Saxo Market Call

US yields surge on first trading day of 2022

January 4, 2022

Today's slide deck:  https://bit.ly/3ETxdon   

Today, we look at yesterday's surge in US long-term treasury yields and wonder whether this is narrative based and linked to worries clearing on the longer term impact of the omicron virus variant or whether it is a mechanical development due to huge shifts in funds related to the calendar roll into the New Year. Elsewhere, we look at new  highs in USDJPY on the US yield spike, key equity stories, upcoming earnings, gold and copper, soybeans, and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

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