Markets to Watch This Week: US Yields and JP Morgan
- By Bilal Hafeez
- Sign-up to discuss on Slack
- 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.
This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.
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.
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)
Enter your email to read this Macro Hive Exclusive
OR
Already have a Macro Hive Prime account? Log in