Currently, the 10-year yield is at 3.98%
A move above 4% on the 10-year Treasury yield caused the last 2 blowups in financial markets: - UK pension fund - US regional banks Source: Game of Trades
$ARKK Cathie Wood's innovation ETF pushing to new 2023 highs
Source: Trend Spider
S&P earnings growth is expected to trough in 2Q at -9%
As we enter the us 2Q earnings season, the least we can say is that the bar is low (in terms of expectations) which means that we could see beats on an aggregate level. Goldman Sachs: " Consensus estimates for 2Q growth since the beginning of April have been cut from -6% to -9%." Source: GS, TME
2Q US Earnings Season
S&P 500 earnings reporting by market cap. Two more weeks and then the boom... Source: MS, TM
Hedge Funds YTD returns by strategy as of June 30th
Source: Aurum
Yahoo considers IPO six years after delisting
Yahoo, the Dotcom sensation that was delisted in 2017 following its acquisition by Verizon, is reportedly considering a re-listing. Yahoo CEO Jim Lanzone has said he intends to take the company public again, as the Internet services company looks to return to its glory days, the Financial Times reported, citing an interview with the executive. The latter stressed that the company was ready for the planned IPO. Yahoo is "financially ready", with an excellent balance sheet, he is quoted as saying, while stressing that the company is "very profitable". Source : Financial Times
The most inverted US yield curve since the 80s
The 3-Month Treasury bill yield of 4.97% is now 1.42% higher than the 10-Year Treasury bond yield (3.55%). With data going back to 1962, only March 7, 1980 (recession: Feb-Jul 1980) had a more inverted yield curve than today. Source: Charlie Bilello
Busiest week ever for European bond primary market!
With one day to go, corporate financing via the Europe's public bond market has reached a record weekly level with over $100 billion of debt printed to date. Source: Bloomberg
