Monthly Archives: October 2022
Gold Remains Downbeat as Treasury Yields Hit Decade High
Written on October 20, 2022 at 6:36 am, by 王建军
Recession fears are plaguing the markets more strongly than ever. On Wednesday, US Treasury yields hit a 14-year high, with the 10-year note hitting as high as 4.153% as of writing – the highest since 2008’s recession. Meanwhile, the 2-year yield rose by 13 basis points to 4.57%. More importantly, the 3-month rate briefly roseContinue Reading
More U-turns Foreseen From Bank of England
Written on October 17, 2022 at 2:43 am, by 王建军
UK Chancellor of the Exchequer Kwasi Kwarteng made an unprecedentedly dramatic early exit from an International Monetary Fund event in Washington on Friday, with many thinking it was to return to the UK to prepare his fiscal plan. Turns out, Kwarteng was being asked to leave his post by UK Prime Minister Liz Truss, whoContinue Reading
Outsized ADP Nonfarm Employment Fizzles Stock Rally give back
Written on October 6, 2022 at 3:38 am, by 王建军
On Wednesday evening (GMT+3), the US ADP Nonfarm Employment data was released, clocking in at 208,000 jobs added, better than the 200,000 forecasted and August’s 185,000. While the manufacturing, natural resources, and mining industries reported a loss of 29,000 positions, huge additions in the trade, transportation, utilities; and business and professional services sectors more thanContinue Reading
