Calculated Risk
A top ranked economics and finance blog with a focus on the housing market
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A top ranked economics and finance blog with a focus on the housing market
The pace of economic growth in the first three months of the year was far more sluggish than anyone expected—and inflation was much higher.
A top ranked economics and finance blog with a focus on the housing market
A top ranked economics and finance blog with a focus on the housing market
Markets this morning are thrown in risk-off modus on headlines of an Israeli attack on Iran. In a first reaction, Asian equities spiked lower, but currently are unwinding part of the initial losses. Safe haven flows propelled US Treasuries with yields briefly declining more the 10 bps, but a reversal currently limits the decline between 4.5 (2-y) and 6.5 (10-y) bps. EUR/USD briefly dropped to the 1.061 area, but the 1.06 support remains intact for now (currently 1.063).