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04 Apr 2024

Sentiment Improves On Stabilising Rate Expectations

Risk appetite is improving this morning after yesterday’s softer-than-expected price data and relatively dovish comments from Federal Reserve chair Jerome Powell helped ratify expectations for rate cuts in the remainder of the year. Ten year yields are holding near 4.35 percent, the greenback is on the defensive, and the euro and pound are advancing ahead of the North American equity market open. Treasury yields slipped and the dollar suffered its biggest drop in a month when the Institute for Supply Management’s services index dropped to 51.4 from 52.6 in February, with the “prices paid’ sub index falling to the lowest...

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