In the US, the tone was mixed from Fed members on the future of the Fed's monetary policy.

The Fed minutes essentially revealed that the process of tightening monetary policy is expected to continue at least until the second quarter of 2023.

The release of the U.S. PPI has put the Fed members under pressure.

Interest rate volatility rebounded sharply last week, while U.S. Treasuries had their worst week in 2023.

All major central banks raised interest rates again, but with different magnitudes and language.

In a surprise move, the Bank of Canada (BoC), after raising its policy rate by 25 bps, announced a pause at its current level (4.5%) unless economic data surprises on the upside.