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'Sounds Familiar?' Mohamed El-Erian Calls Out Powell's Déjà Vu On Supply Shocks—Economist Draws Historic Parallels On Fed Chair's Latest Message
Bank of America Securities: After the tariff relief, the outlook for the USA interest rate market has been adjusted.
The bank maintains a slightly bullish duration allocation with a medium-term duration (5Y), advocating for a gradual increase in duration at a more stable interest rate position, expecting the 10Y U.S. Treasury yield to stabilize in the Range of 4.5-4.75%.
Fall In April PPI Could Delay US Fed's Rate Cut Move: MIDF
Gold and Bitcoin are exhibiting a "this declines, that rises" trend, with JPMorgan stating that Bitcoin may be more dominant in the second half of the year.
JPMorgan stated that the inverse relationship between Gold and Bitcoin is expected to continue until the end of the year, but several positive catalysts unique to Cryptos may allow Bitcoin to perform better than Gold in the second half of the year.
Dollar Tracks Treasury Yields Lower on Benign US Data
CICC: Delay in the forecast for the Federal Reserve's interest rate cuts to the fourth quarter.
After the Geneva talks between China and the USA, both sides significantly reduced tariffs, lowering the risk of an economic recession in the USA. However, the effective tax rate of 15.5% is still a significant increase from last year's 2.4%, indicating that the inflation risk has not been completely alleviated.