{"id":1992672,"date":"2023-08-06T19:25:02","date_gmt":"2023-08-06T23:25:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-markets-yield-to-u-s-curve\/"},"modified":"2023-08-06T19:27:31","modified_gmt":"2023-08-06T23:27:31","slug":"marketmind-markets-yield-to-u-s-curve","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-markets-yield-to-u-s-curve\/","title":{"rendered":"Marketmind: U.S. curve dominates markets."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">10<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmarketmind-markets-yield-to-u-s-curve%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1992672&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>By Jamie McGeever<\/strong><\/p>\n<p><strong>(Reuters) \u2013 A look\u200c at the day ahead in Asian markets \u200bfrom \u2063Jamie McGeever, financial markets columnist.<\/strong><\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<h2>Asian Markets Await Key Economic Data and Events<\/h2>\n<p>A \u200cclutch of top-tier Chinese economic data, second-quarter\u2063 growth figures from Indonesia and the\u200b Philippines,\u2063 and an Indian interest \u2063rate decision are the main events in\u200c Asia this week, with markets highly sensitive to \u2063rising global\u2063 bond yields.<\/p>\n<p>The Nasdaq, S&#038;P\u200d 500 and MSCI World index last week all registered their biggest weekly losses since March, and the MSCI \u2062Asia ex-Japan index\u2019s 2.3% fall \u2063was its biggest in six weeks.<\/p>\n<p>Driving the\u2064 deterioration in risk appetite \u200dis the surge in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/shares-slide-dollar-dominates-as-rate-hike-fears-mount\/\" title=\"Shares slide, dollar dominates as rate hike fears mount\">global bond yields<\/a>, especially U.S. market-based borrowing costs as the long end \u200cof the Treasury curve came under intense selling pressure.<\/p>\n<p>The U.S. yield curve steepened by 20-30 basis points last\u2063 week \u2013\u2064 the biggest steepening since March \u2013 and the steepening of the 2-year\/30-year yield curve by 30 basis points was one of the biggest weekly moves in over a decade.<\/p>\n<p>Perhaps counterintuitively, from a stock market perspective at least, this is partly \u2064due \u200dto the resilience of the U.S. \u2062economy. The \u2018soft landing\u2019 or even \u2018no landing\u2019\u2063 narrative is gathering momentum, and JP\u200c Morgan on Friday became the \u2062latest Wall Street bank to remove or delay their \u2064U.S. recession\u200b call.\u2063 <\/p>\n<p>U.S.\u200c fiscal worries are also growing, however, and\u2063 the Bank of Japan\u2019s recent \u2018yield curve control\u2019 surprise has lifted Japanese bond yields. All else \u2064equal, financial conditions are\u2062 tightening, and\u2063 despite a strong U.S.\u200b earnings season scorecard, stocks are feeling \u2064the squeeze.<\/p>\n<p>Asia\u2019s corporate earnings season picks up this week, with Alibaba\u200b the standout in a \u200dtrickle from China, and Sony and Softbank \u200bamong a flood of big names from Japan.<\/p>\n<p>Several potential market-moving data releases and events in Asia \u2062are also due, as well U.S. consumer price \u200dinflation for July. Economists polled by Reuters expect the annual rate to rise to\u2063 3.3% from 3.0%. <\/p>\n<p>On the economic front, the main \u200bfocus will be Chinese trade, lending, producer price and consumer inflation data. Investors will be hoping for signs that deflationary pressures and weakness in import and export activity this year are finally abating. <\/p>\n<p>If not, the pressure on Beijing to inject substantial stimulus into the economy will only intensify. On \u2063its \u200bown, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-markets-yield-to-u-s-curve\/\" title=\"Marketmind: U.S. curve dominates markets.\">cutting banks\u2019 reserve requirement ratios<\/a> will not be enough. <\/p>\n<p>The Reserve Bank of India, meanwhile, is \u200bexpected to keep\u2064 its benchmark repo\u2064 rate on hold at 6.50% on Thursday and hold it there through March \u200b2024.<\/p>\n<p>Monday\u2019s calendar in Asia\u200d is fairly light, \u200cwith \u2064Indonesian Q2 GDP and Thai inflation for July the main releases. Indonesia\u2019s \u2062economy is expected to have grown 3.72% in \u200dQ2, rebounding from a 0.92% contraction in Q1, but slow slightly on\u200c an annual basis.<\/p>\n<h3>Key Developments for Monday:<\/h3>\n<ul>\n<li>Indonesia\u200d GDP (Q2)<\/li>\n<li>Thailand \u200cCPI inflation\u200b (July)<\/li>\n<li>China FX reserves (July)<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/marketmind-markets-yield-to\/attachment\/file-photo-a-woman-walks-past-a-man-examining-an-electronic\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>This week has been filled \u200bwith major headlines in the U.S. and around the world. One America\u2019s Rachel Acenas brings us the latest.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Tom MacDonald<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with \u2063Gregory\u2064 Angelo<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Anthony Watson<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>CAIRO (Reuters) \u2013 Saudi Arabia signed a strategic\u2063 agreement with Turkish defence firm Baykar Tech to localise the manufacturing of drones in\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>CAIRO (Reuters) \u2013 Saudi Arabia signed a strategic agreement with Turkish\u200c defence firm \u2062Baykar Tech to localise the manufacturing \u200cof drones \u2064in\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By David Shepardson and Diane Bartz WASHINGTON (Reuters) -A U.S. judge hearing the Justice Department\u2019s antitrust lawsuit accusing Google of unlawfully \u2063maintaining\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By\u2063 David \u2063Shepardson and Diane Bartz WASHINGTON (Reuters) -A U.S. judge\u200c hearing the Justice Department\u2019s antitrust lawsuit accusing \u2063Google of unlawfully maintaining\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Jamie McGeever (Reuters) \u2013 Asian markets will be closely watching a range of important economic data from China, including second-quarter growth figures from Indonesia and the Philippines. Additionally, the Indian interest rate decision will be a key event this week, as market sensitivity remains high.<\/p>\n","protected":false},"author":66,"featured_media":1992673,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1992672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1992672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1992672"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1992672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1992673"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1992672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1992672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1992672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}