Marc Chandler

A combination of a surprisingly strong prices paid component to the US manufacturing PMI, corporate supply, and US debt woes spurred an almost 15 bp spike in the US 10-year yield and 13 bp jump in the...

Most markets are closed for the May Day holiday. News that JPMorgan Chase & Co (NYSE:JPM) will acquire most of First Republic assets will be a relief for the markets. US equity futures are slightly...

May will feature likely rate hikes by the Federal Reserve, the European Central Bank, and the Bank of England. The banking stress that erupted in March appears contained, though one regional bank's...

The market took a dovish message away from the Bank of Japan and sent the dollar above JPY136, its best level since March 10, and spurred a sharp rally in JGBs. Japanese equities led the rally among...

Some regional bank earnings were weighing on investor sentiment but reports that the FDIC is running out of patience with First Republic Bank (NYSE:FRC) to strike a private deal and could decide to...

The re-emergence of bank stress reverberated through the US markets yesterday, downgrading the perceived chances of a Fed hike next week and sending the US 2-year yield sharply lower. The yield...

Perhaps it was the extent of First Republic Bank (NYSE:FRC)'s loss of deposits that were reported with earnings yesterday, but risk appetites dried up today. Asia Pacific equities were trounced...

The USD/JPY is off about 1% this month to bring the year-to-date decline to about 2.4%. It fell by 12.2% in 2022 and 10.3% in 2021. The yen rallied against the dollar for the five preceding years....

The US dollar is mostly lower, led by the Swiss franc and euro. However, despite softer US rates and a victory for the LDP in local Japanese elections, the yen is trading with a softer bias. Japanese...

As April draws to a close, the systemic stress in the banking sector continues to subside, and the market is turning its attention to likely rate hikes by Federal Reserve and European Central Bank in...