All quiet for Presidents Day
Monday 20th February 2023
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Expect a quiet trading day today with the US enjoying Presidents Day and not much in the way of data releases. Still, as NAB\u2019s Tapas Strickland points out, there\u2019s plenty to look out for later in the week, including the RBNZ\u2019s expected 50 bp rate hike, January\u2019s global PMI numbers, Australian wages and the Fed\u2019s preferred inflation measure. In the meantime, the question is, have yields peaked? Friday saw 10-year Treasury yields pull back a little, although 2 years are clinging to 4.6% and six month treasury notes sat above 5% for most of the day.
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