Daily Note 01/06/2023 – Market View: Day Ahead, Macro, Stocks, Debt Markets

01.06.2023

  • Equity markets were in broad-based decline on the last day of the month, whilst bonds continued their rally this week, with yields falling for a third day
  • Kerry Group announced yesterday that it acquired Proexcar for an initial $44m consideration, with a potential further payment of up to $18m in 2025 based on earn-out conditions
  • Core bond yields continued to tick down yesterday on the debt ceiling resolution