Barkin sees current rate-hike path mirroring 1990s 'mid-cycle adjustment'
Fed's Barkin likened the current hiking cycle to the 1990s mid-cycle adjustment; an easing cycle then featured 75 bps cuts over seven months.
22/09/2026 18:013 min read
Macro Rates
US two-year note auction fetches $69 billion at 4.787% high yield
The US Treasury sold $69 billion in two-year notes at a 4.787% high yield, with demand slightly above average and no major anomalies.
22/09/2026 17:113 min read
Barkin: inflation threat outweighed jobs in latest Fed rate decision
Richmond Fed President Barkin said inflation risks outweighed employment risks in last week's rate hike, and sees the economy firming, leaving the door open…
22/09/2026 17:013 min read
European shares eke out slight gains as war optimism cools
European stocks edged up as fading hopes for quick Iran peace offset Saudi loading news, with Italy and UK closing lower.
22/09/2026 15:412 min read
Eurozone consumer morale dips more than forecast in September
Euro area consumer confidence fell more than expected in September, ending four months of recovery.
22/09/2026 14:125 min read
Fed's Collins: Labor strength lets Fed prioritise price stability goal
Fed's Collins says a stronger labor market allows policymakers to focus on price stability after five years of high inflation.
22/09/2026 13:513 min read
Philadelphia Fed nonmanufacturing index slides to -22.0, down from -10.6
The Philadelphia Fed nonmanufacturing index dropped to -22.0 in September, its lowest since June, while full-time employment hit a four-year high.
22/09/2026 12:518 min read
Bitcoin extends rally after breakout, driven by short covering and Strategy buys
Bitcoin surged after CFTC rulemaking and breakout, with short covering and Strategy's 950 BTC purchase adding momentum.
22/09/2026 08:3212 min read
10-year yield hovers near 5% as markets eye the next catalyst
10-year Treasury yields linger near 5% after briefly breaching that level, with inflation and fiscal concerns seen as potential catalysts for further rises.
22/09/2026 08:3110 min read
Gold slips back to $4,330 as technical support levels come into focus
Gold fell back toward $4,330 as technical levels around $4,300-$4,330 become key support. The rebound from last week is being tested.
22/09/2026 06:219 min read
Dollar gains on rate expectations, but upside may be limited
ANZ and Credit Agricole see near-term dollar support from rate repricing, but caution that upside may be capped.
22/09/2026 05:127 min read
Bullock points to inflation risks amid rising neutral rates
RBA Governor Michele Bullock highlighted inflation risks from the Middle East and excess demand, and noted rising neutral rates, suggesting higher-for-longer…
22/09/2026 04:425 min read
Central Bankers Warn of Inflation Risks in Quiet Asia-Pacific Trading
Central bankers flagged persistent inflation risks amid quiet Asia-Pacific trading, with New Zealand and Australian dollars gaining on hawkish remarks.
22/09/2026 03:5119 min read
RBA's Bullock: Supply Shocks Hard for Policy, Flags Second-Round Risk
RBA's Bullock says supply shocks are hard for policy to manage, focusing on second-round effects, reinforcing the hawkish stance ahead of the Sept 28-29…
22/09/2026 03:3111 min read
HSBC Sees 10-Year Yield at 4.65% by Year-End as Retreat Extends
HSBC sees the 10-year Treasury yield near 4.65% by year-end, not 6%, as markets calm on falling oil and Iran hopes.
22/09/2026 03:268 min read