Bond yields push higher, heavy losses in equities a day out from the Fed
Stocks, bonds and currencies have seen big moves, as you’d expect from month end a day out from the Fed says NAB’s Skye Masters.
NAB Morning Call · NAB - The Morning Call
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Wednesday 1st May 2024
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A month-end a day out from the Fed decision in the midst of some earning results for some heavyweight stocks, its hardly surprising we saw a lot of volatility in bonds, currencies and equities in this session. NAB’s Skye Masters says yields pushed higher on the release of US employment costs, which were higher than expected, contribute g to more of a push back in the timing of Fed rate cuts. Jerome Powell would have to be uber hawkish to pish rates any higher says Skye, but we’ll know this time tomorrow.
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