G10 Macro Rates: April Monthly Commentary

< 1 minute read time April started with a negative impulse provided by stern warnings from Powell and his Fed colleague Waller that rate cuts were looking much less likely.

G10 Macro Rates: March Monthly Commentary

< 1 minute read time March started with weaker data, ISM manufacturing and services both coming in lower than expectations especially the prices paid component, drawing the UST 10Yr bond yield down to a monthly low of 4.04%.

G10 Macro – Market Commentary

5 minutes read time 2023 encompassed the extremes of the recent global rate hiking cycle. The peak yield in the UST 10y rate of 5% at the end of October, sharply reversed on the Fed pivot to finish the year almost where it started at 3.88%.

G10 Macro Rates: December Monthly Commentary

2 minutes read time November was a sharp reversal of trends seen in the prior months and all the volatility in rates was very much a push back against the “higher for longer” mantra.

G10 Macro Rates: November Monthly Commentary

2 minutes read time November was a sharp reversal of trends seen in the prior months and all the volatility in rates was very much a push back against the “higher for longer” mantra.

G10 Macro Rates: October Monthly Commentary

< 1 minute read time The Pacific G10 Macro Rates team discuss the impact of October being the first month since January 2022 to not have a single G10 central bank move a base rate higher.