Posted 11/7/2023, 11:03:00 AM
Markets Assess Last Week's Rally WhileParsing Economic Signals
- World markets trying to calibrate last week's steep stock and bond rally, sustaining bulk of gains
- Treasury to sell $112B in debt this week, 10-year yields still over 40bps below October peak
- Mixed U.S. economic signals - banks tightened lending but demand fell too
- China's weak October exports paint worrying demand picture but imports surprised
- Stocks pull back from last week's rally, Aussie rate hiked as expected but currency falls