Archived IMT (2008.11.20)
The unexpectedly strong 27K increase in US jobless claims to a fresh 16-year high of 542K from a revised 515K and a fresh 8-year high in the 4-week moving average drove US equity futures to their lowest session of the day, while further lifting risk aversion in favor of the USD and JPY. Consequently, US 2-year yields fall below the 1.00% fed funds rate at 0.9869%, reflecting the continued rally in fixed income securities relative to battered stocks. A surprise 100-bp cut from the Swiss National Bank in its 3-month LIBOR target to 1.00%, making its second reduction of the month after its scheduled cut 2 weeks ago.
Reality Check Pre Jobs
by Adam Button | Dec 6, 2019 12:37
Kushner a Tell?
by Adam Button | Dec 5, 2019 11:11
GBP Breaks out, USD Hurt
by Adam Button | Dec 4, 2019 14:38
Time for the Pre-Santa Selloff
by Adam Button | Dec 3, 2019 12:55
USD Pauses, Key Levels Pre ISM
by Ashraf Laidi | Dec 2, 2019 13:51