Daily Alert: ‘Evans above

  • It’s been an uncharacteristically lively start to the week, punctuated by some very hawkish comments from a key Fed official overnight
  • Unsurprisingly given the flow of recent data and the signalling from the Fed, Treasury yields have mostly moved higher overnight, with the curve steepening
  • Meanwhile, it hasn’t been a great night for equities, which have notched up some largish falls

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