Markets to Watch This Week: US Yields and JP Morgan
- By Bilal Hafeez
- 1 min read
In this report, we standardise price changes across different markets to allow for cross-market comparisons.
US 2-year yields saw a 2.5+ standard-deviation jump last week, which see the US 2s10s flatten by 1+ standard-deviation. Elsewhere, EM equities saw notable moves to the upside, while JP Morgan saw a 1.9 standard-deviation drop.
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In this report, we standardise price changes across different markets to allow for cross-market comparisons.
US 2-year yields saw a 2.5+ standard-deviation jump last week, which see the US 2s10s flatten by 1+ standard-deviation. Elsewhere, EM equities saw notable moves to the upside, while JP Morgan saw a 1.9 standard-deviation drop.
Markets that saw 1+ standard-deviation gains last week included:
- Equities: TSMC (Taiwan), BOVESPA (Brazil), Hang Seng, NIFTY, and Tencent
- Rates: US 2-year, Norway and Canada 2-year swap
- FX: JPY/USD
- Commodities: Oil
Meanwhile, these markets saw more than 1 standard deviation declines:
- Equities: JP Morgan
- Rates: US 2s10s and Japan 2-year
For this week, we’d watch the US 2-year and JP Morgan.
Bilal Hafeez is the CEO and Editor of Macro Hive. He spent over twenty years doing research at big banks – JPMorgan, Deutsche Bank, and Nomura, where he had various “Global Head” roles and did FX, rates and cross-markets research.