2021-03-05 10:55:01 10:55 03/05/21 03/0510:55 03/05/2110:55 | Treasury Action: the markets are calming and consolidatingTreasury Action: the markets are calming and consolidating, assessing the data and current conditions, after the big moves already today and this week. The January jobs report has underscored Fed Chair Powell's view of an improving recovery, though with a ways to go on the labor market. Concurrently, the headlines saw rates pop higher, the text-book response to rising growth. And the latter will prove a challenge to Wall Street as investors weigh the bearish implications on shrinking valuations against the bullish developments of the widening distribution of vaccines now with three on offer, an increase in state reopenings, a likely surge in spending from pent-up demand and especially with a record $1.7 tln level of savings with which to effect that demand, along with the likelihood of another stimulus package. All of this is likely to result in a pop in inflation, as Powell and the Fed have warned, with an additionally boost from base effects. The question then is the sustainability of the move. And while that could cause a scare in the markets, the FOMC will view it as transitory until it sees many quarters of data. The 5-year breakeven has dipped to 247 bps, versus 250 bps Thursday, but the 10-yeaer is at 222 bps, giving the Fed some breathing room. |
---|
Hot Stocks
|
ADC Therapeutics granted FDA approval for Zynlonta BLA »
13:50 04/23/21 04/2313:50 04/23/2113:50
ADCT
ADC Therapeutics
According to a post to… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Umicore price target raised to EUR 33 from EUR 30 at Credit Suisse »
13:50 04/23/21 04/2313:50 04/23/2113:50
UMICY
Umicore
Credit Suisse analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
UPM-Kymmene price target raised to EUR 33.50 from EUR 32.25 at Credit Suisse »
13:49 04/23/21 04/2313:49 04/23/2113:49
UPMMY
UPM-Kymmene
Credit Suisse analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Relx price target raised to 2,114 GBp from 2,085 GBp at Credit Suisse »
13:49 04/23/21 04/2313:49 04/23/2113:49
RELX
Relx
Credit Suisse analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Nestle price target raised to CHF 110 from CHF 105 at Credit Suisse »
13:48 04/23/21 04/2313:48 04/23/2113:48
NSRGY
Nestle
Credit Suisse analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Bureau Veritas price target raised to EUR 26.50 from EUR 25.50 at Credit Suisse »
13:47 04/23/21 04/2313:47 04/23/2113:47
BVRDF
Bureau Veritas
Credit Suisse analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
SKF AB price target raised to SEK 170 from SEK 155 at Credit Suisse »
13:46 04/23/21 04/2313:46 04/23/2113:46
SKFRY
SKF AB
Credit Suisse analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Wartsila price target raised to EUR 8.50 from EUR 7.80 at Credit Suisse »
13:46 04/23/21 04/2313:46 04/23/2113:46
WRTBY
Wartsila
Credit Suisse analyst Max… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Vivendi price target raised to EUR 32.40 from EUR 31.90 at Credit Suisse »
13:45 04/23/21 04/2313:45 04/23/2113:45
VIVHY
Vivendi
Credit Suisse analyst… Story temporarily locked. ShowHide Related Items >><<
|
General news
| Action Economics Survey… Story temporarily locked. ShowHide Related Items >><< |
Recommendations
|
SAP price target raised to EUR 121 from EUR 116 at UBS »
13:42 04/23/21 04/2313:42 04/23/2113:42
SAP
SAP
UBS analyst Michael… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
NatWest Group price target raised to 195 GBp from 190 GBp at UBS »
13:42 04/23/21 04/2313:42 04/23/2113:42
NWG
NatWest Group
UBS analyst Jason Napier… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Lloyds Banking price target raised to 47 GBp from 45 GBp at UBS »
13:41 04/23/21 04/2313:41 04/23/2113:41
LYG
Lloyds Banking
UBS analyst Jason Napier… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Hermes price target raised to EUR 1,146 from EUR 1,079 at UBS »
13:41 04/23/21 04/2313:41 04/23/2113:41
HESAY
Hermes
UBS analyst Mariana Horn… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Barclays price target raised to 195 GBp from 180 GBp at UBS »
13:40 04/23/21 04/2313:40 04/23/2113:40
BCS
Barclays
UBS analyst Jason Napier… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Rexel price target raised to EUR 21 from EUR 20 at Societe Generale »
13:39 04/23/21 04/2313:39 04/23/2113:39
RXEEY
Rexel
Societe Generale analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Renault price target lowered to EUR 38 from EUR 40 at Societe Generale »
13:37 04/23/21 04/2313:37 04/23/2113:37
RNLSY
Renault
Societe Generale analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Ipsen price target lowered to EUR 93 from EUR 94 at Societe Generale »
13:36 04/23/21 04/2313:36 04/23/2113:36
IPSEY
Ipsen
Societe Generale analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Edenred price target lowered to EUR 53 from EUR 53.80 at Societe Generale »
13:34 04/23/21 04/2313:34 04/23/2113:34
EDNMY
Edenred
Societe Generale analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Bureau Veritas price target raised to EUR 29 from EUR 28 at Societe Generale »
13:33 04/23/21 04/2313:33 04/23/2113:33
BVRDF
Bureau Veritas
Societe Generale analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Piper says PlushCare deal 'dramatically expands' Accolade market opportunity »
13:33 04/23/21 04/2313:33 04/23/2113:33
ACCD
Accolade
After Accolade announced… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Bankinter price target raised to EUR 4.40 from EUR 4.30 at Societe Generale »
13:32 04/23/21 04/2313:32 04/23/2113:32
BKIMF
Bankinter
Societe Generale analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Lloyds Banking price target raised to 50 GBp from 47 GBp at Societe Generale »
13:31 04/23/21 04/2313:31 04/23/2113:31
LYG
Lloyds Banking
Societe Generale analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
ASML price target raised to EUR 660 from EUR 590 at Societe Generale »
13:31 04/23/21 04/2313:31 04/23/2113:31
ASML
ASML
Societe Generale analyst… Story temporarily locked. ShowHide Related Items >><<
|
General news
|
Oil Action: The weekly Baker-Hughes oil rig count »
13:30 04/23/21 04/2313:30 04/23/2113:30
$ECON
Economic Data
Oil Action: The weekly… Story temporarily locked. ShowHide Related Items >><< |