Greetings,
United States: Mortgage applications remain very strong despite higher rates.
Eurozone: The euro-area inflation report was a shocker, with the CPI climbing above 5% for the first time. Energy was the biggest driver of inflation, but the core CPI (2nd panel) surprised to the upside as well.
Cryptocurrency: The bitcoin downtrend resistance is holding.
Equities: Short interest levels remain depressed.
Rates: The value of negative-yielding global debt continues to tumble as the euro-area inflation surges and JGBs sell off.
All 10-year yields are now positive.
Food for Thought: Spending time online:
Edited by Daniel Moskovits
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