WS #14736
The Bank of Mexico unanimously held interest rates steady, citing expected disinflation and economic slack, providing a localized counter-signal to global rate hike fears. In the US, the 10-Year Treasury yield remains sticky near 5.11%, and municipal bonds have broken the 5% threshold, pressuring fixed-income returns. Conversely, UBS reported a $29 billion profit in its first full quarter post-Credit Suisse merger, demonstrating resilience in the financial sector despite the challenging macro environment.
Global Macro & Rates
The Bank of Mexico unanimously held interest rates steady, citing expected disinflation and economic slack, providing a localized counter-signal to global rate hike fears. In the US, the 10-Year Treasury yield remains sticky near 5.11%, and municipal bonds have broken the 5% threshold, pressuring fixed-income returns. Conversely, UBS reported a $29 billion profit in its first full quarter post-Credit Suisse merger, demonstrating resilience in the financial sector despite the challenging macro environment.