10-Year Treasuries have declined 46% from the peak in March 2020 which is among the greatest meltdowns in financial history including the 49% drop in equities during the Dotcom Bubble
Source: Bloomberg, Barchart
US Investment Grade bond yields have moved up to 6.3%, their highest level since June 2009
In early 2021 they hit an all-time low of 1.79%. A competition for stocks? Source: Charlie Bilello
Turkey’s Inflation tops 60% despite massive interest rate hikes as oil surge worsens outlook
Source: HolgerZ, Bloomberg
BREAKING: UK Metro Bank shares plunge 50% as it tries to urgently raise £600m capital
- Metro Bank is seeking to raise up to £600mn after its share price fell almost 50 per cent in recent weeks, said people with knowledge of the plan. The UK challenger bank is in talks with investors about raising £250mn in equity funding and £350mn in debt to shore up its balance sheet, the people said. - The talks came after regulators last month failed to approve a request from Metro to lower the capital requirements attached to its mortgage business. - Bank Crisis - Round II ? Source: FT
Is ADP the start of something big or an anomaly, knowledge_vital asks as ADP report for September saw a huge drop in new jobs to just 89k vs. 150k forecast, & down from +180k in Aug
The 89k is the softest number since Jan 2021. Large comps drove downside, they shed 83k jobs in September. Souce: HolgerZ, Bloomberg
Embrace the new normal…
Source: Nikolay Kolarov
Soft landing?
U.S. Economic Optimism Index plummeted to 36.3 in October, the lowest reading ever recorded. Source: Barchart
Yields on 10-year Treasuries are now almost equal to the trailing 12-month earnings yield on the S&P 500 index. This is the first time that's the case going back to 2002
Source: Bloomberg, Lisa Abramowitz
