Autumn leaves.

Columbia Threadneedle
By November 1, 2019 07:46

Autumn leaves.

Core bond yields were higher over the course of the last week with the benchmark 10-year US treasury note at its highest yield since mid-September. This comes amid a more constructive tone to trade talks between China and the USA. In the week ahead, the US Federal Reserve meet, with market expectations of another 25bps cut in rates. We will also get a first look at Q3 GDP. Expectations are for an annualised rate of around 1.6% – the prior quarters were 2.0% and 3.1% respectively. This week will end with the US employment report. Last week was light in terms of economic data. In Europe, the IFO business sentiment indicator was flat at 94.6 while the composite PMI for the eurozone rose a marginal 0.1 to 50.2. The eurozone is starting to look like an economy teetering on the brink. 

Columbia Threadneedle
By November 1, 2019 07:46


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November 2019