With the end of the U.S. presidential election last week, diminishing uncertainty boosted equity markets, leading to a strong 4.66% rally in the S&P 500 Index, reaching 5,995.5 points. In the bond market, the victory of Donald Trump and robust economic data drove the 10-year U.S. Treasury yie...

The U.S. Federal Reserve announced a 25 bps rate cut to 4.5%-4.75% at its monetary policy meeting on November 7, aligning with market expectations. In its statement, the Fed removed the phrase "job gain have slow" and replaced it with "Since earlier in the year, labor market conditions have gener...

The U.S. presidential election was held on November 5, and as of 8:00 AM EST on November 6, presidential candidate Donald Trump has secured 295 electoral votes, capturing all seven swing states, effectively confirming his position as the 47th President of the United States. The Republican Party h...

The U.S. services PMI expanded for the fourth consecutive month in October, rising from 54.9 in September to 56.0—its highest level since July 2022, according to data released by the Institute for Supply Management (ISM) on November 5.   Business Activity & New orders In the subindic...

Following the Federal Reserve’s two-rate cut and release of its latest Summary of Economic Projections (SEP) on September 18, the U.S. 10-year Treasury yield has surged by 60 basis points over the past two months, from around 3.7% to approximately 4.3%. Why have Treasury yields risen so sharply? W...