Daily Note 20/10/2023 – Market View: Day Ahead, Macro, Stocks, Debt Markets

20.10.2023

  • It was risk off day in markets yesterday with European and US indices each finishing in the red, as increasing bond yields and weak earnings each contributed to reducing investor appetite for equities.
  • There is no corporate news of note this morning.
  • US treasury yields wavered below the key 5% level in anticipation of Jerome Powel’s speech, and remained just shy of it after Powell said the Fed would proceed carefully with any further rate hikes.