In today’s briefing:
- Lucror Analytics – Morning Views Asia
Lucror Analytics – Morning Views Asia
- In today’s Morning Views publication we comment on developments of the following high yield issuers: SK Hynix
- UST yields declined yesterday, as the market firmed up rate-cut expectations following the weak July JOLTS data. The UST curve bullflattened, with the yield on the 2Y UST declining 2 bps to 3.62% and the yield on the 10Y UST down 4 bps at 4.22%. Equities recovered from Tuesday’s decline, with the S&P 500 and Nasdaq up 0.5% and 1.0%, respectively.
- Fed Governor Chris Waller said that the Fed needs to start cutting rates at the next meeting. Mr Waller added that the Fed may cut rates by 100-150 bps to get towards the neutral rate, albeit “how fast we get there is going to depend on the data that comes in”.
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