Daily Alert: More of the same
- In the absence of any major data or eye-catching headlines, it’s been a case of ‘more of the same’ from markets overnight.
- Perhaps the most notable headlines of the night came from the Dallas Fed’s Robert Kaplan, who said he hoped the FOMC would start tightening monetary policy earlier than previous signalled.
- Oddly enough, global bond yields have pared back overnight, despite those hawkish policy signals.
