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Writer's pictureRosbel Durán

🇺🇸❗️U.S. Monetary Conditions Less Lose: Cable FX Macro

**As seen in Macro Walk report 10/06/23, subscribe at cablefxm.co.uk/reports


  • Since mid-September, a gauge of U.S. monetary conditions has seen financial indicators turn less lose. Despite the declines, we have yet to see a continuous period of tightening

  • The move lower is developing more orderly when compared to the sharp declines seen in March's banking "crisis"

  • Equities trade off highs, high yield-10-year spread widens as the latter reached its highest levels since 2007, the VIX rebounded to breach its one-year average

  • A variety of financial conditions gauges have pared the moves seen over the last couple of weeks, the VIX is now trading back below its one-year average, rates have rebounded taking yields lower

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