ECB Press ConferenceThe European Central Bank is set to keep borrowing costs on hold for a third meeting while stepping up efforts to convince investors that interest-rate cuts aren’t imminent. The deposit rate will be left at 4%, according to all economists polled by Bloomberg. How long it stays there, though, is an everhotter topic, with Presid...

Buy the DipTwo major Wall Street firms are recommending investors start buying five-year US notes after they saw their worst rout since May last week. Morgan Stanley sees scope for a rebound in Treasuries on expectations data in the coming weeks may surprise to the downside. JPMorgan is suggesting investors buy five-year notes as yields have alr...

Caution Ahead Top Wall Street bankers are saying they expect central banks to cut interest rates more slowly than the market is anticipating. Their caution echoes that of central bankers in recent days, prompting traders to wind back aggressive bets for lower rates this year. “It doesn’t make sense,” State Street Chairman and CEO Ron O’Hanley...

Rate Pushback Central bank officials and investors are pushing back against expectations for interest-rate cuts in 2024, which risks weighing on global risk sentiment. Several policymakers from the European Central Bank signaled it’s too early to consider lowering borrowing costs, prompting traders to pull back on bets for rate reductions. I...

Good Day. A quiet start to the Trading week yet again after a dramatic move in Oil last Friday, and U.S. Dollar getting hammered. FOMC meeting minutes this week will be a key driver of market direction. Jeremy Hunt is set to reveal plans to cut the UK’s tax burden on Wednesday, a pivotal moment for the struggling Tories ahead of a...

Good Day. Sunak opened a rift in his party, US inflation data lies ahead and a fentanyl crackdown is coming. Here’s what people are talking about.  Big Bond Rally Up and down Wall Street, it’s becoming increasingly clear that the US bond market won’t see a sustained rally unless the economy surprises even the Federal...