Crosswinds and Market Indicators: A Week of Key Data and Earnings Reports

Global markets soar while bonds face challenges, showcasing a shift in investors’ sentiment. Receding expectations of a Fed rate hike lead to a US curve steepening, influenced by oil prices, fiscal deficits, and capital demands. This international long-end sell-off indicates global market tension. European bonds hit multi-year highs, setting a tone for an eventful week. Upcoming challenges test the bond market including flash PMIs, July FOMC minutes, and crucial Treasury auctions. Investors await insights into the Fed’s inflation considerations amidst a steepening curve post-July meeting. US data highlights the strong showing in economic indicators, as PMIs in major economies remain…