Tuesday, August 8, 2017

Sweet Spot?



GBL: Sweet Spot?

Global Markets Daily
by Saktiandi Supaat

FX Research

It has been a sweet spot for Wall Street – most benchmark indices continued to hold much of their gains from last week, underpinned by some cheer that a tax reform might come by the end of the year, as promised by the White House Economic Adviser as well as Fed Speakers' concerns that inflation is "a little low, relative to our 2% target". Fed Bullard (non-voter) was also dovish – advocating to leave rates where they are. Such dovish comments nudged the UST 10y yields back to levels around ...

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