, continuing its recent gains against the dollar and reaching a five-month high due to the Bank of England's forecast.

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