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2-year Treasury yields are seen up 15 bps today to 4.17%, keeping a bounce off the 4% mark seen yesterday. In the past three sessions alone stretching back to Thursday, 2-year yields were sent down by a whopping 103 bps. If that continued, perhaps it would’ve saved SVB. Jokes of course. 🤣 The exhale in

Oil prices fell $2 in volatile trading on Monday as the collapse of Silicon Valley Bank hit equities markets and raised fears of a fresh financial crisis, but a recovery in Chinese demand provided support. Brent crude futures were down $2.03, or 2.5%, to $80.75 per barrel by 1401 GMT. West Texas Intermediate U.S. crude

Mixed market sentiment prevails in the Asian session today, as Nikkei is weighed down by selloff in bank stocks, while Hong Kong’s HSI sees a recovery. US futures are also seeing a strong rebound. The announcement of measures by the US government and Fed to stabilize the situation surrounding the collapse of Silicon Valley Bank

This statement is regarding the energy market and inflation, not what’s happening in the US. We agree that over 23-24 that prudent fiscal policies should aim at ensuring medium-term debt sustainability Broad-based fiscal stimulus to aggregate demand is not warranted Given strong spillovers in energy markets, eurozone economies will coordinate measures to preserve integrity of

Gold price jumped Rs 970 to Rs 56,550 per 10 grams in the national capital on Monday amid a rally in rates of precious metal internationally, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 55,580 per 10 grams. Silver also zoomed Rs 1,600 to Rs 63,820 per kg.

The fallout from the collapse of Silicon Valley Bank continues to unsettle investors. Despite measures announced on Sunday by US Treasury, FDIC and Fed to calm the markets, concerns remain. European indexes saw sharp declines led by bank stocks, while benchmark treasury yields fell. Additionally, the market is also showing signs of pricing out a

News items related to SVB, Signature Bank failures and the US authorities’ response. Read from the bottom up for the chronology: Other items: The news of impact during the session, and ahead of it over the weekend, were the woes at Silicon Valley Bank, the market expectation of some sort of Fed/US government intervention to

COMEX Gold prices started the week on a negative note, plunging almost 2.5% in the first two days. The yellow metal approached an eleven-week low of $1,810.8 per troy ounce notched in the previous week, as Fed chair Jerome Powell unveiled a hawkish tilt. During the congressional testimony, Fed chair Jerome Powell said that the

The US government will make a ‘material’ announcement today to shore up deposits at Silicon Valley Bank, according to a report from Reuters. The action is being taken to prevent a wider run on banks. There are no details in the report beyond that. There’s been plenty of ruminating about what should happen given that

The recent hawkish comments from the US Fed chairman let the gold investors take a cautious approach, pulling down prices to near $1800 an ounce this week. Easing fears of a global recession, higher US bond yields, and a three-month high US dollar also weighed down the sentiment of the precious yellow metal. Gold surged

US equities were hit hard today and the S&P 500 virtually erased its gains for the year in the second day of selling. Stocks tried to rally early on a higher US unemployment rate but worries about banks led to heavy selling in the latter half of the day as Silicon Valley Bank was taken

Gold prices edged up on Friday as the dollar eased after data showed that weekly U.S. jobless claims grew more than expected, spurring hopes that a softening labor market could pave the way for less-aggressive rate hikes from the Federal Reserve. FUNDAMENTALS * Spot gold was up 0.1% at $1,832.59 per ounce, as of 0103

Here is one side of the argument: The reality is that the Fed and Treasury have a magic bullet here. They can back up the deposits and with the ‘held to maturity’ problem, they could exchange those bonds for cash and take them on their balance sheet in a kind of mini-QE. If either of

Gold closed with a gain of nearly 0.70% in the week gone by, erasing steep losses made on Federal Reserve Chair Powell’s hawkish testimony. It ended the week at $1867.24. Gold gained on worries about the US banks as Silicon Valley Bank defaulted, which led to spillover concerns. Some softer than expected data in the

Last week, investors were caught off guard by a series of surprises. However, the largest bank failure in the US since 2008 proved to be the most overwhelming for them. The risks of contagion from Silicon Valley Bank appeared to outweigh concerns about higher interest rates, inflation, and recession. Consequently, traders sought safety, resulting in

The markets have been waiting for the jobs report what seems like forever. Not only was it delayed because February is a short month and the BLS felt that the 10th was doable – the 3rd was not, but the Fed Chair’s testimonies on Tuesday and Wednesday heightened market anxiety and anticipation. And then Silicone

Oil prices were little changed on Friday as traders remained cautious about frequent and steeper rate hikes by the U.S. Federal Reserve, concerns that have triggered a rout in energy prices over the last three days. Brent futures, which fell about 5% over the last three days, were up marginally from near-three week lows at

Dollar experienced a significant fall during early US trading hours following a mixed non-farm payroll report. Although the headline job growth was strong, the increase in the unemployment rate and the slowdown in wage growth could give the Federal Reserve something to think about beyond March. Meanwhile, Canadian dollar did not receive much support from