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.

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