Monthly Archives: October 2022
Gold Remains Downbeat as Treasury Yields Hit Decade High
Written on October 20, 2022 at 6:36 am, by lishitong
Recession fears are plaguing the markets more strongly than ever. On Wednesday, US Treasury yields hit a 14-year high, with the 10-year note hitting as high as 4.153% as of writing – the highest since 2008’s recession. Meanwhile, the 2-year yield rose by 13 basis points to 4.57%. More importantly, the 3-month rate briefly roseContinue Reading
More U-turns Foreseen From Bank of England
Written on October 17, 2022 at 2:43 am, by lishitong
UK Chancellor of the Exchequer Kwasi Kwarteng made an unprecedentedly dramatic early exit from an International Monetary Fund event in Washington on Friday, with many thinking it was to return to the UK to prepare his fiscal plan. Turns out, Kwarteng was being asked to leave his post by UK Prime Minister Liz Truss, whoContinue Reading
Fed Inflation Fears and Weak Demand Outlook Weigh on Crude
Written on October 13, 2022 at 4:37 am, by lishitong
On Wednesday, 12 October (GMT+3), the US Energy Information Administration (EIA) released its Short-Term Energy Outlook (SETO). Forecasts for 2023 revealed an average global oil production of 100.7 million barrels a day – down 600,000 from September’s forecast and reflecting OPEC+’s announced cuts. Oil consumption for 2023 is forecasted to be 101 million b/d –Continue Reading
