It’s OK to mow in May − the best way to help pollinators is by adding native plants 
Term limits aren’t the answer 
How supermarkets are changing their branding to make you think they’re cheaper 
Exams: seven tips for coping with revision stress 
Four ways EU laws affect the daily lives of European citizens today 
Britain is not as broken as everyone seems to think 
Israel’s invasion of Rafah will not eliminate Hamas or end the war. So, what is Benjamin Netanyahu’s plan? 
How German media attention idealises female Ukrainian refugees 
Cancer drug pollution is a growing global concern 
Cheaper medicines and a new approach for mental health care 
US treasuries continued their rise as NFP report overwhelms investors and economists. Last week's payroll number increased by 295,000. Hiring was seen across sectors, only mining and petroleum accounted for job losses.
- Treasuries are now almost predicting a rate hike in June, in line with the commentaries by FED official.
- As of now, focus is on first rate hike date, so once the short end of the curve pricing a hike in June; it may continue to drift until the FED acts on its commitment.
- Most probable date for FED to drop the patient word somewhere in April. Earlier or later would be market moving.
Probable scenarios -
- FED hikes in June and move the range to 0.25%. High probability. Despite immediate market reaction, major volatility will arrive over the press conference as market will search for future clues.
- FED does not hike in June. Disappointments will be high over the future funds rates. Longer end yields would react more to the downside and dollar might end its magnificent ride.
Once priced in treasuries might continue to drift sideways waiting for the disappearance of the patient word from FED guidance. Dollar might continue to outperform until the event. Dollar index is currently trading at 97.5, down 0.2% for the day.
