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LT Yields Continue Recent Reacceleration

LT yields yesterday continued recent reacceleration. This tells at least as much on current market momentum as on the news that served as an explanation. Regional German May inflation published throughout the day were soft (0.1% M/M). At 0.2% M/M HICP inflation also decelerated markedly (0.6% in April), but due to base effects, Y/Y inflation jumped from 2.4% to 2.8%. ....

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Swiss National Bank Chair Jordan says monetary policy should remained focused on inflation

SNB Chairman Jordan says debt too high, deficits too big. ....

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Swiss National Bank Chairman Thomas Jordan will speak on Tuesday to journaiists

Swiss National Bank Chairman Thomas Jordan will speak on Tuesday to journaiists
forexlive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexlive.com Daily Mail and Mail on Sunday newspapers.

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Australian Dollar Floored by Booming US Dollar as Rate Hikes Ricochet Through Markets

The Australian Dollar has been hammered in the maelstrom running through markets this week as several central banks make their moves on interest rates. Will AUD/USD hit new lows? ....

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DAILY DOSE: May 18, 2021

DAILY DOSE: May 18, 2021
Posted on 05/18/2021
1. Google unveils new model called Mum to improve complex searches. Google says it will build quantum computer by 2029 with aim of performing large-scale calculations without errors.
2. JPMorgan Chase & Co. told its U.S. office staffers that they will no longer be required to wear masks if they got their COVID shots.
3. House Speaker Nancy Pelosi joined a chorus of people for a diplomatic boycott of the 2022 Winter Olympics scheduled to take place in Beijing.
4. BOUGHT THE DIP: MicroStrategy bought about 229 bitcoins for US$ 10,000,000 at average price of about US$ 43,663 per Bitcoin.
5. U.S. Treasury Secretary Janet Yellen is calling for American business leaders to pay higher taxes to support President Joe Biden’s infrastructure program. ....

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