Interest rates, volatility and liquidity impacting the market.
Liquidity Loose · Curve Improving · Real yields High · Volatility Low · Confirmation Partial confirmation.
Rates are stable, but the curve still needs confirmation.
High real yields continue to limit risk appetite.
Low volatility and looser liquidity are supporting markets.
10s2s has re-steepened, easing some of the pressure from the front end.
This series updates on a slower monthly source cadence.
This series updates on a slower monthly source cadence.
Real yields remain elevated, a headwind for duration and risk assets.
Volatility is contained, so the rates read is not being challenged by stress.
Gold, oil and dollar signals that support or challenge the macro read.
Source health: FRED: DGS2 ok · DGS10 ok · DFII10 ok · T10YIE ok · VIXCLS ok · Yahoo cross-asset: DXY ok · XAUUSD ok · WTI ok · BRENT ok · Bundesbank: missing