Let’s Swing Some More...

As we move into November, global stock indexes swung sharply as the U.S. dollar dropped to a six-week low and benchmark 10-year U.S. Treasury yields fell to five-week lows on Friday. The catalyst was data showed U.S. job growth slowed more than expected in October with some seeing this as meaning the Federal Reserve may be done hiking interest rates. We will see. The Fed, Bank of England, Canada and other Central Banks have all held rates, in recent times, while continuing to underscore the drive towards their inflation targets will mean rates stay higher for longer. U.S. two-year yields […]