Podcast: US yield spike makes waves ahead of FOMC meeting
Summary: US yields spiked yesterday after a 7-year treasury auction, unsettling yield-sensitive assets from momentum stocks to the Japanese yen and even gold. Today we look at this development, preview the FOMC meeting tonight, have a look at stellar results from Delivery Hero and Google-parent Alphabet, the big correction in corn after its recent spike, AUD after a weak CPI data point, preview incoming earnings and more. Today with Peter Garnry on equities, Althea Spinozzi on fixed income, Ole Hansen on commodities and John J. Hardy hosting and on FX.
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