FlowBank

1018 days ago

Metal prices are forecast to rise more in 2H21, says World Bank

Metal prices are forecast to rise nearly 30 percent in 2021 before dropping back in 2022, as stimulus driven growth eases and supply constraints are resolved. Risks to the forecast depend on major stimulus programs. A faster-than-expected withdrawal of stimulus by China would pose a significant downside risk to demand while the proposed infrastructure spending bill in the United States could provide further support for some metals, including aluminum, copper, and iron ore.

#Macro

1018 days ago

The US 10-year Treasury yield dropped to 1.386%

The US 10-year Treasury yield dropped to 1.386%, a rate it had not seen since March. This dropped was the result of some hawkish comments from the Fed, which is planning 2 rate hikes by 2023 to keep inflation in check. 

#Bonds #Macro
The US 10-year Treasury yield dropped to 1.386%

1018 days ago

Manufacturing order backlogs is at record levels

The supply crunch seen in a backed up manufacturing order backlog could get worse as households gear up for back-to-school shopping. September could be a period of severe product shortages. Shifts in demand can be larger and rapid and bottlenecks plus hiring difficulties could continue to limit how quickly supply can adjust.

#Macro

1021 days ago

The Fed's balance sheet is now at $8 trillion

Nothing to see here, just printing money. 

#Macro
The Fed's balance sheet is now at $8 trillion

1022 days ago

US inflation is here, but rather concentrated in transportation

Although the global inflation sits around 2.28% in the US, we can also note that it is much more concentrated in certain sectors such as planes and trains, as transportation inflation is at 3.8%. 

#Macro
US inflation is here, but rather concentrated in transportation
bg_newsletter