Bonds

31 July 2026
Italy July CPI Meets Forecasts at 2.8%, Keeping ECB Policy Expectations and BTP Spreads Stable

Italy’s July CPI rose 2.8% year-on-year, meeting expectations, supporting stable ECB policy and range-bound markets.

31 July 2026
Eurozone Core Inflation Stalls in July, Fueling ECB Rate-Cut Bets and Lifting Euribor Futures

Eurozone core HICP stalled in July, boosting ECB cut hopes, lifting bonds, pressuring euro, supporting equities.

31 July 2026
Portugal’s July CPI Eases to 3.0%, Bolstering Bets on ECB Autumn Rate Cuts

Portugal inflation eased to 3% in July, boosting dovish ECB rate-cut bets, bonds, and euro shorts.

31 July 2026
Tech-led US share rally lifts S&P 500 as Microsoft surge offsets 30-year Treasury yields near 5.24%

US stocks surged led by tech; Microsoft jumped 15% on AI-cloud strength; long Treasury yields hit 2007 highs.

31 July 2026
Australia Q2 Producer Prices Accelerate to 3.6%, Bolstering Higher-for-Longer RBA Rate Bets

Australia’s PPI jumped to 3.6% in Q2, boosting inflation fears, supporting AUD, pressuring bonds, stocks.

31 July 2026
Japan June Retail Sales Slump Hits Dovish Bets, Weighing on Yen and Supporting JGBs

Japan retail sales plunged 4.1% in June, pressuring BOJ tightening hopes, weakening yen; trades: long USD/JPY.

31 July 2026
Fed holds rates as three dissent, long maturities sell off amid quieter guidance and balance sheet rise

Fed holds rates despite dissent; Warsh’s sparse guidance, rising yields and balance-sheet growth fuel volatility strategies.

31 July 2026
China Politburo Signals Fiscal Push Without Big Stimulus, Boosting China Assets and Yield Risks

July Politburo signaled restrained stimulus; H2 executes faster fiscal spending, boosts growth, supports equities, lifts yields.

31 July 2026
US shares rebound on Microsoft-led tech surge as breadth thins and bond yields hit 2007 highs

Nasdaq rebounded but breadth stayed thin; Microsoft-led surge masked rising yields, weak GDP, and downside risks.

31 July 2026
US 4-week Treasury bill yield slips to 3.63% as markets price deeper Fed rate cuts

4-week Treasury bill yield drops to 3.63%, signaling Fed easing expectations; consider long SOFR futures, equity calls.

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