Claims fall to new pandemic low, déjà vu with Kaplan, BOE slows bond buying pace, Tesla fizzles, bitcoin rallies
May 6, 2021SharePrint
Figuring out today’s market moves has not been an easy job. US stocks initially traded lower after jobless claims fell to a new pandemic low, while continuing claims rose slightly. It seemed everyone was content to wait until tomorrow’s NFP report but then the Fed’s Kaplan triggered a reversal with real yields. Financial markets went through déjà vu all over again with Fed Kaplan’s taper chatter. Last week, Kaplan’s comment that it is appropriate to start talking about adjusting purchases helped send Treasury yields higher. Before markets heard from Kaplan, the yield curve was flattening, and the dollar was weakening as commodities continued to rock-and-roll. After Kaplan, a non-voter until 2023 said he wanted to see taper talks start sooner than later, Treasury yields reversed higher. Kaplan noted that the Fed will hit t
ROUNDUP: Britische Notenbank verlangsamt Anleihekäufe
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Bank of England drosselt Tempo bei Anleihenkäufen
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Britische Notenbank verlangsamt Anleihekäufe
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