Macro Briefing: 9 May 2022

* Putin says West caused Russia’s invasion of Ukraine in ‘Victory Day’ speech
* China exports take a hit: growth slows to 2-year low in April
* Ferdinand Marcos Jr. appears to win presidential election in Philippines
* US consumer debt levels surged in March 2022, fueled by credit-card spending
* Rising interest rates are a double-edged sword for banks
* Winners and losers from the strengthening US dollar
* Odds for soft US economic landing may higher than expected, says analyst
* 5-year US Treasury yield at highest since 2008 in Monday trading
* US Dollar Index at fresh 20-year high in early trading on Monday: