S&P 500 Futures improve amid steady yields, Fed talks, inflation concerns in focus – by anilpanchal7 RiskAppetite SP500 Futures Fed YieldCurve
while struggling with geopolitical and recession woes amid a sluggish Asian session.
While portraying the mood, the S&P 500 Futures print mild gains around 4,115 while snapping the three-day losing streak whereas the US Treasury bond yields seek clear directions after flashing the first daily loss in the week the previous day. On Wednesday, the US 10-year Treasury bond yields snapped a three-day uptrend with mild losses to around 3.40% while the two-year counterpart also eased to 3.96% by marking the first daily negative in five.
If we trace the receding fears of hawkish central bank actions, news/data from the US, Canada and Australia gain major attention. On the other hand, North Korea’s ballistic missile firing joins China’s dislike for the US-Taiwan ties and the Russia-Ukraine war to weigh on the sentiment. Also challenging the risk-takers are the fears of a recession in major economies, as conveyed by the International Monetary Fund . dropped to the lowest level since May 2021, to 5.0% YoY in March from 6.
Apart from the US inflation, the Minutes of the latest Federal Open Market Committee Monetary Policy Meeting also challenged the Fed hawks by stating that the expectations for rate hikes were scaled back due to the turmoil in the banking sector. “Several Federal Reserve policymakers last month considered pausing interest rate increases after the failure of two regional banks and a forecast from Fed staff that banking sector stress would tip the economy into recession,” mentioned Reuters.
Not only the US inflation and Fed Minutes, but comments from some of the Federal Reserve Officials also suggest easing inflation and the need for a halt to the rate hike trajectory, which in turn weighed on the US Treasury bond yields and the
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