**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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