Multi-Asset Strategy Daily

Global markets are navigating a hawkish rates repricing following a strong US employment report and renewed Middle East geopolitical tensions. These factors have pressured sovereign yields and boosted energy prices, overshadowing domestic signals in the EUR and GBP markets.

Key Takeaways

• 1.The strong US May NFP print has dampened expectations for Fed easing, leading to an aggressive bear-flattening move in US Treasury yields.
• 2.Escalating Israel-Iran tensions have pushed Brent oil prices toward the high-$90s, complicating the inflation outlook.

Table of Contents

• USD
• EUR
• GBP
• JPY
• Important Information
• Disclaimer