FW: [Maybank] Getting Uncomfortable

 

 

Getting Uncomfortable Global Markets Daily by Saktiandi Supaat FX Research Markets are getting increasingly uncomfortable with the bond sell-off. To be sure, rates have been rising for a while now but the pace of its increase recently accelerated. Equities are now less sure-footed as bears seem to have taken hold of the bond markets. Benchmark indices lost an average of 2% last Fri, now dubbed the Black Friday. In the meantime, Jerome Powell takes over as Fed Chair in the backdrop of stronger economic data. US NFP came in stronger-than-expected at 200K... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Fiona Lim     (65) 6320 1374     fionalim@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.