11th April 2022

  • Don’t Believe the Bond Market. Swaps Still Flash Recession Risk

10-year Treasury yield jumped back above 2-year rate this week

But forwards shows expectation of deep inversion this year

https://blinks.bloomberg.com/news/stories/RA0YV5T0G1KW

  • Surge in Treasury Yields Sends Ripples Across Global Markets

Benchmark yield rises to 2.75% for first time since 2019

Dollar pushes higher, yen drops, global stocks head lower

https://blinks.bloomberg.com/news/stories/RA5WH0DWLU6B

  • U.S. Inflation May Peak in March, But It’s a Slow Go to Fed’s 2%

Consumer prices seen rising at an annual rate of 8.4% in March

Rents, Russia’s war risk keeping inflation from settling back

https://blinks.bloomberg.com/news/stories/R9VTV8T0AFB5

  • Fed’s Mester Sees U.S. Inflation Rate at More Than 2% Into 2023

Says China’s lockdowns put more upward pressure on prices

Voices confidence U.S. can avoid recession as Fed tightens

https://blinks.bloomberg.com/news/stories/RA1CTMDWX2PT

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For more information please contact Rubrics Asset Management. info@rubricsam.com.