These higher rates reflect the shift in market pricing as the chances of near-term Fed rate cuts recede. Another assessment of Fed rate trajectories will come this morning (8am NZT) when they release the minutes of the FOMC's January meeting. The UST 10yr yield starts today at 4.32% and up +6 bps from this time yesterday. That all means our TWI-5 starts today at just under 71.2 and little-changed. The bitcoin price starts today at US$51,382 and down another minor -0.4% from this time yesterday.

Source: Stuff February 22, 2024 03:46 UTC