Yields on most assets around the world have edged higher this year. The increase reflects a range of concerns, including sticky inflation risk and greater uncertainty for global trade flows. The crowd, in other words, is demanding a higher yield premium these days, based on a set of ETFs representing the major asset classes.
Daily Archives: February 12, 2025
Macro Briefing: 12 February 2025
Federal Reserve Chairman Jerome Powell said the central bank doesn’t “need to be in a hurry” to cut interest rates. Testifying in the Senate yesterday, told the Banking Committee: “With our policy stance now significantly less restrictive than it had been and the economy remaining strong, we do not need to be in a hurry to adjust our policy stance.” Meanwhile, the policy-sensitive 2-year US Treasury yield ticked up yesterday but remains in a middling range compared with recent history.
