In choppy trade following mixed US data, bond yields fell slightly, the US dollar closed unchanged, and the S&P500 closed down 0.5%.

Bond yields fell in response to softer core price data from the US GDP report, despite stronger activity readings. The AUD and NZD rebounded, while equities were weaker (S&P500 down 1.1%). As expected, the ECB held rates steady.

Bond yields rose despite little news of note, supporting the US dollar and depressing equities, the S&P500 down 1.3%.

The USD rose, helped by slightly better US (and disappointing Eurozone) PMI data. Bond yields were mixed, and the S&P500 is up 0.7%.

US bond yields and the USD fell after the former initially rose to historically attractive levels. The S&P500 is up 0.5%.

The USD and short- term bond yields fell following Fed chair Powell’s speech, while long- term bond yields rose. The S&P500 is down 0.7%.

A risk averse mood prevailed, Middle East concerns ongoing, pushing the defensive USD higher and equities lower (S&P500 down 1.2%). Bond yields were volatile, net higher.

Strong US spending and manufacturing data boosted bond yields but not the USD. The S&P500 is down 0.1%.

Amid a calmer risk sentiment backdrop, the S&P500 rose 1.2%, bond yields rose, and the USD fell slightly.

A risk averse mood prevailed, markets concerned about escalation in the conflict in Israel. The S&P500 closed down 0.5%, oil rose sharply, and the defensive US dollar rose slightly.