The inverse relationship between prices and yields, if not quite a blessing, is at least useful. And so it’s been since our last update on trailing yields for the major asset classes via ETF proxies. As prices have fallen, some of the pain is offset by rising trailing yields.
Daily Archives: February 4, 2022
Macro Briefing: 4 February 2022
* Leaders of Russia and China meet at Olympics in Beijing, denounce US pressure
* Global growth in January slowed “notably” in January via PMI survey data
* Bank of England lifted interest rates, again, to fight inflation
* ECB president Lagarde hints at faster policy tightening amid high inflation
* Meta (Facebook) loses $250 billion in market value amid weak earnings results
* Amazon shares soar on strong revenue gain in Q4
* Eurozone retail sales fell more than expected in December
* US jobless claims fell for a second week, hinting at softer Omicron blowback
* Factory orders in US fell 0.4% in December, in line with expectations
* US ISM Services Index continued to fall in January, reflecting slower growth:
