Short comment
Even though it is showing the weakest movement as typical roll-back in now, US 10y T had shown the strongest moment, dropping to below 2.8% until yesterday.
The security recovered its status as one of the safest assets, and the status made it possible to be strong with Italian problem.
Easing stance of Fed, which wasn't fitted to expectation of the participants, was inflaming the security additionally.
Today, assumed US GDP Growth rate during 1Q was published, and 2.2% is lower than 2.3% which Wall street expected.
The other indices like unemployment compensation also showing less than expected.
Those of Germany are weak too.
But looks like the market participants don't care about those slumps too much.
Despite not good announcements of indices, US stock market is recovering yesterday shock very well.
The market is ignoring trade problem which US authorities are insisting, $50 tariff on Chinense imports.
I think Italian problem will go into sleeping, when time passed like the former trade problem, even if it could come up anytime again.
I think upside trend of US stock market would be continued with the Japanese market, even though that of Europe wouldn't be good because exposure of European financial institutions to debt risk, about Italy and other vurnerable countries, still got high.
The strong stock market will be downside risk for the safe assets including US T-Note which has recovered its position as a ensured security.
My target of US 10y T-Note is 3.00%.
Even though it is showing the weakest movement as typical roll-back in now, US 10y T had shown the strongest moment, dropping to below 2.8% until yesterday.
The security recovered its status as one of the safest assets, and the status made it possible to be strong with Italian problem.
Easing stance of Fed, which wasn't fitted to expectation of the participants, was inflaming the security additionally.
Today, assumed US GDP Growth rate during 1Q was published, and 2.2% is lower than 2.3% which Wall street expected.
The other indices like unemployment compensation also showing less than expected.
Those of Germany are weak too.
But looks like the market participants don't care about those slumps too much.
Despite not good announcements of indices, US stock market is recovering yesterday shock very well.
The market is ignoring trade problem which US authorities are insisting, $50 tariff on Chinense imports.
I think Italian problem will go into sleeping, when time passed like the former trade problem, even if it could come up anytime again.
I think upside trend of US stock market would be continued with the Japanese market, even though that of Europe wouldn't be good because exposure of European financial institutions to debt risk, about Italy and other vurnerable countries, still got high.
The strong stock market will be downside risk for the safe assets including US T-Note which has recovered its position as a ensured security.
My target of US 10y T-Note is 3.00%.
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