The dollar strengthened and US yields rose following hawkish comments from Fed Governor Waller regarding potential rate hikes. Markets also reacted to geopolitical tensions and soft tech sector performance in Asia.
Key Takeaways
- 1.Fed Governor Waller indicated a potential need for near-term rate hikes if core inflation readings remain hot, emphasizing a data-dependent approach.
- 2.Market sentiment was impacted by renewed US-Iran tensions, rising oil prices, and a sell-off in technology equities, particularly in South Korea.
Table of Contents
- Market Highlights
- Ahead Today
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Authors
Michael Wan
Securities
US 2-Year TreasuryKOSPI
Themes
Geopolitical riskHawkish Fed policy
Regions
Asia PacificUnited StatesIranSouth Korea