Macro - Weekly Briefings - US
While Treasury bill yields surged this past week as markets adjusted to a 75bp rate hike from the FOMC, coupon yields were only modestly higher to wrap up an especially volatile week, led by 8bp increases in 2- and 3-year yields. Equities were hit hard again this week though, with the S&P 500 Index off 5.5% as of mid-Friday afternoon, and the Nasdaq down 4.3%. The dollar index was struggling to hold on to modest gains into the three-day weekend for US markets.
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