Friday Paper Charts

July 7, 2023

The first week of H2 has started with interesting moves both in rates and equity markets.

Higher-for-longer is the prevalent theme. Sticky inflation lingers, rates are tracking higher while there is no credit turbulence in sight, while recession risks are pushed further out.

With markets exhibiting a bit of a gear change, how has this influenced the model, if at all? Let’s dig in ….