Bassanese Bites: Fed to hold – October 30 2023
Global markets
Global equities continued to sell off last week despite a fall back in bond yields and solid economic reports, with trigger-happy traders expressing disappointment with some tech earnings results.
US 10-year yields tested 5% but ended the week at 4.84%. The S&P 500 dropped a further 2.5% after a 2.4% decline in the previous week. Oil prices dropped while the $US remained firm.
