📆 Thursday, June 8
► US futures slipped while US Treasury yields rose as markets reacted to the Bank of Canada's unexpected rate hike. This and an earlier rate hike in Australia led markets to reassess inflation risks and interest rate expectations.
► Interest rates may soon stop rising, but they are expected to remain at high levels for an extended period of time, leading to some unease in the market. This is especially important in view of the upcoming decisions of the Federal Reserve (June 14) and the European Central Bank (June 15).
► Swaps suggest that market participants have increased their bets on Fed rate hikes and are pricing in a 25 basis point increase for the July meeting.
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