The Daily Shot Brief – April 16th, 2021



Rates: The unexpected Treasury rally this week set the tone for global markets.

Source: Daily Shot


Japanese and other international fixed-income investors, who were net sellers earlier this year, are back in the Treasury market. US debt hedged into yen remains relatively attractive.

Source: Daily Shot


Equities: Despite strong Q1 results (due to trading) …

Source: @Tobin_Tweets


… bank shares underperformed as yields declined.

Source: Daily Shot


Emerging Markets: Ukraine hiked rates by 100bps (the market expected 50bps) amid concerns about capital outflows due to the Russian threat.

Source: Daily Shot


China: The Huarong situation is spooking bond investors.

Source: Bloomberg Read full article
Source: @WSJ Read full article


Europe: Coming from a low base, Europe’s economic surprise index is higher than the US, Japan, and China.

Source: Scotiabank Economics


Food For Thought: Age of cars and trucks in the US:

Source: The New York Times Read full article

Edited by Devon Lall

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