Tag Archives: Saxo Bank WCU: Commodities stagger as 2022 gets underway

Saxo Bank WCU: Commodities stagger as 2022 gets underway

WCU: Commodities stagger as 2022 gets underway

By Ole S. Hansen    January 8, 2022

Turbulent best described the first few trading days of 2022, and just like the nervous start to 2021, it was a sharp rise in US Treasury yields that provided the initial directional inspiration across the different asset classes. The jump in sovereign bond yields from Japan to Germany and the UK gathered momentum after minutes from the Fed’s December meeting raised expectations for an accelerated pace of Fed rate hikes to combat inflation while the FOMC also discussed ways to outright reduce its balance sheet, thereby further removing some of the oxygen that had been driving stock markets sharply higher during the past three years.

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