TRA Macro Tracking Index

Japanese 10 year bond yields inched above 2%, which saw U.S. yields and the dollar rise as well. Consumer sentiment, according to the University of Michigan, also edged slightly higher, but still remain close to historic lows. The big data week has many caveats around data completeness and accuracy, but overall sentiment is not much changed from the prior week. Some increased volatility around future Fed independence and policy, but while weakened, no real indications of material stress.

Have a great weekend!