February In Review

Summary

  • EM x/ Turkey & India bond yields lower
  • U.S. 10-year yield up 9 bps on the month
  • U.S. 10 minus 2-year spread 5 bps steeper
  • U.S. credit spreads in big
  • Euro periphery x/ Italy tighter on the month
  • EM FX x/Asia weaker
  • Cable continues to rally
  • China stocks up yuuuuge. Shanghai rallies 13.79 percent in February
  • Russell leading U.S. stocks higher, up 5.08 percent
  • Commodities bid, led by Iron Ore and Crude.
  • Wheat getting crushed on lack of demand for U.S. exports.

 

Foreign Demand For U.S. Wheat Drying Up

Wheat_Futures

 

Month_Review

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1 Response to February In Review

  1. Pingback: Ten Plus Great Weekend Reads – March 1 | Global Macro Monitor

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