Outlook for the week
Key economic releases for the week
Last Week Summary
Widespread volatility across equity and bond markets as last week’s sell off continues. Despite a modest recovery on Monday, US equity indexes all plunged for the week. US Treasury yields continued their ascend, with the 10yr yield climbing to 1.566% on Thursday after Jerome Powell’s dovish comments on current yield curve management. Meanwhile Saudi Arabia and OPEC+ members reign on keeping oil supply in check, sparking a spike in oil futures to just below $65/barrel.
New issue pipeline builds up as issuers hold off in light of heightened market volatility with 3 new mandates outstanding.