Daily Bulletin

Good morning. The rise in U.S. Treasury yields continues. The 10-year U.S. Treasury yield has risen by nearly 100 basis points over the past 3–6 months, moving from around 4.30% to close to 5.30%, and we should note that other U.S. Treasury yields with maturities from 1 to 7 years have seen similar increases of around 100 basis points. This situation, which implies a significant increase in the cost of holding...
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Good morning. U.S. Treasury yields, which eased on Friday, are rising again this morning, with the 10-year U.S. Treasury yield moving above 5.20%. This is also weighing on global risk appetite, with U.S. futures trading in negative territory this morning, Asian markets mixed but lower on average, while European futures are seeing a rebound. Domestically, pressure stemming from the fund investigation and liquidation...
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Good morning. The rise in U.S. Treasury yields has accelerated. The benchmark 10-year Treasury yield rose above 5.20% yesterday, although we are seeing a modest decline this morning. This environment, which has been weighing on global equities, is continuing in the morning hours with a partial stabilization effort. U.S. futures are flat, European futures are higher, while Asian equities are generally weak. Pressure...
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Good morning. Although stronger-than-expected PMI data in the US provided positive signals regarding the growth outlook, they weighed on equity markets by creating an environment in which the Fed could raise interest rates faster than previously anticipated. US Treasury yields have climbed to multi-year highs, while mortgage rates are also testing their highest levels in the past year and a half. The move above 5%,...
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Good morning. The decline in oil prices has lost momentum around the USD 95 level, but prices remain within the downward trend channel that started from the USD 105–110 region. As part of the ongoing United Nations meetings in the US, it was announced yesterday that US and Iranian officials held a three-hour meeting. Despite messages from the US side suggesting that the meeting was productive and raising hopes that...
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Good morning. While U.S. equities posted strong gains yesterday, led by technology companies, U.S. and European futures are slightly positive this morning, and the overall tone in Asia is also buying-led. The fact that U.S. 10-year Treasury yields tested but failed to break above 5% yesterday is also supporting the buying. Domestically, selling pressure continues due to the liquidation process affecting 131 funds....
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Good morning. As the easing in oil prices continues for the fourth consecutive session, buying is flowing into U.S. and European futures as well as Asian equity markets. That said, we remain cautious on the sustainability of this optimistic tone in global risk appetite. Factors such as Iran’s messaging toward the U.S. and its regional allies, and a renewed decline in vessel transits through the Strait of Hormuz,...
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Good morning. Oil prices are moving below the $100 level, while U.S. Treasury yields have also eased back below 5%. Against this backdrop, U.S. and European equities saw strong buying yesterday, while gains are continuing this morning in Asian markets and equity index futures. Despite the Fed moving to its first rate hike in three years and expectations for further rate hikes in the coming months, expectations that...
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