Interest rates, volatility and liquidity impacting the market.
Liquidity Loose · Curve Improving · Real yields High · Volatility Normal · Confirmation Partial confirmation.
High rates still pressure markets.
High real yields continue to limit risk appetite.
Volatility and liquidity are giving a mixed market signal.
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