Historic BoJ intervention and dramatic moves in US yields
Today's slide deck: https://bit.ly/3BYiSaT -
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Equities are sliding further yesterday and today as the market is rattled by sizeable upwards moves in the long end of the US yield curve with the US 10-year pushing beyond 3.7%. We also go through the series of central bank events yesterday from various rate decisions and most importantly the historic JPY intervention by the Bank of Japan. In addition we take a look at commodities and in particularly the European gas market which is set for its fourth straight weekly loss. Today's pod features Peter Garnry on equities, Ole Hansen on commodities, and John Hardy on FX and hosting.
Intro and outro music by AShamaluevMusic
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