Counter -offensive in the Eurobond market

Inspired, in particular, a successful counter -offensive of Ukrainian troops in the Kharkiv region, honored with all the world media, even such as The Economist, where there was often the idea that Putin is not winning and we need to negotiate and surrender. It seemed that the whole week would be in such a rainbow environment. But it was these expectations that played an evil joke with investors and speculators. Be afraid of your expectations.

Sometimes they can be more dangerous even with the most prodigal swans. This time, too positive expectations came across inflation in the US, where the monthly increase in basic inflation was twice as high as the same expectations, 0. 6% against 0. 3%. It would seem that some pathetic 0. 3 points of difference, but they cost many people. And maybe still cost. Video day on Tuesday markets were closed by a devastating fall.

It was the worst trading day since 2020, when a pandemic was still raging in the world. In the future, the markets were not very felt. As a result, the S&P500 index has lost more than 100 points in a week, lost its growth impulse and open Friday at 3901 points. And the sale came not only to the stock market. In the bond market, the case was not better and the profitability was drawn sharply up, especially at the short end of the curve.

And the growth of ponds, albeit unpleasant, threatens the real estate market. Based on the foundations of the American economy. Because the mortgage rates are also increasing, and the profitability of US treasury liabilities came close to the profitability of real estate investments, which is preferred to rent. From such graphs, many veterans of the markets begin to shake in the breast.