Greetings,
The United States: Treasury yields are down sharply over the past couple of days.
The market has massively repriced Fed rate hike expectations. 50 bps this month looks unlikely now.
Equities: Big banks have been the beneficiaries of SVB’s troubles (as deposits flow in their direction).
Here is last week’s performance data across sectors.
Credit: This chart shows mark-to-market losses in the overall banking system.
Canada: The employment report was stronger than expected.
Emerging Markets: EM debt sales have slowed.
Food for Thought: To conclude, here are different ballistic missile trajectories:
Edited by William Villacis
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