From Marc to Market:
The US dollar is mixed today, the general tone in the capital markets is constructive. Success by the Saudi-back Yemen forces have recapture strategic territory from the Houthis, which has held drive oil prices lower. Bond yields in Europe have tumbled and the wide peripheral premiums over Germany have narrowed. Equities are higher.
Five Fed officials speak today but barring a surprise, expectations for this month’s FOMC meeting are unlikely to change significantly until next week’s CPI report, where early projections point to a small increase in price pressures. The futures market has about 83 bp of tightening between now and the end of next year, which is down from around 95 bp peak seen in the past two weeks....
....MUCH MORE
