The interest rate market has unexpected fluctuations, and the trend of risk assets is promising😊
Although not many important data were released, and the data results were generally within expectations, the interest rate market still experienced unexpected large fluctuations, with the 2-year yield rising by 14 basis points and the 5-year yield also jumping by 10 basis points. It gave up most of its price gains since last Thursday, but trading volume was light, typical of summer trading, and the price action may be a healthy correction after last week's endless rally. The overall decline in real U.S. inflation has once again pushed risk sentiment higher. Most sentiment and stock market volume indicators are heavily tilted towards risk and have improved significantly from levels three months ago. Risk assets are expected to be able to gain momentum during the summer vacation. Keep up the good work.
